Karnataka Industries Minister refutes claims of Honda exit
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Karnataka Industries Minister M B Patil refuted claims that Honda is leaving the state.
- ✓On November 2, Patil said the company continues to produce 10,000 vehicles daily in Kolar.
- ✓He added, "There have been no lapses on the part of the State Government," noting Honda plans to start electric production soon.
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- BUSINESS
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- Business Line
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- 1 Minute(s)
- Market Focus
- India Economy
Karnataka Industries Minister M B Patil has refuted Union Minister for Heavy Industries H D Kumaraswamy's claim that Honda Motor is planning to move out of Karnataka.
Responding to Kumaraswamy's allegations on Sunday, Patil said Honda had been allotted 135 acres of land in phases at Narasapura in Kolar district since 2011. The company has been manufacturing two-wheelers there since 2013 and currently produces 10,000 vehicles a day, providing employment to more than 7,800 people, he said.
The company also operates a 35-acre spare parts warehousing and distribution facility at Adinarayana Hosahalli in Doddaballapura taluk, catering to the entire southern region.
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