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Honda operates 50-50 joint ventures with Guangzhou Automobile Group Co and Dongfeng Motor Group, as well as a majority-owned factory building the FitJazz subcompact model for exports to Europe.
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Updated : Mar 30, 2018, 03:52 AM IST
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Honda Motor Co said on Friday it would target sales in China of 7,30,000 units in 2011, for growth of more than 10% from the 6,50,000 estimated for this year.
"We expect the overall (Chinese) market to grow by an average 10%," Seiji Kuraishi, head of Honda's China operations, told reporters in Tokyo. "We will aim for a growth of more than 10%, of around 7,30,000 units."
Honda operates 50-50 joint ventures with Guangzhou Automobile Group Co and Dongfeng Motor Group, as well as a majority-owned factory building the FitJazz subcompact model for exports to Europe.
Honda's production capacity in China is set to rise to 8,90,000 cars a year in 2013.
