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Honda to Increase Stake in Indian Carmaker

7 June 2000

Honda Set to Invest Additional $90 million

    India - According to a statement made by Teruo Fujisaki, Chief Executive 
of India's Honda Siel Cars, Honda will be making an additional investment in 
the company over the next few years.  Honda has already invested $101 million(US) 
into the Indian car production venture with Siel group.

    The company, which now has 26 dealerships in 16 cities, hopes to increase 
its share of the mid-size/luxury passenger car market from its current 15% to 
20-25% over the next three years.  Additional locally built models will be 
added to the product line-up in order to help the company reach its goals.


MJR