Honda Motor plans to tripple sales in India in 5 years

The Japanese motorcycle maker Honda has announced plans of expanding in India to the tune to tripping motorcycle and scooter sales by 2015. In 2010, they sold 1,40,642 motorcycles and scooters. Honda will invest 18 billion yen in India over the next 5 years, or just over $1.5 billion USD. China, Indonesia, and India together demands over 30,000,000 units of low-end motorcycles as estimated.