Honda 2011 Annual Report Download - page 21

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Wave 110i
(Thailand)
CG150FAN
(Brazil)
first half of calendar 2013, it is scheduled to have annual
production capacity of approximately 4.0 million units.
Also, Honda Vietnam Co., Ltd., Honda’s consolidated
subsidiary in Vietnam, announced it would expand the ca-
pacity of its second plant to meet the favorable increase in
demand. By the latter half of calendar 2011, this expansion
in facilities is scheduled to bring total annual capacity to
approximately 2.0 million units.
In Indonesia, P.T. Astra Honda Motor, which is an af-
filiate accounted for under the equity method, made the
decision to build a new plant to respond to continued ro-
bust growth in demand. When this new facility goes into
operation in the latter half of calendar 2011, the annual
production capacity of Astra Honda Motor is scheduled to
increase to approximately 4.0 million units.
Honda resolved at a meeting of the Board of Directors on
December 16, 2010 to sell to its joint venture partners all the
shares held by Honda in Hero Honda Motors Limited, an af-
filiate of Honda accounted for under the equity method, for
the dissolution of the joint venture. Accordingly, Honda ex-
ecuted the share transfer agreement and new license agree-
ments on January 22, 2011. In accordance with the terms
of the share transfer agreement, Honda sold all the shares it
held in the joint venture partners as of March 22, 2011.
* 1: Based on Honda research, the motorcycle registration market includes eight
countries: Thailand, Indonesia, Malaysia, the Philippines, Vietnam, India, Pakistan
and China.
* 2: This total includes sales of completed products of the Company and its consolidated
subsidiaries and unit sales of parts for use in local production to Honda’s affiliates
accounted for under the equity method.
In Brazil, the principal market within Other Regions, total
demand in calendar 2010 increased approximately 12%, to
about 1.8 million* units. This was due to improved consum-
er confidence accompanying increases in the employment
rate and personal income as well as increased availability of
credit starting from mid-year onward.
In Other Regions (including South America, the Middle
East, Africa, Oceania and other areas), unit sales rose 17.9%
over the previous fiscal year, to 1.69 million units. This was
the result of increased sales of mainstay models, including
the CG150FAN and NXR150 motorcycles in Brazil.
* Source: ABRACICLO (the Brazilian association of motorcycle, moped and bicycle
manufacturers)
Other Regions
19