Tuesday, May 25, 2010

Honda forecasts it will sell 1.18 million motorcycles this year

Honda halts bike production on safety concernsHonda temporarily suspended its motorcycle production for the safety of its staff due to political violence in Bangkok.

However, car production in Ayutthaya continued as usual and it will add an extra shift today to keep up with back orders for certain models, said a spokesman for Honda Automobile Thailand.

A senior executive of Thai Honda Manufacturing, manufacturer of Honda motorcycles and power products at Lat Kra Bang in Bangkok, decided to stop production two days _ Thursday and yesterday _ for the safety of its workers after violence in the capital escalated.

The curfew also made it hard for employees travel to and from work. The facilities, which usually close on the weekend, will resume production on Monday.

The executive said the production suspension would not affect the supply of motorcycles and power products. He said Honda could add shifts later to make up any backlog.

Honda forecasts it will sell 1.18 million motorcycles this year.

Honda's automobile production capacity is 2.4 million units per year. In the first four months, it produced 29,739 vehicles, an 18.8% increase year-on-year for 13.3% market share, ranking third.

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