JV

Honda targets China sales of 730,000 units in 2011

(Agencies)
Updated: 2010-12-17 14:31

TOKYO - Honda Motor Co said it will target sales in China of 730,000 units in 2011, for growth of more than 10 percent from the 650,000 estimated for this year, Reuters reported Friday.

"We expect the overall (Chinese) market to grow by an average 10 percent," the report cited Seiji Kuraishi, head of Honda's China operations. "We will aim for a growth of more than 10 percent, of around 730,000 units."

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Honda operates?fifty-fifty joint ventures with Guangzhou Automobile Group Co and Dongfeng Motor Group, as well as a majority-owned factory building the Fit/Jazz subcompact model for exports to Europe, the report said.

According to the report, Honda's production capacity in China is set to rise to 890,000 cars a year in 2013.