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Honda aims to double global auto sales

 

Honda is aiming to double global auto sales to more than six million vehicles over the next five years as it gears up for growth after disasters last year.

Honda Motor Company president Takanobu Ito gave his worldwide target on Friday for the fiscal year ending March 2017, up from 3.1 million vehicles for the fiscal year through March this year.

He said emerging markets would drive growth, including India and China, as Honda plans to strengthen cheaper models tailored for such regions.

Japanese car makers have been bouncing back from the global production disruptions caused by the quake disaster in northeastern Japan and Thai floods last year.

Honda also plans a fuel-cell vehicle in 2015 in Japan, US and Europe.