Karnataka minister dismisses reports that Honda plans to leave the state
Karnataka's industries minister M B Patil called claims that Honda Motor will exit the southern Indian state baseless, citing its Narasapura plant.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Karnataka Industries Minister M B Patil has rejected a claim by Union Heavy Industries Minister H D Kumaraswamy that Honda Motor intends to move its operations out of the state. Moody's reported that Patil responded to the allegations on Sunday.
According to Patil, Honda has been allotted 135 acres in phases at Narasapura in Kolar district since 2011, and has made two-wheelers there since 2013. The plant currently produces 10,000 vehicles a day and employs more than 7,800 people. Honda also runs a 35-acre spare parts warehouse at Adinarayana Hosahalli, serving the whole southern region. Patil said the company wants to start electric two-wheeler production at the Narasapura campus in the coming days.
He stressed that “there have been no lapses on the part of the State Government in its dealings with Honda, nor has the company expressed any dissatisfaction with the State.”
why it matters
The story is a political dispute over a large automaker's footprint and is unlikely to move markets broadly. For investors, the more relevant point is that Honda is expanding its Indian output, while the reported relocation remains unconfirmed.
tags
instruments
sources
- Karnataka Industries Minister refutes claims of Honda exit — Moody's, 2 November 2026 at 03:51 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗