Honda Siel Cars India Ltd (HSCIL), a joint- venture between Japan’s Honda Motor Company and Siel Ltd, today said it will Invest about $250 million to more than double its production capacity by the end of 2009.

”We have already invested Rs 400 crore in one of our plant and will Invest initially about $250 million during the current year in other plant to increase our total production capacity to about 1,60,000 units per year by the end of next year,” company President and CEO Masahiro Takedagawa told reporters on the sidelines of a conference here.

The company, that has four per cent share in the country’s car market, presently produces about 65,000 units in its Greater Noida plant.