The Indian unit of the Japanese automaker Honda, is investing Rs500 crore for expanding its activities in India. The move is to make a second plant for its two wheeler production at Alwar in Rajasthan and the products will roll out in the next financial year. The plant will have the annual capacity of 6 lakh units to meet the growing demand for the company’s products. In the meantime, the capacity at the company’s Manesar plant will be increased to reach 15 lakh units, by the end of this fiscal. The company foresees the increased sale of motorcycles from its platform than the scooters. The company’s performance in 2009-10 was a sale of 12.7 lakh two wheelers and the expectations for this year is 15 lakh units, in which 50% may be bikes. Soon, the company will roll out its VFR 1200 motorcycle in India, which will be imported and will cost more than its CB 1000RR(Rs12.5 lakhs). In India, the company has sold 100 units of high-end fun bikes and the export market romped 80000 units in last fiscal. The export target for this fiscal would be 1.10 lakh units, it is learnt.