Honda Motor Company (NYSE: HMC) (TYO: 7267), a Japan-based automaker, is aiming to double its annual global sales to more than six million units by 2017.
The automaker aims to achieve this goal by concentrating on emerging markets, including India and China.
The company will be launching cheaper models over the next few years to cater to those emerging markets, whilst introducing new models such as the Fit in western markets. The company sold 3.1 million units worldwide last year.
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