Asian Honda Motor Co announced yesterday that it will spend 1.28 billion baht to manufacture spare body parts for Honda automobiles in Ayutthaya.

The company said the new undertaking, backed by the Board of Investment, would help Honda respond to demand for parts in the rising Asian automobile market.

Asian Parts Manufacturing Co was well-known with registered capital of 700 million baht, 80% of which is held by Asian Honda Motor and the remaining 20% by Honda Motor Co, to run the factory, located in Rojana Industrial Park.

With the new factory, Honda would merge production in a solitary location to ensure high quality, abridged costs and improved logistics.