Honda India Power Products on Wednesday announced its foray into the marine outboard business and aims to corner around 10 per cent market share in the 4-stroke engine segment in the first three years. From April, the company will introduce Honda 4-stroke marine outboard motors range for boat operators targeting various government agencies engaged in maritime security, coast guard, taxi boat services for passengers and tourists, and fishermen engaged in commercial fishing in sea and inland river systems. These motors are priced between Rs 1.8 lakh for 6 hp and Rs 23 lakh for 250 hp. The company said the marine outboard industry in India is expected to grow up to Rs 1,400 crore in size going forward and HIPP is aiming to capture a 10 per cent market share in the 4-stroke segment in the first three years. In terms of volume, the industry is at around 10,000 units a year. All the three segments of the marine outboard business -- tourism and leisure, maritime security and fishing -- are witnessing a major shift towards 4-stroke technologically advanced products from 2-stroke motors and HIPP is seeking to tap the opportunity.