Hero MotoCorp advances relaunch of all models without Honda Tag
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Hero MotoCorp Ltd Stock News, Analyst Calls And Reviews
Hero MotoCorp declared an amalgamation with Hero Investments on Monday.
India's biggest two-wheeler maker also stated that it will make an investment of more than Rs 2,500 crore to establish two manufacturing facilities in Gujarat and Rajasthan, in addition to an R&D centre by the year 2014.
Hero MotoCorp saw a surprising expansion in volumes in the financial gone by, hitting the 6 million units.
With this boost, Hero MotoCorp stated that it will augment its installed capacitance to 9 million units by 2013-14.
Its primary facility is likely to come up at Neemrana by first quarterly period of FY 2014 with a total investment of Rs 400 crore, having an early installed capacitance of 7.5 lakh units per year.
Also, the planned Gujarat facility will have an investment of Rs 1,100 crore, with a total capacitance of 1.2 million units by the second quarter of 2013-14.
While talking to media, Hero MotoCorp MD & CEO Pawan Munjal stated, "Once the fourth and fifth plants gets on stream, our total manufacturing capacity in India will reach beyond 9 million units from the current 7 million coming from three plants in India. We are gradually moving towards South and would aim to spread our manufacturing operations across the country."
Hero MotoCorp yesterday also announced its preparations to establish a 250-acre integrated R&D centre near Jaipur, Rajasthan including a total investment of Rs 400 crore.
With this novel plant, the company would be capable of designing and creating bikes, scooters and other two-wheelers independently at the moment.
"We plan to set up new centre where we will have an in-house collaborative product designing and development capability. We will also have a 2.1 km race track for test high displacement superbike as we go global with our new range of products," Mr. Munjal also stated.
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Hero MotoCorp advances relaunch of all models without Honda Tag
