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Hero MotoCorp targets $1 billion export by 2020

Hero MotoCorp, the world's largest two wheeler manufacturer is setting long term goals for the company to keep up the good momentum they are going through. They are still the no.1 company in India with great growth in each month.

Hero MotoCorp is reportedly expected to announce plans to set up its fourth plant in Gujarat in March itself, even as talks speed up for a fifth facility likely at Karnataka. It was reported that apart from feeding growing local demand, additional capacity would help the two-wheeler market leader to meet its $1 billion export target by 2020.

It is to focus the south Indian market, they are going to launch their fifth plant in Karnataka. They made discussions with many of the south Indian state governments and it was Karnataka who gave them attractive offer. So they opted Karnataka for the opening of their fifth plant.

Pawan Munjal, Managing Director & CEO of Hero MotoCorp said that "Within this month, I should be making the announcement for the new plant. It will get to those levels (as Haridwar plant's 2.5 million unit annual capacity), but will have modular capacities.", about the Gujarat plant.

Last updated on 09-03-2012. Published on 09-03-2012. Written by .
Category: News
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