It's hardly only a month since we reported about the construction of the fourth plant of Hero Motocorp commenced at Neemrana in Rajasthan. Now the sources disclose that country's largest two wheeler manufacturer is well invested to bid land for its fifth motorcycle production plant in India. The production factory is nowhere but at Halol, in Gujarat.
The news is also being spread that around 200 acres of land has been granted to the consortium at Halol. Hero was in continuous talk with the Chief Minister of Gujarat, Narendra Modi regarding the plant. The construction of the new plant is expected to start in the coming months. And the plant may start functioning by the second quarter of the year 2014. For the new plant, Hero has invested Rs. 1,100 crore. Once the plant is set for production, its is assumed to manufacture 12 lakh units of motorcycles per year at the initial phase. Then it's expected to increase by 18 lakh units annually.
It was in 2011, Hero parted away from its erst while partner Honda. Soon the company rebranded it to Hero Motocorp at the function programmed in London. While experts predicted that Hero would be struggling hard in future. Despite all prejudices, Hero surprisingly endured every hurdles and continued to lead with record sales on board and still continuing. To ensure its top spot and to continue ruling the Indian two wheeler market, Hero invested Rs. 2,575 crores in three plants.
The figures of Hero Motocorp are impressive. Even after the disassociation with Honda Motorcycles and Scooters India, the consortium marked only progressing sales figures. Presently, Hero Motorcorp has 3 plants in functioning. Two at Dharuhera and Gurgaon in Haryana and one at Haridwar in Uttarakhand.
The consortium is in no mind to lose its leadership of the country to any multinational firm. The company has already signed contracts with three foreign firms to assist the company in certain areas where the company lacks authentic appearance. Eric Buell Racing was the first company to join hand with Hero Motocorp after the break up with Japanese firm. The EBR assists the company in designing and developing stunning engines. Followed by, an Austrian based automotive firm, AVL (Anstalt für Verbrennungskraftmaschinen List) and an Italian motorcycle developing consortium, Engines and Engineering linked up with Hero Motocorp.
With this Hero plans to produce 18 lakh units annually.
Rate this News :