Country's largest motorcycle manufacturer, Hero MotoCorp, has confirmed that the company will be launching 12 new variants and upgrades in this financial year itself. The plan is according to the new strategy taken by the firm while celebrating the 50 million two-wheeler milestone. However except something, there is no clue on which all machines will be upgraded and how many will be the new variants. Recently, Hero's flagship bike, the Karizma ZMR's updated version was caught while testing. So, it will be the one among the dozen.
While the 50 Million celebration, Mr. Pawan Munjal, Managing Director and Chief Executive Officer at Hero MotoCorp, said that they had lined up 12 new variants and upgrades for the customers.
"For customers, we have lined up 12 new products of variants and upgrades during the course of this financial year," said Mr. Pawan Munjal.
And the firm is also planning to launch its most awaited bi-wheeler, the Leap 20, which is an electric scooter.
"Through our project titled ‘Leap 20,, we are bringing very high levels of innovation across our supply chain, and partnering with our suppliers to drive significant improvements in our cost structure, even as we raise the bar even higher on product quality and reliability," added Mr. Pawan Munjal.
The Leap 20 will be a new benchmark for Hero. It's for sure that the Leap 20 will tell a lot to the Indian customers especially at the time of raising petroleum products' price.
Rather that having a heightening growth, the firm could witness only a steady growth in recent times. In between the firm's rival, Honda is marking almost double growth. It's assumed that the growth of Honda is just because of the introduction of new products in regular interval of time. Moreover, the Japanese rooted company is launching only good quality products. This has caused to grab the attention and trust of people. Above all, the customers believe that it was Honda the master brain in Hero-Honda joint venture.
Though the stuffs are likewise, Hero is never on to fall asleep. Through the strong leadership by Mr. Munjal and great promotion, the firm is blowing back.