By the entry of many international companies, Indian biggie Hero MotoCorp is also preparing themselves to stay in the hunt and to retain their no.1 position. As all the companies are flooding the Indian market with a variety of new launches, Hero is taking guard of themselves.
Hero MotoCorp Ltd., has reportedly stated that it will raise production at its three factories to a total of 7 million two-wheelers a year by the end of March, from 6.2 million currently, according to a report in The Wall Street Journal.
Eventhough it split up with their longtime partner Honda, it can be recalled that Hero MotoCorp on Thursday had posted a 43 percent rise in October-December net profit to Rs 613 crore, helped mainly by record sales of scooters and motorcycles and stable raw-material costs.
The report mentioned that the New Delhi-based company will raise output at its Haridwar factory in the northern Uttarakhand state to 9,000 vehicles a day from 8,000, according to Anil Dua, vice president of marketing and sales at Hero MotoCorp.
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