World's largest two wheeler manufacturer Hero MotoCorp is well set to start its work of new plants in Gujarat and Rajasthan. The company, which already has two plants in Haryana and one in Uttarakhand, is well motivated to enlarge its engineering profile upon two wheeler motoring, which has been built up through years' struggle and hard work. With an initial investment of Rs.400 crore in Kukas, the R&D center will be registered as the country's largest two wheeler R&D center. The plant is mated of 250 acres and 500 engineers.
MD and CEO of Hero MotoCorp, Mr. Pawan Munjal addressed media in a press conference, "Now that we are on the threshold of becoming a truly global company, our initial focus is on markets where the volumes are large, and products can be sold with minimum changes. So right now, our existing products with suitable modifications will be made available in these new international markets."
Signing a contract, State Support Agreement with Gujarat Government, Hero Motocorp is looking forward to continue its domination in the worldwide two wheeler market. The company plans to export its models to Nigeria and Central America to make it a global brand. The Neemrana plant will commence its operations by the beginning of 2014, providing job opportunities to 1000 employees to produce .75 million units per year, whereas in Gujarat, Hero will invest Rs.1100 crore
and the plant will start functioning by the second half of 2014 with a production of 1.2 million units per year accommodating 2000 employees.
Witnessing Honda's competition, Hero is moving laps ahead by more plants and technologies. The company has called for shareholders to invest in Hero Motocorp too. Incredibly, after parting from Honda, Hero Motocorp only scaled up progress in sales. Hero recorded 5,56,644 units of sale in May 2012 comparing to last year's figure of 5,00,234 units, while Honda was its partner.
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