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Hero MotoCorp launches state-of-art manufacturing plant

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Capital Market

In Neemrana, Rajasthan

Hero MotoCorp announced the state-of-the-art platinum-class manufacturing plant at Neemrana in Rajasthan has gone on stream in keeping with the Company's vision to surpass 100 million units in cumulative production by year 2020.

With the launch of this facility, the Company has four globally-benchmarked manufacturing units in India - Haridward, Gurgaon, Dharuhera and Neemrana. The combined installed capacity of the Company has now risen up to 7.65 million per annum. Hero MotoCorp has injected Rs 1050 crore as initial investment to build this sustainable manufacturing unit. The current production capacity of plant is 750,000 units per annum.

The Company is also set to commence construction of its fifth and sixth manufacturing plants in Gujarat and Andhra Pradesh respectively. When operational all the plants - including the ones in Colombia and Bangladesh - will take the installed capacity of Hero MotoCorp to 12 million units of two-wheelers.

 

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First Published: Oct 20 2014 | 1:59 PM IST

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