Company plans to start two new factories in India very soon in Halol, Gujarat and in Andhra Pradesh
India’s largest two-wheeler manufacturer Hero MotoCorp on Monday unveiled their fourth factory in the Rajasthan town of Neemrana. This factory with a capacity of 2500 units per day follows factories in Dharuhera and Gurgaon in Nathan’s as well as an unit in Haridwar, Uttarakhand and boosts the manufacturers shall output to 7.5 million units a year.
The Neemrana factory dubbed as a “Garden Factory” by the company is also unique in the sense that it has been certified as a ‘Platinum’ rated environmentally friendly unit. In this respect it is unique in the world.
To achieve this rating Hero has asking other things installed solar panels on the roof with a rated output of 1.5 megawatts, fully water recycling, lawns on the roof and have loud of plants across the building.
Along with an almost completely automated Global Parts Centre which Hero claims will revolutionise how parts are sent across the world, the Neemrana facility cost the company Rs 1062 crore. This is part of Hero’s planned investment of Rs 5000 crore over the next few years.
Hero MotoCorp Managing Director Pawan Munjal said that the company planned to start two new factories in India very soon in Halol, Gujarat and in Andhra Pradesh. Speaking to mediapersons he also said that the company will inaugurates their first foreign assembly units next year in Colombia and Bangladesh. He also announced that Hero will launch products in Argentina and Western Europe in 2015 and will enter the US and Brazil in 2016.
Speaking about market trends Munjal said that he realised that scooter sales were climbing rapidly and all his factors have flexible production lines to build both scooters and motorcycles. He added that Hero will launch their home-grown scooters the Dash and the Dare really next year along with a 250cc sportsbike.
Munjal also indicated that he was very happy with the success of the Hero Indian Super league football tournament which started two weeks ago. “The sport is growing rapidly in India and I’m proud of the ISl’s success”.