Hero to set up its sixth manufacturing facility in South India
Hero MotoCorp is planning to further expand its manufacturing capacity by installing a new facility in south India. This plant will take the count of plants under Hero to six. The new plant is rumoured to have an annual capacity of 1.5-2 million units, taking the total capacity to almost 12 million in the future.
Hero MotoCorp CEO and MD, Pawan Munjal, said, "We are looking to set up a plant in South India. It will be utilised to service the market there. We are scouting for land at the moment." The target dates to get the plant up and running have not been disclosed.
Hero currently has three running facilities at Gurgaon, Haridwar and Daruhera (Uttarakhand). These plants have a total capacity of 6.9 million units. Its facility in Neemrana, Rajasthan would start manufacturing soon while the Halol plant in Gujarat is still work in progress.
Ever since they parted ways with Honda, Hero has been on the offensive. It had set a target of annual sales of 10 million units by 2017 and it seems that the target wasn't unrealistic. It had the highest sales for a non-festive month this May with 6,02,481 units. Even the month before that saw 5,71,054 units roll out of Hero showrooms. The company has refreshed almost its entire lineup this year with the latest being the Karizma twins. We have ridden the ZMR, new Xtreme and Pleasure. Hero's next launch is expected to be the Splendor Classic.
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