Hero MotoCorp to invest R5K cr in units, R&D centre

At a time when its erstwhile partner Honda is gaining strength, Hero aims to grow its market share in two-wheelers to over 50% at home and expand presence in overseas markets like South America, the US and Europe.

While it is building a plant each in Colombia and Bangladesh, three of the new plants will come up in India, starting with Neemrana, which will open this week and will be dedicated to premium bikes.

Construction at Hero’s fifth plant at Halol, Gujarat, will also start next month while a sixth domestic plant in Andhra Pradesh will be built starting next year. Hero, which currently has around 42% domestic market share, will see production capacity go up from 6.9 million today to 7.65 million next year and 12 million by 2017. fe