Hero MotoCorp to set up Rs 1100 crore plant in Gujarat to produce 1.2 million units per year
New Delhi, 4 June 2012
India’s largest two-wheeler maker Hero MotoCorp today said it will invest Rs 1100 crore in Gujarat to set up its fifth plant with a capacity of 1.2 million units. The Gujarat plant will be commissioned by the second quarter of 2013-14, the company said.
“The fifth plant of Hero MotoCorp will be set up in Gujarat with an investment of Rs 1,100 crore. This will have a capacity of 1.2 million units, he said, adding that the plant would be commissioned by the second quarter of 2013-14,” Hero MotoCorp Managing Director and Chief Executive Officer Pawan Munjal told reporters here.
Before Gujarat plant, the company will be setting up its fourth plant at Neemrana in Rajasthan with an investment of Rs 400 crore which will have an installed capacity of 7.5 lakh units per annum. The plant will be commissioned in the first quarter of FY 2014. The company will be setting up a research and development (R&D) centre with an investment of Rs 400 crore at a 250-acre location near Jaipur in Rajasthan.
According to Munjal, once Rajasthan and Gujarat plants are commissioned, Hero MotoCorp’s total manufacturing capacity will be over 9 million units a year from the current about 7 million units. The company presently produces 70 lakh units annually from its three manufacturing plants at Dharuhera and Gurgaon in Haryana, and Haridwar in Uttarakhand.
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