New facility to be export hub

Hero MotoCorp, the world’s largest two-wheeler manufacturer, has started building a Rs.1,600 crore manufacturing facility in the state of Andhra Pradesh.

Spread over 600 acres in the Chittoor district, the facility will have an annual installed capacity of 1.8 million units, which will be achieved in three phases.

The plant, expected to be operational before December 2019, will also act as a key hub for export its range of products to some of its key overseas markets.

This will be the eighth manufacturing facility of Hero MotoCorp, which already has five world-class plants in India and one each in Colombia and Bangladesh.

The existing manufacturing facilities of Hero MotoCorp in India are located at Haridwar in Uttarakhand, Gurgaon and Dharuhera in Haryana, Neemrana in Rajasthan and Vadodara in Gujarat.

The Company also has two manufacturing facilities at overseas locations – Villa Rica in Colombia and Jessore in Bangladesh – to cater to the growing demand for its products in international markets.

The combined installed production capacity of the Company is currently 9.2 million units per annum, which is highest in the country.

With the additional capacity of this plant, Hero MotoCorp’s combined annual production capacity will reach 11 million units.

This is in continuation with the Company’s strategic initiative of building world-class infrastructure in order to meet future market demand and consolidate its leadership.

With the highest production capacity and highest customer touch-points, over 6500, in the country, Hero MotoCorp is on course to meet the growing demand for its products in the next few years. fii-news.com