Monday 3 November 2014

Hero MotoCorp to invest Rs 5,000 crore across the globe

Hero MotoCorp has lined a total investment of over Rs 5,000 crore across the globe, including manufacturing plants in Colombia and Bangladesh, and the new plants coming up at Gujarat and Andhra Pradesh and the Hero Global Centre for Research & Design at Kukas in Rajasthan.
Recently, the company has reported 8.05% fall in its two-wheelers sale in October 2014 to 5,75,056 units as compared to sales of 6,25,420 units in October 2013.
Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

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