India’s largest two-wheeler manufacturer Hero has opened up its fourth motorcycle manufacturing plant in Rajasthan. The plant has been stationed at Neemrana and spreads over a total area of about 47 acres. Hero said that it will be employing another 1,000 workers and the new plant will increase its production capacity to 7,50,000 units annually. Hero has also decided to keep Rs. 550 crores aside for the investment. The Hero MotoCorp Rajasthan plant will also feature its global parts center. The production is expected to start from end of 2013-2014.
Pawan Munjal laid the stone of the facility in the presence of senior company executive and government officials. Speaking on the occasion Mr. Munjal said that the start of the work for the new plant clearly indicated Hero’s commitment and future strategy. Attributing to the heavy demand of products Hero has been selling over 5 lakhs vehicles on an average per month. He further added than once the market sentiment becomes right, with this plant Hero MotoCorp will be in position to fulfill the upsurge in the demand.
The Global part center that will be housed at the plant will be featuring automated storage and retrieval, packaging and online warehouse management system. otally the plant will be employing additionally 400 more workers and will be spread over 35 acres of land. Hero currently at number one position on the sale chart wants to retain its position for a longer time. Other than the expansion of the plants, Hero is also considering about expand its current product portfolio with plans to reveal new product both in performance and commuter bike segment.