Hero MotoCorp is reportedly in talks with Telangana and Andhra Pradesh Governments to set up a plant at an investment of around Rs 1,200 crore. The company was approached by the representatives of both Governments after it had last month announced its intent to set up a new plant in South India.
The company in June commenced production at its fourth plant at Neemrana, Rajasthan. It now has an installed annual capacity of 7.65 million two-wheelers.
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.
Company Name | CMP |
---|---|
Bajaj Auto | 8747.40 |
Hero MotoCorp | 4624.35 |
TVS Motor | 2006.15 |
Eicher Motors | 4598.05 |
Atul Auto | 572.35 |
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