Hero MotoCorp has lined up an initial investment of over Rs 3,000 crore in adding capacities and brand building initiatives in domestic and global markets over the next two years. This is in line with the company’s vision of expanding its global footprint to 50 countries and total annual sales of 12 million units by the year 2020.
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.
