Hero MotoCorp (HMCL) has decided to develop its Halol plant in Gujarat into an export hub. The Halol plant will not only help support the western market more efficiently, it will help the company reach global destinations faster, since it is within close proximity of ports. By the year 2020, the company aim to surpass 100 million units in cumulative production with annual bike and scooter sales of 12 million units. The company is also planning to have more than 20 manufacturing and assembly plants globally with sales in more than 50 countries by that year.
Hero MotoCorp is the world’s single largest two-wheeler motorcycle company. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.
