Hero MotoCorp, the country’s largest two-wheeler maker, has ramped up its total production capacity to seven million units and mdash; that is, more than 800 units per hour. The company, which has a share of 45 per cent in the domestic two-wheeler market, is now looking to beat the industry growth of 10-12 per cent projected for this financial year.
The company is making strides in expanding its capacity further by setting up new plants, one of which would come up in South India. Hero presently has three operational plants in the country, located in Gurgaon, Dharuhera (Haryana) and Haridwar (Uttarakhand). Meanwhile, after launching a motorcycle and a un-geared scooter under its new brand ‘Hero’ is now gearing up to launch a 125cc bike named Ignitor and a 110cc commuter bike called Passion XPro. While the Ignitor is a new model, Passion XPro is based on the Passion series of brand in the Hero line-up.
The company recently reported 2.41% increase in its sales for March at 5,28,290 units. The company had sold 5,15,852 units during the same month last year. For the entire 2011-12 fiscal, the company crossed 60- lakh sales mark for the first time by dispatching a cumulative of 62,35,205 units as against 54,02,444 units in the previous fiscal, up 15.41%
| Company Name | CMP |
|---|---|
| Bajaj Auto | 8946.30 |
| Hero MotoCorp | 5127.45 |
| TVS Motor | 2172.00 |
| Eicher Motors | 4853.90 |
| Atul Auto | 541.30 |
| View more.. | |
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