Hero MotoCorp is reportedly planning to invest around Rs 2,500 crore for the next two financial years up to 2018-19. The proposed investment includes products development, digitisation, phase-wise capacity installation.
Moreover, the company is planning to expand its existing facility at Gujarat and portion of the capex will be on upcoming plants in Andhra Pradesh and Bangladesh. This capex also includes investments towards up-gradation and modernisation of company's existing plant machinery. Meanwhile, the company has crossed 70 million in sales and is racing towards 100 million.
Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The Company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.
