Hero starts construction of facility in Neemrana
Hero MotoCorp has started building its fourth facility in India at Neemrana, Rajasthan. This will also accommodate its global parts centre. The company will be investing Rs 550 crore into this project and the facility will be operational by the end of financial year 2013-14. The Neemrana facility boasts of having an annual capacity of 750,000 units per annum.
Speaking on the occasion, Pawan Munjal managing director & chief executive officer of Hero MotoCorp said The commencement of work on the new plant is clearly indicative of our intention and strategy for the future. Thanks to overwhelming demand for our products, we have been consistently clocking in excess of five lakh unit monthly sales on an average. We foresee a revival in market sentiments sooner than later, and when it happens, we will be ready to meet the upsurge in demand.