Hero MotoCorp has set a target of producing 7.5 million motorcycles and scooters in the fiscal year 2021-22, amid economic recovery and improvement in rural demand, consumer sentiment.
India's largest two-wheeler manufacturer's internal sales target includes doubling exports to 350,000-400,000 vehicles from the existing 150,000-200,000, Mint reported.
Hero MotoCorp intends to manufacture 600,000-650,000 two-wheelers per month in FY22, which will take the total output to more than 7 million.
This would be close to FY19 output, Hero MotoCorp when produced 7.83 million units and reported wholesales or factory dispatches of 7.61 million units.
Moneycontrol could not independently verify the story.
A Hero MotoCorp spokesperson had not yet responded when contacted by Mint.
"Hero's management is also focusing on doubling its export business next year as it is imperative for them to expand export volumes for further improvement in profits and exports also boost operating margins. Overall, they are planning to target around 800,000 units from exports in the next few years," a source told the publication.