Indian manufacturers are venturing out in good time. Expansion and estimated future sales sees Hero MotoCorp investing in manufacturing and assembly units to meet international sales targets.
Hero MotoCorp Ltd (HMCL), today reported 10% growth in Q2 2014 over over the corresponding quarter of the previous fiscal. Hero MotoCorp sold 17,15,129 two-wheelers in Q1 FY 2014-15 over 15,59,282 units sold in Q1 FY 2013-14.
Yamaha Motor India launched FZ FI version 2.0 and FZ-S FI V2.0 yesterday with a list of feature upgrades, most importantly, surprising change in engine specification. First FZ model was launched back in 2008, same engine and mechanicals have been doing duty so long until now, but the bike received a lot of new colours and liveries over the years; all three- FZ, FZ-S and Fazer 150.
Hero showcased Karizma R and Karizma ZMR at Delhi Auto Expo earlier this year and started selling this month. Karizma was debuted in May 2003 as first premium and high performance bike from Hero Motocorp. The 223 cc bike was considered to be racy and preferred by enthusiasts until Bajaj came up with high end Pulsar bikes, 200 and 220.
It has been two long years since Hero and Honda parted ways. Despite not many expecting them to do well post Honda, Hero has proved their critics wrong and have come out victorious. The company is the world’s largest two wheeler maker by volume and is now set to foray into the cars and even commercial vehicle segment in due course.
World’s No.1 two wheeler company, Hero MotoCorp continues with its youthful appeal to its extensive lineup of scooters and motorcycles by signing on Alia Bhatt as their brand ambassador. Alia Bhatt now joins superstar Ranbir Kapoor who also promotes the company’s products in the Hero Maestro campaign with the tag line – Such a Boy Thing.
With plans afoot to protect leadership position in the country, increase overall capacities and to compete with rivals Honda head on, Hero MotoCorp now plans its sixth plant in India. The two wheeler major in the country is in the process of finalizing location of this new plant into which it will pump INR 1,000 crores investment.
Hero MotoCorp Limited, formerly Hero Honda, based in India, is the world’s largest and leading manufacturer of motorcycles and scooters. The company has cemented its position in Indian markets and now gears up for an global expansion plan which will see their reach extend to 50 countries by 2020.