Hero MotoCorp to foray into manufacturing cars and LCVs
Hero MotoCorp proved speculation wrong by emerging triumphant after the split with Honda. The two wheeler major was able to maintain strong volumes and protect its market share and now the company wants a slice of the 4 wheeler market as well. Though the car market is currently on a downturn, Hero MotoCorp will be venturing into the four wheeler segment after giving it careful thought. The brand will initially be concentrating on lower rung small cars and local product development. Hero MotoCorp joins other companies such as BMW, Honda and Suzuki that produce two and four wheelers with equal success.
Bajaj too is trying the same. In fact, they are a step ahead where it comes to entering the car industry. Apart from their RS60 quadricycle, which will be launched by October this year, their first concept car has already been seen at 2014 Delhi Auto Expo earlier this year in the form of U-Car Concept, a four wheeled two seater which is positioned as an urban transport solution. The concept was noted with four valve, triple spark engine running on gasoline.
In the meantime, Hero MotoCorp gears up for launch of their first ever hybrid scooter. Leap scooter will be launched early next year. This hybrid scooter which will be produced from the company plant in Gurgaon will be powered by a 11 bhp traction motor and lithium ion batteries while a newly developed 124cc engine will be housed in the scooter. Leap will have a 3.0 liter fuel tank capacity so that the scooter can run on petrol if the rider is not able to recharge its batteries.
via Financial Express