Hero MotoCorp surpasses 100 mn cumulative production milestone
Thursday - January 21, 2021 4:30 pm , Category : BUSINESS
New Delhi, Jan 21 (IANS) Two-wheeler major Hero MotoCorp has surpassed the significant milestone of 100 million (10 crore) units in cumulative production.The 100 millionth bike, the Xtreme 160R, was rolled-out of the Company's manufacturing facility in Uttarakhand's Haridwar.This is the 20th consecutive year that Hero MotoCorp has retained the title of the world's largest manufacturer of two-wheelers.According to the two-wheeler major, this is one of the fastest global achievements of the 100 million cumulative production mark, with the last 50 million units coming in a span of just seven years."This significant landmark is also an affirmation of the inherent capabilities in India and Hero's Brand appeal. We have been making in India, for the world - and this milestone is an acknowledgment of the customers' preference for Hero across geographies, demographics and generations," said Pawan Munjal, Chairman & CEO, Hero MotoCorp."We are going to continue to ride our growth journey. In keeping with our vision to 'Be the Future of Mobility', we will be launching a host of new motorcycles & scooters over the next five years, in addition to expanding our global footprint. We will also continue to invest in R&D and focus on new mobility solutions."Besides, Munjal outlined Hero MotoCorp's plans and vision for the next five years.As part of the next five-year plan, Hero MotoCorp will introduce over 10 products - including variants, refreshes and upgrades - every year.In addition, the company will continue to grow its operations in markets outside India and also enter new geographies.
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