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Business Economy


Hero MotoCorp announces Rs.10,000 crore investment over the next 5-7 years at Hero World 2020

Kolkata, Feb 18(UNI) Over the next 5-7 years, Hero MotoCorp is aiming to create the next generation of mobility solutions that are relevant to customers across the world with an investment of Rs. 10,000 Crore.
This was announced by Dr. Pawan Munjal, Chairman of Hero MotoCorp at Hero World 2020 - a first-of-its-kind three-day event in Jaipur.
“Over the next 5-7 years, we are aiming to create the next generation of mobility solutions
that are relevant to customers across the world. To this end, we have earmarked an investment of Rs. 10,000 Crore along with our ecosystem, which will be utilized towards research and development of alternative mobility solutions, modern, state-of-the-art, sustainable manufacturing facilities, network expansion, and brand building across the globe," Dr Munjal said.
The amount earmarked for the purpose and the comapny's ecosystem will be utilized towards research and development of alternative mobility solutions, modern, state-of-the-art, sustainable manufacturing facilities, network expansion across the globe, he said.
In the event, Hero MotoCorp launched HERO XTREME160R and showcased two more new products (Hero Passion Pro, Hero Glamour 125cc), a world-class product accessory (Hero XPulse 200 Rally Kit), and a display of the entire global product portfolio.
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