7/12/2016

HeroMotoCorp'sfourthplantatNeemranatostartsoontimesofindiaeconomictimes

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HeroMotoCorp'sfourthplantat
Neem
Neemranatostartsoon
ChanchalPalChauhan,ETBureau Jan27,2014,
05.55AMIST
Tags: twowheelermaker | networth | Neemrana
Neem
| manufacturingfacilities |
Insurability | HeroMotoCorp | endorsements | DomesticMarket
HeroMotoCorp,theworld'slargesttwowheeler
makerbyvolumes,issettostartitsfourthplant
atNeemrana
Neem
inRajasthaninthenextfewweeks,
evenasseveralautomotivecompaniesprune
productioninthesluggishdomesticmarket.
Withthecompanyalsolikelytocommencework
onitsfifthplantatHalolinGujaratsoon,thetotal
annualinstalledcapacityofHeroisexpectedto
gocloseto10millionunitsbythefinancialyear
201718.

(Thecompanyisalsolikely)

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monsterindia.com

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TheNeemranaplantgoingonstreamexactlyafterayearofstartingitsconstructionis
Neem
significantforthecompanyasitwillmanufacturemostlyscooters,likethebestselling
Maestrothatstronglycontributestotheoverallvolumesofthecompany.Thenewplant,
whichwillalsoproducecertainmodelsofmotorcycles,islikelytocommenceproduction
withaninitialcapacityof750,000unitsperannum.Inarecentcommunicationtothe
company'spartssuppliers,whichEThasreviewed,HeroMotoCorphasindicateditis
keentogetthenewplantonstreamattheearliest,possiblyevenbeforetheendofthis
financialyear.
"TheNeemranaplantwillplayastrategicroleinHero'splanstostrengthenitsleadership
Neem
inthefaceofstiffcompetition.Hero'sscooterportfoliowithsharplypositionedPleasure
asascooterforwomenandMaestroformenhasbeencontributingwellover55,000
unitstoitstotalmonthlysales,anditisgrowingatalmostthedoublethatoftheindustry
growth.Whilethecompanyisnowscalingupitsmonthlyscooterproductionto75,000
units,butgoingbythecurrenttrend,eventhismaynotbeenoughtocatertothemarket
demand.ThisiswhyHeroiskeenongettingtheNeemranafacilityonstreamatthe
Neem
earliest,"atopindustrysourcetoldETonconditionofanonymity.
RELATEDARTICLES
HeroMotoCorptodoubleproductionof
scooters
October20,2011
HeroMotoCorptoinvestRs160crorein
theGlobalParts...
July26,2012

Thescootersegmenthasbeenthemostvibrantandfastestgrowingsegmentinthe
Indiantwowheelermarket.Currentlygrowingat20percentintheongoingfiscalwith
salesof26.11lakhunitsinAprilDecemberperiod,consistentdemandfromurban
marketandwomencustomershasdoubledthemarketsizetointhepastthreeyearsto
over3millionunits.

HeroMotoCorpnetslips20%in
Decemberquarter
January18,2013

HeroisinvestingatotalofRs550croreinbuildingthenewplant,alongwiththestateof
theartGlobalPartsCentre(GPC)atNeemrana.Thetwowheelerplantwillprovidedirect
Neem
employmenttoover1000people.Meanwhile,Heroislikelytostartconstructionofits
proposedfifthplantatHalolinGujaratsoon,wherethecompanywillinvestuptoRs
1100crores."Theplantisexpectedtogoonstreaminthefinancialyear201516withan
annualcapacityof1.8millionunitsoftwowheelers,"thesourcesaid.

INDEPTHCOVERAGE
HeroMotocorp

Herohasacombinedinstalledcapacityof7millionunitsbetweenitsthreemanufacturing
facilitiesGurgaonandDharuherainHaryanaandHaridwarinUttarakhand.Thiswillgo
uptowellover9millionunitsoncethetwonewplantsgoonstream.

Dharuhera
http://articles.economictimes.indiatimes.com/20140127/news/46684752_1_globalpartscentreheromotocorpfourthplant

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7/12/2016

HeroMotoCorp'sfourthplantatNeemranatostartsoontimesofindiaeconomictimes

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Readers'opinions(10)
Sortby: Newest | Oldest
AjitSingh(Bahadurgarh)
01Dec,201504:28PM
R/Sir,iamamechinicalengg.having3yearsexperienceinproductiondept.Noewi
amjoinHEROgroup.Mayuhelpmesir.ThankingyouAjitSingh
yashwantSingh(nagour)
15Aug,201506:50PM
PlzjobmeIamitiholder9982672910
RAKESHKUMAR(behror)
19Jun,201502:43PM
DearSir,IlovetoworkinneemranaHeroMotoCorp's.IhavedoneMcom.mob.
9983380688
surjeetsingh(firozabad)
12Mar,201512:38PM
sirapnekoireplynahikiyasurjeetsingh9058773134iti{copa}anadpurjarkhitundla
firozabad

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