CHANCHAL PAL CHAUHAN NEW DELHI
The world’s largest two-wheeler maker, Hero MotoCorp, primarily a bike manufacturer, is planning to double its production of scooters to grab a 25% share in the domestic market. The company, with an installed annual capacity of 6.4 million units across three plants, plans to ramp up the production of scooters to 6,00,000 units a year. The company currently produces scooters only at its Gurgaon plant.
Production will be stepped up from 8,000 units to 9,500 units at the Haridwar plant over the next six months, the company’s CFO Ravi Sud said, and output will be raised at Gurgaon and Dharuhera manufacturing facilities as well. Sud said the company will enforce three shifts from next year to raise the annual output to seven million units. However, the company’s fourth plant that was expected to come up by the end of this fiscal in south India is now likely to be commissioned only in the second half of the next fiscal.
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