Pawan Munjal, Executive Chairman, Hero MotoCorp
The country’s largest two-wheeler manufacturer, Hero MotoCorp, in the last 42 years has expanded its reach to more than 52 countries in the world, and for that it has spread its wings in manufacturing too — from just one plant in 1984 in Haryana to more in Uttarakhand, Rajasthan, Gujarat and now in the South (Tirupati in Andhra Pradesh) – along with R&D centres and Global Parts Centres (GPCs). The company is setting up its second GPC in Tirupati and this landmark facility is coming up with an investment of over ₹750 crore, that will serve as the foundation of an expansive ₹3,200 crore plus investment roadmap. Pawan Munjal, Executive Chairman, Hero MotoCorp, told businessline that after North and West, a manufacturing facility and a GPC was must to serve not only the domestic market, but also the export markets. On the market conditions, Munjal said both domestic as well as export markets were doing much better than they were anticipated, and not only in internal combustion engine (ICE) products, but also electric vehicles (EVs) with its partnerships with Ather Energy. Hero MotoCorp is also launching electric motorcycles with its partnership with California-based Zero Motorcycles and more premium products with Harley Davidson.Edited excerpts:
