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Hero MotoCorp to invest Rs 2500 crore in next 2 yrs, crosses 70 mn in sales

Company to expand its international footprint to expand to 50 countries by 2020

T E Narasimhan  |  Chennai 

Hero MotoCorp Ltd, India's leading two-wheeler maker, is planning to invest around Rs 2,500 crore for the next two financial years up to 2018-19. The proposed investment includes products development, digitisation, phase-wise capacity installation and in brown and green field expansion.   The company has crossed 70 million in sales  and is racing towards 100 million.   Pawan Munjal, Chairman, Managing Director & CEO of Hero MotoCorp in a letter to the shareholders said that it is planning to expand its existing facility at Gujarat and portion of the capex ...

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First Published: Fri, June 16 2017. 11:28 IST