Hero Honda to finalise on new plant in month's time
Press Trust of India / New Delhi Aug 26, 2010, 12:38 IST
Two-wheeler major Hero Honda today said the company will finalise on setting up its fourth plant in the country in a month's time.
"The finalisation (of the new plant) will hopefully be closing in a month or so...We have completed our field work," Hero Honda Senior Vice President (Marketing and Sales) Anil Dua told reporters on the sidelines of the SIAM summit here.
He said the new plant is meant for the company's requirement in 2011. "We are very much on schedule to accomplish that," he added.
At present, Hero Honda has three manufacturing facilities at Dharuhera and Gurgaon in Haryana and at Haridwar in Uttarakhand.
Besides, the company expects to sell over five million two-wheelers by this fiscal year.
"We are hoping to cross sales of five million units this year. Last year, we said we will cross four million and we cross that handsomely. So this year also, we will be able to achieve our target," Dua said.
The company sold 4.6 million two-wheelers last fiscal. "We grew by 24 per cent last year and we hope to close this year in double digit figure," he said.
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Two-wheeler major Hero Honda today said the company will finalise on setting up its fourth plant in the country in a month's time.
