Hero MotoCorp to invest 10K crore aims to
go carbon neutral
India’s largest two-wheeler manufacturer Hero MotoCorp on Tuesday said it plans to invest up to Rs 10,000 crore in the next 5-7 years. The investment will be made for new products, alternate mobility solutions, manufacturing facilities, network and brand building, research and development, etc. The company aims to become a market leader in India and also to make strong its presence overseas.
The investment also includes the electric vehicles where the company is lacking behind as its rivals Bajaj Auto and TVs has recently launched their first electric two-wheelers in the market. The company claims that it wants to become a carbon-neutral company by 2030 and would also be making suitable investments in its facilities for electric vehicles.
“We have been the world’s largest two-wheeler manufacturer for 19 years now which is no mean feat. Getting to the top is difficult but staying there is even more difficult and we intend to remain at the top,” said Pawan Munjal, chairman and managing director, Hero MotoCorp.
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