Hero Honda, the world’s largest producer of two-wheelers, is on track to produce more than 4.5 million motorcycles and scooters during the current financial year. The company, which has three manufacturing plants in the country – at Daruhera, Gurgaon and Haridwar – churned out 3.7 million units during the last fiscal.
Despite already have a total production capacity of around five million units, Hero Honda may soon look at setting up its fourth manufacturing facility in the country. ‘The market wants more. Very soon we will do a feasibility study. It should take about six months to take a decision,’ says Pawan Munjal, Hero Honda’s managing director.
‘We remain prepared for healthy competition – that provides food for innovation,’ said Munjal, who added that Hero Honda is likely to launch as many as eight or nine new variants in various segments during the next fiscal.
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