Hero Motors Company to launch new hi-end export oriented unit

  • The opening of the new plant marks the first phase of operationalisation of the Hero E Cycle Valley.
Over ₹1,000 crore is being undertaken over two years in total outlay to operationalise the E Cycle Valley.
Over ₹1,000 crore is being undertaken over two years in total outlay to operationalise the E Cycle Valley.

Hero Motors Company will unveil its new hi-end export-oriented manufacturing plant at the Hero E Cycle Valley at Dhanansu on the outskirts of the city here on Tuesday.

The opening of the new plant marks the first phase of operationalisation of the Hero E Cycle Valley.

The plant will augment the company's annual production capacity to 10 million units even as the overall E Cycle Valley will achieve complete localisation of component production by housing a series of international component suppliers, said a company statement here.The new export-oriented plant is crucial for the company's ambitious global expansion plans and is expected to manufacture over 70 per cent of production for the global market.While 50 acres of the Valley houses the Hero E Cycles factory, another 50 acres has been marked for a dedicated suppliers' park, it said.

Also check these Vehicles

Find more Cars
Force Motors Gurkha (HT Auto photo)
Engine Icon2596.0 cc FuelType IconDiesel
₹ 13.59 Lakhs
Compare
View Offers
Mean Metal Motors Azani (HT Auto photo)
UPCOMING
BatteryCapacity Icon120 Kwh Range Icon700 km
₹ 88 - 90 Lakhs
Alert Me When Launched
Force Motors Gurkha 5 Door (HT Auto photo)
UPCOMING
Engine Icon2596 cc FuelType IconDiesel
₹ 16 Lakhs
Alert Me When Launched
Revolt Motors Rv400 (HT Auto photo)
BatteryCapacity Icon3.24 KWh Range Icon150 Km
₹ 1.40 - 1.60 Lakhs
Compare
View Offers
Velev Motors Vio (HT Auto photo)
Range Icon70 km/charge
₹52,000
Compare
Tork Motors Kratos (HT Auto photo)
BatteryCapacity Icon4 kWh Range Icon180 km/charge
₹ 1.22 - 1.68 Lakhs
Compare
View Offers

Over 1,000 crore is being undertaken over two years in total outlay to operationalise the E Cycle Valley, it said.

While the company is spending 350 crore in operationalising the E Cycle Valley, the vendors are bringing in an estimated 400 crore, it further said.

Additionally, Hero Motors Company plans to further invest 300 crore over the next couple of years.

"While Hero E Cycles factory augments our production capacity of premium bicycles and E Cycles for the global market, the Suppliers' Park at Hero E Cycle Valley will localise production of premium components to enable production of hi-end bikes in India," said Pankaj M Munjal, Chairman and Managing Director, Hero Motors Company.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 13 Apr 2021, 16:48 PM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.