BL reported that Hero MotoCorp Ltd, the new avatar of Hero Honda Motors Ltd plans to set up two new plants one in the South and the other in the West and a parts distribution centre in Rajasthan.

Mr Pawan Munjal MD and CEO of Hero MotoCorp told journalists that the company was in discussions with a State Government in the South and would shortly announce the location of the new plant.

He declined to name the State with which the company was negotiating. The plant would have an initial capacity of 750,000 units a year. The company's total capacity at its three plants two in Haryana and one in Uttarakhand is about 6.15 million units.
The plant in the western region would follow subsequently and would also be used for Hero MotoCorp's global foray.

As per report the company plans to begin exporting its products in the next two quarters itself, under its own brand name.

(Sourced from BL)