Rs.10,000 Crore Investment Announced By Hero MotoCorp

Image1Dr. Pawan Munjal, Chairman, Hero MotoCorp

At the recently held Hero World 2020, the Company reiterated its commitment to remain at the forefront of mass mobility, by showcasing to the media three new products, a world-class product accessory, and a display of the entire global product portfolio of Hero MotoCorp – the world’s largest manufacturer of motorcycles and scooters.

This was followed by the showcasing of several product concepts and business initiatives that showcase the seeds of its vision for the future of mass mobility, and provided a glimpse into the universe of Hero MotoCorp including the R&D labs, test-tracks, and technology.

Dr. Pawan Munjal, Chairman, Hero MotoCorp said: “Sustainability and responsible growth remain at the core of Hero MotoCorp’s technology, innovation and global expansion plans. With Hero World 2020,we have curated a novel and unique approach to showcase our future technologies, products and services.

“Over the next 5-7 years, we are aiming to create the next generation of mobility solutions that are relevant to customers across the world. To this end, we have earmarked an investment of Rs. 10,000 Crore along with our ecosystem, which will be utilized towards research and development of alternative mobility solutions, modern, state-of-the-art, sustainable manufacturing facilities, network expansion, and brand building across the globe.

“We are an ever-evolving, youth-centric, innovation led brand, that has remained the market-leader for nearly two-decades now, and yet we are not resting on our laurels. As we enter a new decade, we are aiming at ushering in the next wave of mass mobility that is accessible, convenient and environment-friendly, which is aligned with our rejuvenated Vision of ‘Be The Future of Mobility’.

The showstopper among the new products unveiled was the new Hero Xtreme 160R, which further strengthens the Company’s fast-growing presence in the premium motorcycle segment. TheXtreme 160R– that marks Hero MotoCorp’s entry into the popular 160cc motorcycle category – is an attractive product for youth, with its Xtreme performance, head turning aesthetics and agile handling.

Giving a complete makeover to the Passion brand, the company also launched the new modern and vibrant Hero Passion Pro. Packed with a 110cc BS-VI engine, the Passion Pro is attractively priced at Rs.64,990 (Self-drum Alloy) and Rs. 67,190 (Self-disc Alloy), ex-showroom Delhi.

The third product to be launched was the Hero Glamour 125cc, marking the generational upgrade of the motorcycle. The new Hero Glamour now comes equipped with a more efficient and sturdier BS-VI engine and will be available at Rs.68,900 (Self-drum Alloy) and Rs. 72,400 (Self-disc Alloy), ex-showroom Delhi.

Providing even more excitement for enthusiast and building on the cult of XPulse 200, Hero MotoCorp also launched the Hero XPulse 200 Rally Kit. Available as a complete kit for aspiring racers at Rs 38,000, the Rally Kit will be retailed at selected dealership from March onward. The Rally Kit adds to the XPulse 200’s supreme off-road capability and makes it the ideal motorcycle for amateurs and enthusiast to take-up off-roading.

Malo Le Masson, Head – Global Product Planning, Hero MotoCorp, said, “Constant innovation and cutting-edge technologies remain the hallmark of Hero MotoCorp. The new products and technologies showcased today display our pursuit to offer the most exciting, innovative and efficient products and technologies to our customers in markets across the world. The journey doesn’t stop, here we plan to strengthen our portfolio further and expect more exciting surprises in the future.”

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