Hero MotoCorp announces investment of Rs. 10,000 crore
To create next generation of mobility solutions
At the Hero World 2020 which is being taken place at Jaipur, Dr. Pawan Munjal, Chairman, Hero MotoCorp unveiled the company’s vision towards mobility, innovation and technology. Speaking at the event he 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.
Investment to be utilised towards:
• R&D of alternative mobility solutions
• Modern, state-of-the-art & sustainable manufacturing facilities
• Network expansion
• Brand building
He further mentioned that the company will be making investments into the R&D for developing next generation of mobility solutions. “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 utilised 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’,” he concluded.