s6 hero motocorp
Post on 19-Jan-2015
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DESCRIPTIONBy Amit Anand PGP 2012-14
- 1. ByAmit Anand (PGP 2012-14)
2. Dharuhera and Gurgaon plants has R&D units as well as Sourcing, Supply chain & Vendor development teams 3. Strategic future plans 4. Future plans.. The company has a stated aim of achieving revenues of $10 billion and volumes of 10 million two-wheelers by 2016-17 This in conjunction with new countries where they can now market their two-wheelers following the disengagement from Honda, Hero moto corp hopes to achieve 10% of their revenues from international markets To cope with the new demand the company was going to build their fourth factory in south India and their fifith factory in Western India 5. R&D centre in kukas, Rajasthan 6. 450 crore R&D centre of excellence near Kukas, Jaipur More than 600 engineers working on Hero's future product line-up With the company spreading its manufacturing base to more than 20 locations across continents by 2020, they really need such a centre to scale up their technological prowess. It plans to commence operations by 1st quarter of calendar year 2015 7. Mr. Erik Buell of Erik Buell Racing (EBR), US; Mr. Alberto Strazzari of Engines Engineering, Italy and Mr. Markus Feichtner of AVL, Austria. 8. EBR Racing Erik Buell Racing is a motorcycle sport company which produces street and racing motorcycles, based in East Troy, Wisconsin, USA On 2 July 2012, Hero in its first such investment outside the country, bought a 49.2% stake in EBR for $25 million. 9. AVL Austria AVL is the world's largest independent company for the development of powertrain systems with internal combustion engines as well as instrumentation and test systems. 10. Hero Moto Corp forms Joint Venture with Magneti of Italy 60:40 VentureEugenio Razelli, CEO, Magneti Marelli along with Pawan Munjal CEO of HMCL Operational by 2015, with a sales target of 15 million per year They will together invest $27 million till 2024. And targeting revenue of 100 millions in 5 years.