Hero Honda, a major two-wheeler manufacturer has now plans to set up a fourth manufacturing unit in the Baddi-Barrotiwala-Nalagarh industrial belt of Himachal Pradesh, as it is projecting that it will exhaust its installed capacity in the current fiscal year. The world’s largest two-wheeler maker by volumes has sought the Himachal Pradesh government’s help in acquiring land for the project, which includes a mother plant and ancillary units. According to a senior official, the company has sought the state government’s help to acquire around 2,000 bighas of land.
The company is keen on the site in the Solan district, which is connected by road with major markets in north India. In the last few months, Hero Honda executives have been surveying some locations in Sirmaur and Solan districts of the hill state.
The company’s current 5.4 million units capacity is likely to be exhausted in the current fiscal year as the sector is booming on the back of robust economic growth in the country. Hero Honda sold over 4 million two-wheelers in the year to March 2010 and is looking to breach the 5-million mark in the current fiscal.
The company is keen on the site in the Solan district, which is connected by road with major markets in north India. In the last few months, Hero Honda executives have been surveying some locations in Sirmaur and Solan districts of the hill state.
The company’s current 5.4 million units capacity is likely to be exhausted in the current fiscal year as the sector is booming on the back of robust economic growth in the country. Hero Honda sold over 4 million two-wheelers in the year to March 2010 and is looking to breach the 5-million mark in the current fiscal.
~ATHUL~
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