The world’s largest two-wheeler manufacturer has revealed an aggressive investment plan designed to enable the company to ride the mobility wave on two wheels. Hero MotoCorp today kicked off ‘Hero World 2020’, a first-of-its-kind three-day event attended by global media, investors, dealers from India, supply chain partners and global distributors, at the state-of-the-art R&D hub of Hero MotoCorp, the Centre of Innovation and Technology (CIT) in Jaipur.
Hero MotoCorp took the covers off three new products – the Glamour 125 with 19% more pep in power, 5-speed ‘box, priced at Rs 68,900; the 2020 Passion Pro with more style, power, fuel efficiency and priced at Rs 64,990; and the new Xtreme 160R with class-leading power-to-weight ratio with 138.5kg and 15hp.
This was followed by the showcasing of a number of 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.
“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’, said Dr Pawan Munjal, Chairman, Hero MotoCorp
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.”