50 Manufacturing Companies – Hero Motocorp

Hero Motocorp announced the setting up of its first R&D centre near Munich in Germany. A wholly-owned subsidiary of Hero MotoCorp Ltd, Hero Tech Center Germany GmbH, is located at Stephanskirchen near Munich. It will operate in tandem with Hero’s Global R&D hub, the centre of innovation and technology in Jaipur. It will focus on development of new vehicle concepts and future technologies in close cooperation with the teams at the centre in Jaipur. It will also be the epicentre for Hero’s motorsport team—the Hero MotoSports Team Rally that has put India on the global map of motorsports in a short span of time—and will facilitate all rally participation activities, including new product development for the team.
Hero’s most recent two-wheeler launch is the Destini 125, the first 125cc scooter from Hero MotoCorp. The Destini 125 continues to receive an overwhelming response from customers, while the Hero Xtreme 200R has also generated decent volumes in its segment. Hero intends to launch several new products in the next few months, possibly including the Hero XPulse and its variants, as well as the next 125 cc scooter, the Hero Maestro Edge 125.
The company sold 17,98,905 two-wheeler units during December quarter. Revenue of the company increased 7.53% YoY to Rs 7,864.82 crore in Q3FY19.