Hero MotoCorp reportedly to invest Rs. 25.8b to set up two new plants and for expanding existing factories.
According to reports, investment to raise capacity to 9m units a yr from 7m now.Two new plants to be ready by 2Q of FY14.
Rs. 25.8b rupee investment includes 11b rupees in new Gujarat plant, 4b rupees in Rajasthan and 4b rupees in R&D unit in Rajasthan. It also plans to start exports to countries in central America, Africa by end of next quarter, reports added.