Hero Motocorp to make 12 mn two-wheelers a year

Gurgaon, Aug 8 : Hero Motocorp said Thursday its annual production capacity will reach 12 million units manufactured in over 20 facilities all over the world.

Managing director and chief executive Pavan Munjal said the company by the year 2020 will sell its products in over 50 countries and have an annual turnover of Rs.60,000 crore.

Further, the company is aiming to achieve an EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) margin of 20 percent, Munjal said on the sidelines of an event to mark the production of the company's 50-millionth two-wheeler here at its Gurgaon plant.

--IANS (Posted on 08-08-2013)

business-india-news headlines

PepsiCo launches free talk time offer

TCS, Twitter launch app to track Indian Elections

India's software market grew at 10pc in 2013: Research

Anand Mahindra, Banmali Agrawala, Ellen Lord named USIBC directors

Sigvaris appoints NovoMed as distributor in India

AGP launches talent division

Hotel Sahara Star honoured with award

eBay, CAIT partner to benefit Indian traders

Wipro ups IT revenue forecast for first quarter

Germany's SCHOTT cleared of anti-competition charges

Wipro net up 41 percent in Q4

Sensex up 352 points; IT, bank stocks gain

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top