Tuesday, April 8, 2008

Hero Honda to invest Rs 150cr in Haridwar plant by Dec

At a time when the two-wheeler industry is going through a slowdown, market leader- Hero Honda has taken a bold step by starting a new plant in Haridwar. It is a gamble that Hero Honda is taking in its silver jubilee year.
The company will invest Rs 600 crore in the plant by December this year. A hundred ancillary makers will also set up base here over next 2 years.

The plant has started with an initial annual capacity of 500,000 units which will be ramped up to 1.5 million units by 2010. But the return on investment by Hero Honda for the additional capacity will be decided by the way the two-wheeler market behaves over the next few months.

Posted by crazyreader at 11:24 PM

Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
 
DISCLAIMER :Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only