Hero MotoCorp to invest Rs 10,000 crore in technology, electric vehicles, manufacturing (2020)

 

  • Hero MotoCorp to invest Rs 10,000 crore in technology, electric vehicles, manufacturing (2020)

  • Hero MotoCorp to invest Rs 10,000 crore by 2027 in R&D

  • Hero MotoCorp has lined up an investment of Rs 10,000 crore in the next five-seven years towards product development, new manufacturing facilities and network expansion, as part of efforts to hold on to its market leadership position while strengthening its presence overseas.
  • For H1FY25, the consolidated numbers for Revenue and PAT were Rs. 20,694 Crore and Rs. 2,099 Crore, respectively.
  • Volume – 30.55 lakh units of motorcycles and scooters sold in H1 FY’25 (Vs 27.69 lakh units Q2 FY’24) 
  • H1FY25 basis, the EBITDA margin expanded over the previous year by 50 bps and stood at 14.4% 
  • Entered Southeast Asian geography by commencing operations in the Philippines   
  • Munjal also stressed on the company's ambition to become a force to reckon with in global landscape and said the company is now exporting to over 40 countries as compared to just four when it started the solo journey in 2011.     

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