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Tuesday, Apr 02, 2002

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Hero Honda, `world's largest 2-wheeler co'

Our Bureau

Mr Brijmohan Lall Munjal , CMD, Hero Honda Motors Ltd, with the company's Director and CEO, Mr Pawan Munjal, in the Capital on Monday.

NEW DELHI, April 1

HERO Honda Motors Ltd today said it has now become the world's largest two-wheeler company selling over 14.25 lakh motorcycles in 2001-02 financial year.

The company had sold about 10.3 lakh motorcycles in 2000-01 and is planning to sell over 15 lakh vehicles in the current financial year.

Hero Honda's motorcycle model, `Splendor', is already the world's largest selling two-wheeler.

The company is an 18-year-old joint venture between Japan's Honda Motor Co and the Hero group, both holding 26 per cent equity stake each.

Its popular motorcycle models include the CD100, CD100SS, Splendor, Joy, Passion and the CBZ. It had phased out models such as Street and Sleek. Hero Honda plans to push its production capacity beyond the two-million mark by adding a new third plant for which feasibility studies are on.

It would also be launching two new products in the coming year for which the engine capacity and price points are yet to be decided.

During the current financial year, the company is targeting a revenue of $1 billion.

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