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The country's largest two-wheeler manufacturer Hero MotoCorp on Friday said the company will start construction of its new plant in Gujarat soon and will start production from third quarter next year.
The company has earlier announced to spend Rs 1,200 crore for this plant.
"We are starting the construction very soon and production will start by third quarter of next year," Pawan Munjal, Vice-Chairman and Managing Director, Hero MotoCorp, told reporters here.
12 new versions
Speaking on the sidelines of the annual convention of the Society of Indian Automobile Manufacturers, Munjal said the company is also launching 12 new refreshes of products for the festive season this year.
"We have already started sending some products to the market and rest will be coming in the next few days."
The models include refresh versions of its existing scooters and motorcycles in the 100cc, 125cc and 150cc segments, he said.
The company also expects to sell better than last year during the festive season this year. It sold more than six-lakh units last year during the 40 days of festive season, he added
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