Hero aims to touch new heights of success which is proved by their never-ending efforts to bring out more and more new products in the market. Recently, in August this year, they have registered a 28 per cent growth in their sales. The company has come up with another ambitious plan of launching 15 new products this fiscal year.
The new launches would be a part of both global and local markets in various segment as told by Pawan Munjal, MD and CEO of Hero MotoCorp. He added further telling that three new motorcycles are also on the plan to be launched before the festive season kicks in the domestic market.
Among the new launches, the new Achiever 150 motorcycle, Super Splendor and Passion PRO are included. The trio motorcycles will have the company’s patented i3S technology. The manufacturing would begin in the fourth quarter of this fiscal in their Gujrat plant.
Along with this, Hero MotoCorp has plans to begin operations in two new global markets. A distributor has already been appointed by the company in Argentina where the brand would be launched in January 2017. The sales in Nigeria would also begin soon.
Munjal also mentioned about company's plan for double-digit growth in the current fiscal along with increase in sales during the festive season. The Hero MotoCorp had inaugurated its in-house research and development centre in March this year in Jaipur. The new facility would be dedicated to work for development of new product designs, testing, manufacturing, and validation of new products.