Auto Expo 2014: Hero MotoCorp to launch three new scooter models by Mar 2016
Quotes
HOME NEWS PHOTOS VIDEOS Schedule Exhibitors List EXCLUSIVE

Auto Expo 2014: Hero MotoCorp to launch three new scooter models by Mar 2016

Last Updated: Thursday, February 6, 2014, 20:52
 
 Comment 0
 
Greater Noida: Hero MotoCorp on Thursday said it will launch three new scooter models and a variant by March 2016, a move that is likely to drive up competition in the country's scooter market.

While the first model 110 cc DASH will be rolled out in the first half of the next fiscal, the 125-cc DARE will hit the road in the second half of FY 15, Hero MotoCorp managing director and chief executive Pawan Munjal said.

Bollywood actor Ranbir Kapoor unveiled the three models at the Auto Expo here. Hero MotoCorp is the second largest scooter maker in India.

However, the 100 cc ZIR model will be launched in the first half of the financial year 2015-16, Munjal said, adding a European style step-through variant of ZIR will also be rolled out.

"Having seen a much faster pace than the industry in the scooter market, we are rapidly expansing our scooter portfolio with the clear objective of attaining leadership in this segment as well. Our new range of models is a reflection of our strong technology prowess and determination to keep innovating in order to expand our global foot print," Munjal said.

Stating that today the scooter segment share in the over all scooter industry stands at 45 percent as against 10 per cent at the time of Hero MotoCorp forayed into the scooter space, Munjal said, clearly the company has played a significant part in this growth.

Munjal said that the market is soon going to grow at 30 percent and Hero MotoCorp will take full advantage of this growth.

Hero MotoCorp has scaled up the scooter production capacity to 75,000 from 60,000 a month from this quarter in view of the proposed launches of the new models, company's senior vice president for marketing and sales Anil Dua said.

Besides, the company also plans to scale up its customer touch points to 6,000 by this fiscal, he said.

PTI

First Published: Thursday, February 6, 2014, 19:51


Comments


comments powered by Disqus
Expo Schedule  
Date Business Hours Gen. Public Hours
5 Feb. Exclusively for Media -
6 Feb. Opening Ceremony -
7 Feb. 1000 Hrs - 1300 Hrs 1300 Hrs - 1800 Hrs
8 Feb. - 1000 Hrs - 1900 Hrs
9 Feb. - 1000 Hrs - 1900 Hrs
10 Feb. 000 Hrs - 1300 Hrs 1300 Hrs - 1800 Hrs
11 Feb. 000 Hrs - 1300 Hrs 1300 Hrs - 1800 Hrs
 
Exhibitors List  
Company
Ashok Leyland
Bajaj Auto Ltd
BMW India Pvt Ltd
Fiat Group Automobiles India Pvt Ltd
Ford India Pvt Ltd
General Motors India Pvt Ltd
H-D Motor Company India Pvt Ltd
Hero MotoCorp Ltd
Honda Cars India Ltd
Honda Motorcycle and Scooter India (P) Ltd
Hyundai Motor India Ltd
India Yamaha Motor Pvt Ltd
Isuzu Motors India Private Ltd
Mahindra & Mahindra Ltd
Maruti Suzuki India Ltd
Mercedes-Benz India Pvt Ltd
Nissan Motor India Pvt Ltd
Piaggio Vehicles Pvt Ltd
Renault India Pvt Ltd
Skoda Auto India Pvt Ltd
SML ISUZU Ltd
Suzuki Motorcycle India Ltd
Tata Motors Ltd
Toyota Kirloskar Motor Pvt Ltd
Triumph Motorcycles (India) Pvt. Ltd.
TVS Motor Company Ltd
VE Commercial Vehicles Ltd
Volkswagen Group Sales India Pvt Ltd
Access Matrix Technologies Pvt Ltd
Areion Motors
Audi India
Brandsquare Mkt Pvt Ltd (Sway, Changge)
Brain Programmers
Dilip Chhabria (DC Design)
DSK Motowheels Pvt. Ltd.
DYPDC
Excellon Software Pvt Ltd
Firefox Bikes Pvt Ltd
Hindustan Petroleum Corporation Ltd
Incadea India Pvt Ltd
Indo-German Chamber of Commerce
JBM India
Lohia Auto Industries
Lovely Professional University
Mega Telematics Pvt Ltd
MIT Institute of Design
Paracoat Products Ltd.
Scania
Sehgal Elmoto Ltd
Shriram Automall India Ltd.
Terra Motor Technologies
UM India Pvt Lmt
Vardenchi Motorcycles
Yokohama India Pvt Ltd

VIDEO  
Auto Expo 2014: Maruti Suzuki, Renault showcase concept cars Auto Expo 2014: Maruti Suzuki, Renault showcase concept cars
 
POLL  
Will this year`s Expo disperse the gloom surrounding auto market`s dismal performance?
      
 
 
 
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved