Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 15 2019

Hero Motors plans to invest Rs 2,000 crore by 2020

The company is developing e-bikes with Yamaha.

Hero Motors plans to invest Rs 2,000 crore by 2020

In order to scale up operations, Diversified group Hero Motors Company is planning to invest Rs 2,000 crore across its hospitality, auto components and bicycles businesses by the end of 2020. Rs 1,400 crore will be ploughed into Munjal Hospitality, while the remaining funds are earmarked for the automotive parts and bicycles businesses. 

The company is developing e-bikes with Yamaha. It is also planning to acquire a 30% stake in a German e-bike manufacturer. 

Pankaj M Munjal, Managing Director of Hero Cycles, said, "We will launch the e-bikes we are developing with Yamaha towards the middle of this year. Separately, we are also in the process of picking up stake in a German e-bike manufacturer. The final agreement should be signed this financial year. For us, the future lies in e-bikes." 

"The market for e-bikes in India is currently minuscule, but holds immense potential. The venture should generate revenue of Rs 2,000 crore over the next few years," he added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: Planning for a low-cost business to start? SQAC franchise..
    Locations looking for expansion Goa
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 50000 - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater North Goa Goa
  • Furniture/Home Decor & Furnishing
    About us Hawamahal, a retail chain from the house of S&S..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar Pradesh
  • Fine Dine Restaurants
    About Us: Bikkgane Biryani has made it our goal to serve..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Clinics & Nursing Homes
    ·         ServElder has wide experience in providin..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities