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
  • Automobile Maintanance Related
    GLOSSGARAGE CAR CARE is a car and bike detailing centre..
    Locations looking for expansion Rajasthan
    Establishment year 2015
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Ayurvedic, Herbal & Organic Products
    An ISO 9001 :2015 Certified company was incepted in the year..
    Locations looking for expansion Madhya pradesh
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
  • Others Health Care & Fitness
    We are a healthcare company committed to making a difference..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • About Us: We began our journey in 2012 and held our..
    Locations looking for expansion Haryana
    Establishment year 2016
    Franchising Launch Date 2020
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities