Hero Motocorp planning new facilities in Halol and Dharwad

Hero MotoCorp is reportedly expected to announce plans to set up its fourth plant in Gujarat in March itself, even as talks speed up for a fifth facility likely at Karnataka.

The report stated that in a deal that has already been 'finalised with the Gujarat Government,' the company is likely to invest about Rs 1,200 crore for a two-million-unit capacity plant set up over two phases. Chosen because of the proximity to ports, the location is a 300-acre plot close to General Motor's car plant in Halol, Central Gujarat.

Within the month, the company will be making the announcement for the new plant. It will get to those levels (as Haridwar plant's 2.5 million unit annual capacity), but will have modular capacities.”

According to the report, for the fifth plant expected to focus on the south Indian market, a 500-acre plot near Tata Motor's plant at Dharwad, Karnataka, has been offered by the Karnataka Government.