Hero Honda rides Splendor to be world’s No 1
India has finally got a world leader in manufacturing with “no problem”. Hero Honda Motors Ltd (HHML) has attained the distinction of being the largest two-wheeler company in the world in volume terms.
With a new factory on the anvil, it is gearing itself for Operation One Billion, targeting $1 billion revenues in 2002-03. “Next year, we will enter the (dollar) billionaire’s club (in revenues). After Operation Million for volumes in 2001-02, our slogan for the next year is Operation One Billion, said Mr Pawan Munjal, Director & CEO, HHML.
The distinction of being the largest two-wheeler company in the world came in the calendar 2001, with sales rocketing past the one million mark in the first nine months of the current fiscal. This performance was in conjunction with Splendor, launched in 1995, becoming the world’s largest-selling bike.
In the calendar 2001, of the 1.3 million units of motorcycles, HHML sold a total of 7,19,000 units of Splendor. For the current fiscal ending March 2002, HHML has revised its volume target for motorcycles to 1.4 million units.
The company is also planning to increase its manufacturing capacity with a third factory in the next fiscal. “In order to proactively and effectively meet the increasing consumer requirements, we are also planning a third plant to increase capacity beyond two million motorcycles,” informed Mr Munjal. HHML is undertaking an in-house feasibility study for the proposed third factory.
While commenting on the partnership with Hero Group, Mr Yoshihide Munekeni, chairman & representative director, Honda Motor Co, Japan, said, “Honda hopes to provide more Indian customers with satisfaction and contribute further to the Indian society in collaboration with Hero Honda and Honda Motorcycle and Scooter India Pvt Ltd.”
In the same vein, Mr Brijmohan Lall, CMD, HHML, added that “to meet the current and future needs of customers, we have submitted to Honda a product plan for 10 new two-wheeler models over the next five years and, of these, three products are already in the pipeline”. To support these initiatives, expansion in R&D functions in India is on the cards.
India has finally got a world leader in manufacturing with “no problem”. Hero Honda Motors Ltd (HHML) has attained the distinction of being the largest two-wheeler company in the world in volume terms.
With a new factory on the anvil, it is gearing itself for Operation One Billion, targeting $1 billion revenues in 2002-03. “Next year, we will enter the (dollar) billionaire’s club (in revenues). After Operation Million for volumes in 2001-02, our slogan for the next year is Operation One Billion, said Mr Pawan Munjal, Director & CEO, HHML.
The distinction of being the largest two-wheeler company in the world came in the calendar 2001, with sales rocketing past the one million mark in the first nine months of the current fiscal. This performance was in conjunction with Splendor, launched in 1995, becoming the world’s largest-selling bike.
In the calendar 2001, of the 1.3 million units of motorcycles, HHML sold a total of 7,19,000 units of Splendor. For the current fiscal ending March 2002, HHML has revised its volume target for motorcycles to 1.4 million units.
The company is also planning to increase its manufacturing capacity with a third factory in the next fiscal. “In order to proactively and effectively meet the increasing consumer requirements, we are also planning a third plant to increase capacity beyond two million motorcycles,” informed Mr Munjal. HHML is undertaking an in-house feasibility study for the proposed third factory.
While commenting on the partnership with Hero Group, Mr Yoshihide Munekeni, chairman & representative director, Honda Motor Co, Japan, said, “Honda hopes to provide more Indian customers with satisfaction and contribute further to the Indian society in collaboration with Hero Honda and Honda Motorcycle and Scooter India Pvt Ltd.”
In the same vein, Mr Brijmohan Lall, CMD, HHML, added that “to meet the current and future needs of customers, we have submitted to Honda a product plan for 10 new two-wheeler models over the next five years and, of these, three products are already in the pipeline”. To support these initiatives, expansion in R&D functions in India is on the cards.