Hero MotoCorp launching 15 new products in FY17; Hero iSmart Passion Pro, New Achiever and Super Splendor coming this festive season
The leading two-wheeler manufacturer in the country, Hero MotoCorp, has plans to introduce 15 new products during this financial year between 2016 and 17 in the Indian as well as foreign markets where it has significant presence. A report from ET Auto said, a key person from the company has confirmed this matter on Wednesday.
Hero MotoCorp is currently developing new working prototypes across different segments in the market as it wants to make its mark beyond entry-level space in the domestic as well as global scenes. Hero has been said to utilise the upcoming festive season to garner more customers as most of them will prefer to buy new motorcycles with attractive discounts and offers.
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Therefore, three new products will be launched before the festive season said Chairman, MD and CEO Pawan Munjal. It includes a new version of the 150cc commuter Achiever, Passion PRO with start-stop i3S technology and new Super Splendor. Hero launched its first in-house built iSmart Splendor 110 earlier this year and could be looking to leverage the technology across the range.
Munjal also said that the about-to-be-opened plant in Gujarat will be functional starting from the third quarter of this fiscal, that is sometime in the beginning of next year. During the fourth quarter, the Bangladesh plant, which is the second global facility following Colombia, will be operational as well.
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Expanding its international presence, Hero has appointed distributor for Argentina as market launch will happen in first month of 2017 while sales in Nigeria will begin soon. Munjai is expecting double digit sales growth this fiscal with more customers likely to be lured in the forthcoming festive season. As Bharat Stage IV emission regulations are about to be implemented, the company is facing tough tasks to build its motorcycles complying to the advanced BS VI norms by the end of this decade.
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Source: ET Auto