Hero MotoCorp to launch 10 new models every year till 2025 to consolidate leadership position

The country’s largest two-wheeler manufacturer Hero MotoCorp Thursday said it will launch 10 new models every year till 2025 to consolidate its leadership position in the Indian market.
The launches will include new products, variants, refreshes and upgrades. This is the 20th straight year that Hero MotoCorp managed to retain the title of the world’s largest two-wheeler manufacturer.

The company, which touched the cumulative production milestone of 100 million units Thursday, also has set for itself a steep growth target for markets outside India. It will continue to grow its operations in these markets and also enter key markets in new geographies.

Hero MotoCorp Chairman Pawan Munjal said, ““We are going to continue to ride our growth journey. In keeping with our Vision to ‘Be the Future of Mobility’ we will be launching a host of new motorcycles & scooters over the next five years, in addition to expanding our global footprint. We will also continue to invest in R&D and focus on new mobility solutions.”

Munjal Thursday outlined the company’s plans and vision for the next five years to a global audience which included customers, dealers, distributors, investors, suppliers, employees, customers.

The 100 millionth bike - the Xtreme 160R - was rolled-out of the company’s manufacturing facility in Haridwar, in the northern Indian hill state of Uttarakhand. Hero MotoCorp’s achievement of this landmark is one of the fastest global achievements of the 100 million cumulative production mark, with the last 50 Million units coming in a span of just seven years, the company said in a statement.

“This significant landmark is also an affirmation of the inherent capabilities in India and Hero’s Brand appeal. We have been making in India, for the world – and this milestone is an acknowledgment of the customers’ preference for Hero across geographies, demographics and generations”, Munjal added.