Hero Honda Motors has planned to invest Rs.500
crore in setting up a new manufacturing facility. The location of the proposed
unit -- the company's third after two in Haryana -- is yet undecided. The plant,
which will come up in phases with initial investment of Rs.300 crore, is likely
to come by end-2006.
Hero Honda has two manufacturing plants at
Daruhera and Gurgaon in Haryana with a combined capacity of three million units
per year.
Also See:
Hero
Honda plans expansion (06-Jun-05)