Petrol Stop - Hero Honda looking for place for fourth plant

Hero Honda looking for place for fourth plant

Thursday, 11 March 2010

12 March 2010;dailypioneer.com:New Delhi:Country’s largest two wheeler maker Hero Honda on Thursday said it is conducting a feasibility study in 10 states to find the best suitable location for its fourth manufacturing facility and the decision will be taken in the next six months. “There would be at least 10 states we would be looking at, at this moment. We are looking at the whole country as a clean slate,” Hero Honda Managing Director Pawan Munjal told reporters on the sidelines of Hero Groups Mindmine Summit here. When asked about his meeting with the Karnataka Chief Minister for setting up the plant in the state, he said, “Yes we met the Karnataka Chief Minister...I thought they were very open for us to go to the state. It was just a request from the Chief Minister to have breakfast with him, so we did.” The company is also considering Rajasthan for the proposed plant, for which the state government had earlier promised to allot land but is now facing protest from the locals. Talking about the plant, Munjal said, “the feasibility study would come up with capacity, investment, models and the location. It is going to take us six months to take the final call.”