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Hero MotoCorp to invest Rs. 10,000 crore in R&D

According to a media report, Hero MotoCorp is planning to invest Rs. 10,000 crore in research and development of next generation products.

It has been reported that over the next 5-7 years, Hero MotoCorp aims to develop alternative mobility solutions. The bike maker also plans to utilize the fresh investment for network expansion and brand building as well as to develop sustainable manufacturing facilities.

Earlier this week, Hero MotoCorp showcased the new Glamour 125, Passion Pro and the Xtreme 160R at the Hero World 2020 event. The bike maker expects to reach a new production milestone of 100 million units later this year.

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