“We expect that our plant in Bangladesh will go on operation between February and March,” Vikram S Kasbekar, head of operations and supply chain of the Hero MotoCorp Ltd, told a group of visiting Bangladeshi journalists in its factory at Hariyana’s Gurgaon.
He said the construction work of the factory in Jessore is going on in full swing now.
The Indian motorbike manufacturer in partnership with Nitol-Niloy Group is setting up the plant on a 12.35 acre land at Noapara of Jessore with the target to produce about 150 motorcycles a day.
He said: “Bangladesh has an annual market of half a million motorcycles. We will later expand the production to 250 motorcycles per day.”
Initially Hero is investing some $29m in its second overseas factory. Its first plant which is in Colombia, went in operation in 2015, Kasbekar said.
Noting that Hero motorcycles are being exported to 32 countries, he said it had secured the position of the largest two-wheeler manufacturer in the world by selling around 6.64 million motorcycles last year.
Besides, the company has 52.4% share in the domestic motorcycle market.
In the mid-1980s, its annual production was only one million but now it is producing about 67 million for the last three decades.
More than 7,000 motorcycles can be manufactured in the Gurgaon factory in a single day.