Hero MotoCorp may raise their production capacity of two-wheelers in April and May in a bid to prosper in the wake of the excise duty reduction. The demand for two-wheelers might increase with the reduction in prices, making manufacturers ramp up production.
Hero MotoCorp currently produces 5.5 lakh two-wheelers a month. These comprise both the domestic sales and exports. According to reports the company might further increase the monthly production capacity to six lakh units considering that the demand for two-wheelers might go up in the coming months.
Most of the automakers are planning to make the most of the current lower excise duty rates which enabled them to lower their product rates. As a result, the companies are expecting their sales to get a fair- if not a considerable one, but at least a meager push. The sales should go up in the festive season that starts with the Navratras starting early in April.
Hero MotoCorp unveiled a slew of products at the recently concluded Auto Expo. We expect the manufacturer to launch the 2014 variants of the Karizma, Karizma ZMR, Xtreme and Pleasure this month. The Hero Dash, Dare, Xtreme Sports and the HX250R may follow suit. We hope the company also brings the much awaited Hero Impulse 250 to the Indian two-wheeler market this year.
Source: The Financial Express