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Hero Motocorp
Volume outlook
Management highlighted that growth rates would moderate over 2H, given a
demanding base effect. They expect FY12E sales to come in at 15%.
Capacity expansion
The OEM is ramping up capacity to 7M units by FY12. Their new Greenfield plant
would come up in FY13.
The management is ramping up its R&D headcount to c.200 engineers. They will
work with engine development companies such as AVL Austria for their
powertrains.
On exports
The management has identified Africa as its growth market, however they are yet
assessing the various markets and a ramp up in exports is yet a while away.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Hero Motocorp
Volume outlook
Management highlighted that growth rates would moderate over 2H, given a
demanding base effect. They expect FY12E sales to come in at 15%.
Capacity expansion
The OEM is ramping up capacity to 7M units by FY12. Their new Greenfield plant
would come up in FY13.
The management is ramping up its R&D headcount to c.200 engineers. They will
work with engine development companies such as AVL Austria for their
powertrains.
On exports
The management has identified Africa as its growth market, however they are yet
assessing the various markets and a ramp up in exports is yet a while away.
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