Gujarat to welcome a new entrant in auto industry
Close on the heels of Nano’s entry, the state of Gujarat gets the fame as Hero Honda rides with pomp. The facility, at an investment of Rs800 crore, will deliver green impact to the state through the bikes. However, the initiative is yet to be confirmed by Hero Honda because there has been no final settlement regarding any project. Feasibility study is on at the preliminary stage.
Negotiations at higher level are getting shape between the company and the senior officials of the government of Gujarat. The ideal location, from the company’s view, is Jhagadia industrial estate in the state. Once anything materializes, the company, which holds 59% of the market share, will start producing its premium bikes Splendor, Hunk, CBZ, Karizma and Glamour.
Meanwhile, search is on for better industrial locations to carry out the project despite the company officials expressed their nod for the Jhagadia plant. Whichever be the location, it would be Hero Honda’s fourth facility in the country with sophisticated line up, while the other three being Dharuhera, Gurgaon and Haridwar. To expand its activities, Hero Honda has been searching location in the southern India, especially Karnataka. This came in the wake of a road show conducted by the Karnataka government to attract companies to invest in the state.