Hero Honda expects decline in Demand
Modified On Jun 2, 2015 12:00 AM By Team Bikedekho for Hero Splendor Plus
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Hero Honda, the leading bike maker of India has as always been proving itself in its specified field leaving behind all the competitors with a perfectionist attitude. The well know enterprise, Hero Honda is planning to invest an amount of Rs.115 crore in order to add around 3,00,000 units per year to the company's Haridwar plant situated in Nothern India by the month of January'2011. The main aim of the largest two-wheeler producer of India is to raise its sale by 12% annually for the next three years. The Indian Banks as have been raising their interest rates on the loans being provided in order to fight the inflation period to which India has been going through, the effects could also be seen to the popularly known Indian motor bike manufacturer, Hero Honda, as the organisation is expected to diminish its demands in the market.
As a result, the company may also loose its grip over the market as the rivals or the competitors may come up with some new and reformed product.As the well known fact about the most popular enterprise in India is that it has been proving excellence time to time in the field of technology with its all new and reformed product's presentation to the market fulfilling the customer's requirements. It has been the all time favourite of the bikers accommodating them with the most stylish and comfortable models.
Making itself as the biggest manufacturer of the world through all these years working constantly to the best of its ability so as to firm its position reaching the irrefutable position, the company unfortunately is now forced to low down its demand in the market would prove to be a graet set-back to the best selling enterprise. The company has taken an admirable stand as both a social and environment friendly Enterprise. The fact could be driven from the sales of its products that where every second bike sold in India is a Hero Honda bike.