India's largest two-wheeler manufacturer, Hero MotoCorp, has earmarked an investment of Rs 160 crore on Global Parts Centre (GPC) at a 35-acre plot at Neemrana, Rajasthan, as mentioned in a media report. The GPC is expected to go live in the third quarter of 2013-14, with employee strength of 400 personnel. This development is in addition to the earlier investment plans, amounting to Rs 2500 crore for setting up two new plants in Gujarat and Rajasthan and also for expanding capacity at existing plants and building an integrated R&D centre.
The company, on standalone basis has posted a rise of 10.32% in its net profit at Rs 615.46 crore for the quarter ended June 30, 2012 as compared to Rs 557.89 crore for the same quarter in the previous year. Total income has increased by 9.95% at Rs 6247.28 crore for quarter under review as compared to Rs 5681.73 crore for the quarter ended June 30, 2011.
Company Name | CMP |
---|---|
Bajaj Auto | 9418.35 |
Hero MotoCorp | 5495.00 |
TVS Motor | 2344.00 |
Eicher Motors | 4707.75 |
Atul Auto | 586.20 |
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