New Delhi, July 24 -- Hero MotoCorp Ltd and Bajaj Auto Ltd plan to sharply expand two-wheeler production amid a sustained recovery in demand in rural and semi-urban markets since the easing of the lockdown, three people familiar with the matter said.
Hero MotoCorp's senior management informed its vendors about the plan to ramp up manufacturing to 650,000-700,000 vehicles a month at a meeting last week, one of the three people cited above said on condition of anonymity.
India's largest two-wheeler maker expects demand to sustain till at least the festive season, the person said.
"Hero is really bullish about increasing production. In July, it might touch pre-covid levels. The challenge though will be to keep increasing production amid the...