Country’s largest two-wheeler maker Hero MotoCorp today formally inaugurated its R&D centre here, where it will develop future models with an aim to consolidate position in domestic and international markets. The centre christened as Centre of Innovation and Technology (CIT) is spread across 250 acres and has come up at an investment of Rs 850 crore.
“Our dream is to make the company number one in the world not only in volumes but in every sense. This facility here will contribute to this dream,” Hero MotoCorp Chairman, Managing Director and CEO Pawan Munjal told reporters here.CIT would help in developing bikes and scooters not only for India but for global markets too, he added. “With this facility, we aim to bring game changing innovations. This is a giant step in our relentless endeavour towards strengthening our in-house technology capabilities,” Munjal said.