Article: Hero Honda to set up new plant in Uttaranchal.

Hero Honda to set up new plant in Uttaranchal

New Delhi, Aug 8 (PTI) Hero Honda today announced a new plant in tax-haven Uttaranchal to be operational by May 2007, where the auto major will invest Rs 1,900 crore along with ancillaries by 2010.

The company, which currently has two plants in Haryana, said the Uttaranchal plant would start with an initial capacity of 5,00,000 units to be scaled up to 15 lakh by the year 2010.

The Hero Honda plant and its main ancillaries would be located on a 275-acre plot in the Integrated Industrial Estate in Haridwar, being developed by State Industrial Development Corporation of Uttaranchal Ltd. The company ...

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