Hero MotoCorp opens new R&D centre in Jaipur

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Published: March 11, 2016 12:48:44 AM

Two-wheeler market leader Hero MotoCorp is aiming at reducing its expenses on development of products while it reduces dependence for technological inputs as it inaugurated a new research and development centre on Wednesday.

Two-wheeler market leader Hero MotoCorp is aiming at reducing its expenses on development of products while it reduces dependence for technological inputs as it inaugurated a new research and development centre on Wednesday.

Called the Centre of Innovation and Technology has been built in Jaipur at a cost of R850 crore over the past two years.

“So far we have been importing technology for our new products. To that extent, when we roll out a product developed in our own facility, it definitely will be much more economical,” Hero MotoCorp chairman and chief executive officer Pawan Munjal said, when asked of the gains in product development through the new facility.

According to the company’s latest annual report, it made total royalty payments of R121.41 crore for 2014-15 compared to R116.67 crore in the year ago period.

“Our target from this facility is to be self-sufficient,” Markus Braunsperger, Hero’s chief technology officer said. However, any new product, completely developed at the facility can be expected only in 3-4 years, he said.

Spread over 247 acres, the facility will have the advantage of having all the aspects of research and development like product design, development, testing and validation at a single place. The facility also has a 16 km long test track. The centre currently has around 500 engineers working at the new centre and the company plans to hire another 100 engineers.

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