Country' largest two-wheeler maker Hero MotoCorp today said it plans to enter 50 new markets by 2020 with a target of 20 manufacturing facilities across the globe and an overall annual turnover of Rs 60,000 crore.
As part of its ambitious global expansion plans, the company said it will have six assembly lines spread across three continents by next year.
"We will be selling in 50-plus countries by 2020. To top it all, I am talking of an annual turnover of Rs 60,000 crore," Hero MotoCorp Managing Director and CEO Pawan Munjal told reporters here at the company's plant.
In the fiscal ended March 31, 2013, the company's turnover was around Rs 24,000 crore, he added.
Hero eyes 50 new markets, Rs 60,000-cr turnover by 2020