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January 17, 2007 18:23 IST
Just as Hero Honda celebrated being the 'number one two-wheeler company' in the world for the sixth straight year, its numero uno status has been challenged by China South, the state-run bike producer of the Dragon country.
The Chinese motorcycle maker claimed it had an annual production capacity of five million units and thus became the largest producer in the world.
The motorcycles made by the company include brands such as Jialing, Jianshe, Dayang and Jinan Qingi, which are sold over 100 countries, a report by Xinhua said, quoting the company's vice-general manager Li Shouwu.
The report said China South's asset value and sales revenue have both exceeded $12.66 billion. On the other hand, Hero Honda on Wednesday carried a media campaign across dailies claiming it had become the 'Number One' two- wheeler company in the world for the sixth year in a row.
Hero Honda said it had achieved highest unit sales among two wheeler companies in the world in 2006. The company added 32 lakh new customers during the year, it said.
When contacted, company officials were not available for comments. The company has been undertaking a capacity expansion and last year announced that it would be investing Rs 1,900 crore (Rs 19 billion) in Uttaranchal for setting up a new plant along with ancillaries with an initial production capacity of 5 lakh units and ultimately scale it up to 15 lakh by 2010.
This year, Hero Honda planned to have an annual production capacity to 44 lakh units.
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