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Hero MotoCorp to expand its manufacturing operations to Latin America and Bangladesh

21 Apr 2014 Evaluate

Hero MotoCorp is planning to expand its manufacturing operations to Latin America and a market closer home. In this regard, the company will set up a full-fledged manufacturing plant each in Colombia and Bangladesh. The company will spend more than $150 million for the same, including on building its brand.

Moreover, the company has completed all formalities for setting up a manufacturing plant in Colombia and is in the process of incorporating a subsidiary in that country. In Bangladesh, it is likely considering a joint venture plant.

Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

Hero MotoCorp Share Price

5287.00 57.75 (1.10%)
20-Apr-2026 11:54 View Price Chart
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