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Hero Motocorp launches its operations in Bangladesh

21 Apr 2014 Evaluate

Hero MotoCorp, the country’s largest two-wheeler maker has launched its operations in Bangladesh through a Joint Venture (JV) with the reputed Nitol Niloy Group. Hero MotoCorp has rapidly expanded its global footprint, this is the company's first overseas joint venture to set up a two-wheeler manufacturing plant outside of India, since it commenced its solo journey almost three years ago.

Hero will hold majority stake of 55% in the new JV while the Nitol Niloy Group will hold the rest 45% stake. There will be a total equity injection of $12.6 million in a ratio of 55:45 over a period of two years. The new venture will have a CAPEX of $ 23.2 million in the first year of its operation (Financial Year 2014-15) and a total investment of $40 million over the next five years.

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

5281.60 52.35 (1.00%)
20-Apr-2026 16:59 View Price Chart
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