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Hero MotoCorp surges on commencing operations in Colombia

07 Jul 2014 Evaluate

Hero MotoCorp is currently trading at Rs. 2623.00, up by 40.30 points or 1.56% from its previous closing of Rs. 2582.70 on the BSE.

The scrip opened at Rs. 2588.00 and has touched a high and low of Rs. 2625.00 and Rs. 2586.30 respectively. So far 3704 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2775.05 on 16-May-2014 and a 52 week low of Rs. 1636.00 on 05-Jul-2013.

Last one week high and low of the scrip stood at Rs. 2690.80 and Rs. 2574.15 respectively. The current market cap of the company is Rs. 52324.12 crore.

The promoters holding in the company stood at 39.92% while Institutions and Non-Institutions held 38.83% and 21.25% respectively.

Hero MotoCorp (HMCL), the world’s largest two-wheeler manufacturer, marked yet another significant milestone in its journey to global expansion-the formation of its wholly-owned subsidiary in Colombia and the commencement of a state-of-the-art manufacturing plant in the country. The company has taken this step keeping with its vision of expanding its global footprint to as many as 50 countries by 2020.  

With a project cost of $70 million, HMCL will invest $38 million in capex, with the rest being utilized as working capital over the next three-year period. The equity investment will be made through HMCL’s wholly-owned subsidiary in the Netherlands, ‘HMCL BV’.

The state-of-the-art manufacturing plant - spread over 17 acres (68,000 sq meters) of land at the Parque Sur Free Trade Zone at Villa Rica in the state of Cauca - about 500 km south-west of Bogota - is expected to go on stream by the middle of calendar year 2015 with an initial installed capacity of 78,000 units. This will go up to around 150,000 units in the second phase. With this, the New Delhi-headquartered company will be the first Indian two-wheeler company to have a manufacturing plant in Latin America.

Hero MotoCorp Share Price

5266.35 5.50 (0.10%)
22-Apr-2026 11:49 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9725.00
Hero MotoCorp 5266.35
TVS Motor 3712.00
Eicher Motors 7183.80
Ather Energy 896.45
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