Hero MotoCorp rises on inaugurating its first global manufacturing facility in Colombia

Hero MotoCorp Ltd. | Automobile Two & Three Wheelers | Automobiles | BSE: 500182 | NSE: HEROMOTOCO

09 Sep 2015 Evaluate

Hero MotoCorp is currently trading at Rs. 2361.50, up by 44.20 points or 1.91% from its previous closing of Rs. 2317.30 on the BSE.

The scrip opened at Rs. 2328.05 and has touched a high and low of Rs. 2369.80 and Rs. 2328.05 respectively. So far 7511 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3271.80 on 01-Dec-2014 and a 52 week low of Rs. 2252.00 on 08-May-2015.

Last one week high and low of the scrip stood at Rs. 2369.80 and Rs. 2259.10 respectively. The current market cap of the company is Rs. 47088.31 crore.

The promoters holding in the company stood at 34.64% while Institutions and Non-Institutions held 51.89% and 13.47% respectively.

Hero MotoCorp (HMCL), the world’s largest two-wheeler manufacturer, has inaugurated its first global manufacturing facility at Villa Rica, in Colombia. Completed in a little over nine months since construction began, the Colombia plant is Hero's 5th manufacturing facility, in addition to four assembly plants in India. This Plant will act as a hub for selling to the Andean countries. It can also be a strategic base for shipping to North American markets such as Mexico and the US.

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, the plant will have an initial production capacity of 80,000 units per annum. This capacity will be expanded to produce 150,000 units per annum, in the next phase. The plant has been built at a project cost of $70 million of which $38 million has been utilized in CAPER and rest will be used as working capital over the next few years.

The new plant will manufacture HMCL's best-selling and globally successful range of motorcycles and scooters. The plant will manufacture ten products from the IIMCL portfolio, including the all-new scooter Dash which was also unveiled here today as part of its global launch. With the commencement of operations at the manufacturing plant in Colombia, the New Delhi-headquartered Hero MotoCorp has become the first Indian two-wheeler manufacturer to set-up a manufacturing plant in Latin America.

Currently Hero sells its range of two-wheelers through 160 outlets spread across 133 cities and towns in the country. Hero has rapidly augmented its network by adding 69 outlets in 2015 alone. Some of the bestselling Hero products include - the 100cc Splendor iSmart, Eco Deluxe, and Passion-Pro; the 125cc Glamour; the 150cc Thriller and the 225c Karizma ZMR. Hero is also the only two-wheeler manufacturer to offer a 4 year warranty on all its models.

Hero MotoCorp Share Price

4817.70 -78.85 (-1.61%)

29-Jun-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Auto	9628.15
Hero MotoCorp	4817.70
TVS Motor Co	3460.50
Eicher Motors	7439.95
Ather Energy	1082.50
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