| || ||Thread Tools||Search this Thread|
|1st December 2014, 17:33||#1|
Senior - BHPian
Join Date: Oct 2014
Thanked: 8,379 Times
Hero Motocorp to open new plants in Argentina & Brazil
Hero MotoCorp set the foundation stone for their plant in Colombia earlier this year. The plant is expected to begin operations mid-way through F.Y 2015-16 with an annual production capacity of 78,000 units. In a bid to further its reach in Latin American markets, Hero will also open plants in Argentina and Brazil.
Hero MotoCorp Managing Director & CEO Pawan Munjal stated that the brand plans to enter Brazil along with the 2016 Rio Olympics. The Indian two wheeler maker also plans to set up a plant in Argentina as local production will help their pricing. The plant in Colombia will make Hero MotoCorp the first Indian two-wheeler brand with a manufacturing facility in Latin America.
The Colombian plant will have its production levels scaled up to 1.5 Lakh units annually over the next 3-4 years. The plans to support production with additional plants in Argentina and Brazil are in line with Hero's brand strategy. Hero plans to set up manufacturing and assembly units in 50 countries worldwide. By 2020, the brand aims to be in 50 countries with over 20 assembly plants.
Last edited by Tushar : 1st December 2014 at 17:38.
|Thread Tools||Search this Thread|
|Thread||Thread Starter||Forum||Replies||Last Post|
|Hero MotoCorp has three new engines ready for use on its motorcycle range||JayPrashanth||Motorbikes||12||25th September 2014 10:42|
|"Hero Honda" to become "Hero MotoCorp Ltd."||ottocycle||Motorbikes||79||30th August 2012 18:41|
|Hero Motocorp's R&D Plans||smartcat||Motorbikes||7||18th August 2012 16:22|
|Hero MotoCorp’s “male” scooter – the Hero Maestro||aaggoswami||Motorbikes||3||12th May 2012 08:59|
|Open open open Sesame!!||VJ_MAVRICK||Shifting gears||12||10th January 2008 15:24|