Hero launches operations in Argentina, unveils global product
The Dollar Business Bureau Indian two-wheeler maker Hero MotoCorp has launched its operations in Argentina, which became the company’s 35th global market, by opening the brand's first dealership in Buenos Aires and also unveiling the first global product outside India. The Indian two-wheeler manufacturer launched the new generation of its popular 125 cc motorcycle Glamour, which will be badged Ignitor for the Latin American markets such as Colombia, Peru and Argentina. The company expects a considerable amount of sales from South America with the market becoming the focus area for the largest Indian two-wheeler manufacturer. It should be noted that only 10% of the overall sales of the manufacturer will come from outside India in the short-run. There are a total of four products that have been launched ...
TVS Motor sales slump 8% to 184,901 units in Dec
The Dollar Business Bureau TVS Motor Company on Monday announced its December sales, which registered a 8.47% decline to stand at 184,901 units in December. The Chennai-based automobile manufacturer had sold 202,021 units in December 2015. The company’s total two-wheeler sales fell 7.47% to 179,508 units during the month, while the three-wheelers sales also plummeted 32.8% to 5,393 units. Total exports during the month also declined 6.15% to 31,694 units as against 32,706 units in December 2015. Exports of two-wheelers, however, grew marginally to 26,095 units from 25,841 units on a year-on-year basis. TVS Motor Company Ltd.’s sales dropped 8.5 percent in December, but the fall was lesser than that of its larger rivals in the two-wheeler space. However, the decline in TVS’ sales was significantly less ...
Hero MotoCorp eyes international market
Around 20 % of the sales of Hero MotoCorp accounts to exports. The company is a major two wheeler manufacturer in India. However, itbeganexporting two years agoand is planning to prioritize Latin America, Africa and theCentral American regions The Dollar Business Bureau After splitting from Honda, Hero is planning to reach out to Latin America, Africa and Central America Hero MotoCorp will start selling its two wheeler in Nigeria from March, said the Chairman and the Managing Director of the company, Pawan Munjal. He was presenting the company's Rs.850 crore coherent Research and Development facility at Kukas, located 25 kms from Jaipur. Around 20% of the sales of Hero MotoCorp accounts to exports. The company is a major two wheeler manufacturer in India. ...
Hero MotoCorp's first overseas plant begins operations
The Dollar Business Bureau The world’s largest two wheeler manufacturer Hero MotoCorp on Wednesday announced that it has begun operations at its new manufacturing plant in Colombia. With its first manufacturing plant outside of India, Hero MotoCorp aims to produce 80,000 units each year. The agenda is to increase production capacity to 150,000 units per year in the next phase. The plant will manufacture ten best-selling products of Hero motorcycles and scooters. "It is a historic milestone for Hero MotoCorp as this facility in Colombia is our first plant outside of India. This facility will be a key resource for us as we plan to further consolidate our market position with a range of products across segments,” said Pawan Munjal, Chairman ...
