Hero MotoCorp forms JV in Bangladesh, to set up manufacturing plant

Apr 21 2014, 14:52 IST
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Hero MotoCorp's plant in Bangladesh will be the the first full-fledged manufacturing facility for the Indian two-wheeler major outside India. Hero MotoCorp's plant in Bangladesh will be the the first full-fledged manufacturing facility for the Indian two-wheeler major outside India.
SummaryHero MotoCorp and Nitol Niloy group plan to invest over Rs 240 crore in next 5 years.

Kenya, Tanzania and Uganda in East Africa through its distributors.

Last year, the company had announced plans to enter 50 new markets by 2020 with a target of 20 manufacturing facilities across the globe with an overall annual turnover of Rs 60,000 crore by that time.

As part of its global expansion plans, Hero Moto had said it would have six assembly lines spread across three continents by 2014.

The company had said it aims to sell around one million two-wheelers abroad by 2017.

Hero MotoCorp has three manufacturing facilities in India and is set to commission the fourth facility at Neemrana, Rajasthan thereby taking its total installed capacity to over 7.5 million units.

The company, which sold 6.25 million two-wheelers in 2013-14, is also in the process of building a fifth facility in Gujarat.

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