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Thread: Hero MotoCorp started operations in Colombia plant: xBhp News

  1. #1
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    Default Hero MotoCorp started operations in Colombia plant: xBhp News

    Hero MotoCorp, Indian two-wheeler giant has started its operations at Colombia Plant. This is company’s first outside India facility which has been built at an investment of USD 70 million.

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    The new facility will also act as a export hub for Central and South American markets, while Hero’s top of the line motorcycles and scooters will be made here. This facility is spread over 17 acres at Villa Rica in the state of Cauca, will be having an initial production capacity of 80,000 units per annum which will be expanded to 1,50,000 units later in the next phase.

    The plant was inaugurated by Colombian President Juan Manuel Santos in presence of the government officials of this country and Hero officials. This plant will provide employment to 2,200 people.

    Pawan Munjal, Chairman, Managing Director and Chief Executive Officer, Hero MotoCorp said:
    “As the world’s largest two-wheeler manufacturer, we have the expertise and technology to provide superior quality products based on the needs and preferences of the customers. Poised to be our export hub for the region, the plant here in Colombia will generate employment opportunities for local citizens, and also help in contributing to the overall development of the economy. 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. The plant will also act as a guiding light, as we work towards transforming ourselves into a global automotive giant with manufacturing facilities across the globe”.
    News Source: Hero MotoCorp begins operations at Colombia plant; first outside India | The Financial Express

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    Default Re: Hero MotoCorp started operations in Colombia plant: xBhp News

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