Categories: Business

Hero MotoCorp to open second global facility in Bangladesh

New Delhi, April 27 (IANS) Two-wheeler major Hero MotoCorp on Thursday said that it will open its second global manufacturing facility in Bangladesh.

The company's Chairman, Managing Director and Chief Executive Officer Pawan Munjal said the second global manufacturing facility in Bangladesh will open later this year. He was speaking at an award ceremony here.

The two-wheeler giant was adjudged the 'Indian MNC of the year' by All India Management Association (AIMA).

Receiving the award, Munjal said: "Brand Hero has expanded to 35 countries spread across Asia, Africa and Central and South America in a very short span of time since charting its solo journey in 2011."

"We added Argentina, the second largest two-wheeler market in Latin America, to our international footprint in January this year, where we also unveiled the new Glamour motorcycle in our first global product launch."

Hero MotoCorp sold more than 6.6 million two-wheelers in 2016-17, and is the only Indian two-wheeler company to have a manufacturing facility in Latin America.

Hero's manufacturing plant is situated at Vila Ricca in Colombia.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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