Hyderabad: Hero MotoCorp - the world’s largest manufacturer of motorcycles and scooters - on Wednesday announced the commencement of its operations in Mexico soon.
Hero MotoCorp, which recently surpassed 100 million units in cumulative Production has entered into a distribution agreement with Grupo Salinas, founded by Mexican entrepreneur Ricardo Salinas. Following the agreement, the two companies have come together to form one of the largest distribution networks globally to sell competitive, high-quality products in the large Mexican market, the company said in a release.
Dr Pawan Munjal, Chairman and CEO, Hero MotoCorp, said, with the global expertise and technology prowess of Hero and the local market knowledge of Grupo Salinas, we are aiming for the rapid expansion of the Hero brand here over the next three years.
We will be bringing products that cater to all segments of the market, thereby offering a wide range of choices for the customers in Mexico, said Pawan.
In the first phase of operations, Hero MotoCorp will launch nine products, including motorcycles - for work (100cc), street (125cc), premium (150cc, 160cc) and on-off segments - and scooters. All these products are being designed and developed at Hero’s state-of-the-art R&D hubs in India and Germany.
Hero MotoCorp now has an extensive presence across Asia, Africa, South and Central America and the Middle East.
In Latin America, the Company is now present in more than 10 countries.
Hero MotoCorp has eight world-class manufacturing facilities, including six in India and one each in Bangladesh and Colombia.
It also has a global R& D presence with technology centres in India, the Center of Innovation and Technology in the northern Indian city of Jaipur, and the Hero Tech Center GmbH in Germany.
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