IAB report – Hero Motocorp lays foundation stone for manufacturing plant in Colombia


Nithyanandh K, As a toddler, those wheeled machinery fascinated me even before I knew what they’re called as! So here I'm, petrolhead by birth, Mechanical engineer by qualification and automotive reporter by profession!

Hero Motocorp entered Colombia by forming a wholly owned subsidiary under the name Hero Motocorp Ltd. Colombia SAS (HMCL Colombia SAS).

Mr.Pawan Munjal, Managing Director & Chief Executive Officer, Hero MotoCorp Ltd, has laid the foundation stone for a full fledged manufacturing plant at Villa Rica, Colombia. The plant will have an annual production capacity of 78,000 units and is expected to go on stream towards the middle of the FY2016. The capacity can be expanded to 150,000 units in the future. The facility will be spread over 17 acres.

Hero Motocorp Colombia factory foundation stone laying ceremony
Hero Motocorp’s CEO Pawan Munjal lays the foundation stone for the Colombian manufacturing plant in Villa Rica.

Hero Motocorp has announced that it will invest USD 70 million/INR 419.2 crore (capex of USD 38 million and the rest as working capital for the next three year period) in Colombia in the next 3-4 years. The local manufacturing operation is expected to create significant direct and indirect job opportunities in the country.

Colombia is the 20th international market for Hero Motocorp which has presence in Asia, Africa, Southern and Central America. By 2020, the world’s largest two wheeler maker aims to expand its global presence to 50 markets with manufacturing facilities in 20 countries. As far as financial targets are concerned, the company is looking to achieve an annual turnover of INR 60,000 crore by the end of this decade.

Other international markets that are on Hero Motocorp’s radar are US and Brazil.

New Hero Karizma ZMR – Image Gallery

Hero Motocorp forays into Colombia – Press Release

[Head to Slideshare if you can’t view the press release.]

Contribute to IAB
Submit Spyshots & get Bragging rights! Click Here
Custom Mods on your ride? Get it featured on IAB Submit

Hero Xtreme News & Updates

2017 Hero Splendor Plus BSIV at dealership front

Hero Motocorp stops paying royalty to Honda – Report

Hero Karizma cafe racer by Incendiary Motorcycles side right

Hero Karizma cafe racer by Incendiary Motorcycles

Hero Passion Pro TR headlamp grille at the 2014 Nepal Auto Show

Hero Ignitor, Hero Passion Pro TR, Hero Passion XPro & Hero Karizma removed from Indian lineup

New Hero HF Dawn side

Hero HF Dawn, Hero Splendor iSmart & Hero Splendor Pro Classic axed

2017 Hero HF Deluxe BSIV at dealership front three quarter

Hero raises prices of all models by up to INR 2,200

Hero Karizma cafe racer by Bullard Customs side

Hero Karizma cafe racer by Ballard Customs