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Hero MotoCorp rose 2.35% to Rs 3,398.25 after the two-wheeler major said that it will soon commence its operations in Mexico as part of its global expansion strategy.
Hero MotoCorp has entered into a distribution agreement with Grupo Salinas, a group of fast-growing and technologically equipped companies focused on creating economic, social and environmental value 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.
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 extensive presence across Asia, Africa, South and Central Amer
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Hero MotoCorp to soon commence operations in Mexico, inks distribution pact with Grupo Salinas
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Last Updated: Jan 27, 2021, 06:47 PM IST
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Synopsis
The company, which recently surpassed 100 million units in cumulative production, has entered into a distribution agreement with Grupo Salinas, a group founded by Mexican entrepreneur Ricardo Salinas.
Agencies
Hero MotoCorp now has extensive presence across Asia, Africa, South and Central America and the Middle East.
NEW DELHI: The country s largest two-wheeler maker
Hero
MotoCorp on Wednesday said it will
soon
commence its
operations
in
Mexico
in line
with its global expansion strategy.
The company, which recently surpassed 100 million units
Hero MotoCorp rides into Mexico in partnership with Grupo Salinas ANI | Updated: Jan 27, 2021 18:22 IST
New Delhi [India], January 27 (ANI): Hero MotoCorp said on Wednesday it has entered into a distribution agreement with Grupo Salinas founded by Mexican entrepreneur Ricardo Salinas.
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.
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 R&D hubs in India and Germany.