Hero MotoCorp to open second global facility in Bangladesh

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.

--IANS

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