Hero MotoCorp expands into Argentina market
A general view of a Hero MotoCorp plant in Gurugram in the Indian state of Haryana (Photo by MONEY SHARMA/AFP via Getty Images)
INDIAN multinational two-wheeler manufacturer Hero MotoCorp on Friday (3) announced expansion of operations in Argentina with the opening of its flagship dealership in Buenos Aires with Gilera Motors Argentina (GMA).
The company said in a filing that the venture is expected to generate nearly 500 new employment opportunities in the region.
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Besides, GMA has also expanded its plant in Carlos Spegazzini province of the Argentinian capital to renovate its infrastructure and adapt the latest automotive technologies that are incorporated in Hero MotoCorp Products, Press Trust of India cited the company as saying.
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“We are happy to rapidly expand our operations in Argentina. We have already made significant progress since announcing our new association with Gilera Motors Argentina in October,” Hero MotoCorp head – global business, Sanjay Bhan said.
The company has already started a flagship store and focuses on scaling up sales and services across Argentina, he said.
GMA is a leading company in Argentina’s motor vehicle sector and one of the most experienced motorcycle makers in that country.
GMA director Ramiro Di Liscia said, “Our association will have a multiplier effect on the local economy, generating investment and new direct and indirect jobs. We are adding nearly 500 new jobs already and expect more benefits to the local economy as we further expand our operations in the future.”
GMA vice president Omar Caruso said customers will benefit from the latest technologies of Hero MotoCorp products such as Xpulse 200 and Hunk 160 R that comply with Euro 3 and Euro 4 standards, the PTI report added.