NEW DELHI: The country’s largest two-wheeler maker Hero MotoCorpplans to enter three
new countries — Argentina, Mexico and Nigeria — by the end of this year as it looks to widen footprint across global markets.
The company is also eyeing to sell a total of 2.5 lakh units in the international market this fiscal, up 25 per cent, from 2 lakh units in the previous fiscal.
“We are looking to enter Argentina, Mexico and Nigeria by the end of this year,” Hero MotoCorp Senior Vice-President and CFO Ravi Sud said in an analyst call.
The cumulative size of motorcycle market in Nigeria, Mexico and Argentina is around 20 lakh two-wheeler units per annum.
Besides, the company aims to ramp up the production capacity at its Colombian facility to some 4,000 units a month, from 2,500-3,000 units a month currently.