HeroMotoCorp is all set to venture into a new country as part of their rapid expansion ambitions.
HeroMotoCorp has announced that it will soon commence its operations in Mexico. The company has entered into a distribution agreement with Grupo Salinas, a group of companies founded by Mexican entrepreneur Ricardo Salinas. Following the agreement, the two companies have come together to form a global distribution network to sell products in the Mexican market.
In the first phase of operations, Hero MotoCorp will launch nine products, including different CC motorcycles and scooters. All these products are being designed and developed at Hero’s state-of-the-art R&D hubs in India and Germany.
As it stands, Hero MotoCorp has presence across Asia, Africa, South and Central America and the Middle East. In Latin America, the company is now present in more than 10 countries.
These moves do signify the firm's great growth and revenue. Keeping an eye on their stocks would do great for you.