Hero Motocorp commences commercial production of Bangladesh facility today.

[Homo Sapiens]

Hero Motocorp commences commercial production of Bangladesh facility

Posted On: 2017-06-03 01:43:19

Hero MotoCorp has commenced commercial production today in the manufacturing facility at its subsidiary HMCL Niloy Bangladesh Ltd. This plant, located at Jessore in Bangladesh, has an installed capacity of 150,000 vehicles per annum.

This is Hero's second manufacturing facility at an overseas location. The Company, which has rapidly expanded to 35 countries across Asia, Africa and South and Central America, has its first overseas manufacturing plant at Vila Rica near Cali in Colombia, which became operational in 2015.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.3840 as compared to the previous close of Rs. 3734.55. The total number of shares traded during the day was 28833 in over 2959 trades.

The stock hit an intraday high of Rs. 3850 and intraday low of 3764.05. The net turnover during the day was Rs. 110216657.


Source: Equity Bulls

 

[Homo Sapiens]

Anyone manufacturing motor vehicle within BD is welcome.Good job by Hero Motorcorp.

 

[gslv mk3]

I thought it would take more than Bajaj, Hero or TVS to capture Bangladeshi market dominated by Walton? @Bilal9 There is no way the Indian's can compete with Walton Fusion 150 with 'shape-shifting capabilities'.

I guess Ducati or Benelli should have opened a plant there given that 'more people buy Tk. 3 Lakhs bikes [in Bangladesh] percentage-wise here than in Indian kanjoosi market'.

 

[Ryuzaki]

Good job.Economic inter-dependence will lead to better relations

 

[Sliver]

I thought it would take more than Bajaj, Hero or TVS to capture Bangladeshi market dominated by Walton? @Bilal9 There is no way the Indian's can compete with Walton Fusion 150 with 'shape-shifting capabilities'.

I guess Ducati or Benelli should have opened a plant there given that 'more people buy Tk. 3 Lakhs bikes [in Bangladesh] percentage-wise here than in Indian kanjoosi market'.

the heck did I just see? the dude bought down an f 16 with a colt and a single bullet? whats the spec on that bike though? the video has almost nothing on the bike or its specs.

 

[gslv mk3]

whats the spec on that bike though? the video has almost nothing on the bike or its specs.

It's a 150 cc commuter. Though there are actually two bikes in the commercial, the last one being Bangladeshi product.

 

[Nilgiri]

https://www.brta.gov.bd/images/statistics-bd-sept-16.pdf

150,000 installed capacity by hero....for a roughly 300,000 motorcycle per annum market. Good bold move by Hero....time to dominate.

Do we even have a number for the capacity for Walton the big BD "indigenous" success?

 

[ghost250]

 

[Rajaraja Chola]

Bangladeshis being the richest in SE Asia, they wont buy an cheap bike irrespective of its costs. They will buy only branded bikes or super duper ones from China or the local ones. Hero cant compete. Bad decision by hero to invest in highly competitive, brand "minded" Bangladeshi market.