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Hero MotoCorp reportedly has commenced its operations in three Latin American countries — ElSalvador, Honduras and Guatemala in Latin America - eventually hoping to reach as many as 30 countriesspread across the globe.
According to re[ports,the company dispatched the first consignment of two-wheelers to these three countries in Latin America just a few weeks ago. This marks the beginning of Hero's ambitious global foray, which the company has been aiming for since separating from erstwhile partner Honda.
The Pawan Munjal-led company plans to expand its international business to 30 countries spanning across Africa, Latin America, Central America and South-East Asia over the next few years, a plan that was unveiled at Hero's global brand launch event in London in August 2011, reports added.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.