Hero MotoCorp and Gilera Motors open flagship store in Buenos Aires, Argentina

Hero MotoCorp and Gilera Motors open flagship store in Buenos Aires, Argentina

by 5paisa Research Team Last Updated: Dec 03, 2021, 01:16 PM IST

This partnership will generate 500 new jobs and Hero MotoCorp is looking to increase market share across the country.

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, along with Gilera Motors Argentina has expanded operations and inaugurated a flagship dealership in Buenos Aires today, where customers can experience Hero MotoCorp's world-class products and services.

The company had recently announced the revitalization of its presence in Argentina by partnering with Gilera Motors, one of the leading companies in the motor vehicle sector in Argentina and one of the most experienced motorcycle manufacturers in Latin America.

Gilera Motors Argentina will make new investments to rapidly expand all business operations for Hero MotoCorp’s world-class products. This is expected to generate nearly 500 new jobs in the region. It has also expanded its plant in Carlos Spegazzini Province of Buenos Aires to completely renovate its infrastructure and adapt the latest automotive technologies that are incorporated in Hero MotoCorp products.

Comments from Top Executives

“Hero MotoCorp is the world’s No. 1 manufacturer of motorcycles and scooters and this is a great partnership for us. The new investment and new facilities that Gilera Motors Argentina is making will boost the industry in the country. Customers will also benefit from the latest technologies of Hero MotoCorp products such as the Xpulse 200 and Hunk 160R, which comply with Euro 3 and Euro 4 standards,” said Omar Caruso, Vice-president of Gilera Motors Argentina.

“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. We have already inaugurated a flagship store and are focused on scaling up sales and service across the country. With our soon-to-be-launched range of globally acclaimed products, we are confident of exciting the market and appealing to the customers,” added Sanjay Bhan, Head - Global Business, Hero MotoCorp.

Hero MotoCorp products are designed and developed at its world-class R&D centres in India and Germany and manufactured at its facilities in India, Colombia, and Bangladesh.

While writing this article Hero MotoCorp was trading at Rs 2,486, up by 0.56% for the day.

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