Hero MotoCorp, set a historic milestone, with its first global manufacturing facility at Villa Rica, in Columbia going operational. Completed in a little over nine months since construction began, the Columbia plant is Hero's 5th manufacturing facility, in addition to four assembly plants in India. This plant will act as a hub for selling to the Andean countries. It can be a strategic base for shipping to North American markets such as Mexico and the US.
The plant will have an initial production capacity of 80,000 units per annum. This capacity will be expanded to produce 150,000 units per annum, in the next phase. The plant has been built at a project cost of US$ 70 million of which US$ 38 million has been utilised in capex and the rest will be used as working capital over the next few years.
The new plant will manufacture HMCL's best selling and globally successful range of motorcycles and scooters. The plant will manufacture ten products from the HMCL portfolio, including the all new scooter Dash which was also unveiled as part of its global launch at the inauguration of the new plant.