Hero MotoCorp, the world’s largest two-wheeler brand is looking to expand its reach in Nepal with the appointment of CG Motors as its distributor.
It was in 2014 that Hero MotoCorp forayed into Nepal and over the years has established itself as a leading player in the country, getting a strong response for its iconic brands such as the Super Splendor and Xpulse 200 motorcycles. The company says Nepal is one of the key markets for it in Asia.
As part of the expansion, Hero MotoCorp and CG Motors will set-up a state-of-the-art greenfield facility for assembling products in Nepal. The facility will be located in Nawalpur district with a capacity of 75,000 units per annum. Operations will begin from March 2024.
The Chaudhary Group (CG), is a leading conglomerate in Nepal. It operates an expansive network of over 160 companies and 123 brands worldwide, backed by a team of more than 15,000 employees. The group’s operations include the Fast-Moving Consumer Goods (FMCG) industry, Financial Services, Energy & Infrastructure development, Hospitality sector, and cutting-edge Electronics sector.
Sanjay Bhan, Head – Global Business, Hero MotoCorp said, “We are excited to partner with the Chaudhary Group in Nepal. With their vast expertise and diversified business knowledge, Chaudhary Group will provide an enormous fillip to our operations here. Nepal is an extremely important market for us and it is our continuous endeavour to provide the best products, services and experiences to our customers here. In the near future, we plan to further strengthen our operations across the country and introduce a slew of new products that will excite the market. We are confident of expanding our presence in the market with our new partner and look forward to solidifying this collaboration.”
Nirvana Chaudhary, MD, Chaudhary Group said, “We are thrilled to announce our collaboration with Hero MotoCorp, who are globally recognised as the leading manufacturer of motorcycles and scooters. This partnership marks CG Motors’ ambitious re-entry into the automotive market, leveraging Hero MotoCorp’s renowned products and services. Our deep understanding of the local market dynamics will be instrumental in driving business growth. We look forward to the establishment of a cutting-edge assembly unit, confident that this alliance will significantly strengthen and redefine the brand’s presence in the country.”
At present, Hero MotoCorp sells Xpulse Twins (Xpulse 200 and Xpulse 200T), Xtreme range (Xtreme 160R and Xtreme 200R), Splendor range (Super Splendor and Splendor+), Glamour and HF Deluxe motorcycles in Nepal. In addition to the motorcycles, the company also offers its scooter range of Destini 125, Maestro Edge, and Pleasure+.
Hero MotoCorp says its emerging mobility brand, VIDA, Powered by Hero, is also expanding its presence outside India and will soon launch its electric scooter VIDA V1 in many countries in Europe, Asia and Latin America.
