Hero MotoCorp expands operations in Nepal with new assembly facility
Hero MotoCorp, recognized as the world’s largest manufacturer of motorcycles and scooters, in partnership with its authorized distributor CG Motors, has inaugurated a new product assembly facility in CG Industrial Park, Nawalparasi, Nepal. This strategic move is part of Hero MotoCorp’s aggressive business plans to strengthen its presence in Nepal. The facility, with an annual capacity of 75,000 units, aims to localize the assembly of four globally popular models: Xpulse 200 4V, Super Splendor, Splendor+ motorcycles, and Xoom 110 scooter.
The establishment of the assembly facility represents a significant investment in the local economy, promising to create numerous job opportunities in the region. This initiative is a part of Hero MotoCorp’s broader commitment to contributing to economic growth and employment in Nepal.
To support the expanded operations, CG Motors plans to rapidly enhance its sales and service network across Nepal. The company has inaugurated a flagship showroom in Kathmandu and aims to establish over 100 sales and service outlets within the next three months. This expansion will ensure that Hero MotoCorp’s products are readily available to customers throughout the country, coupled with high-quality service offerings.
Sanjay Bhan, Chief Business Officer – Global Business Unit at Hero MotoCorp, commented on the venture, stating, “This is an exciting development for us, CG Motors, and for Nepal. The state-of-the-art assembly unit will ensure that our world-class products are now made in Nepal and available to customers across the country. Our renewed focus in Nepal, along with our partners CG Motors, is reflective of our commitment to the country, which continues to be a very important market for us.” Nirvana Chaudhary, Managing Director of Chaudhary Group, also expressed enthusiasm about the new facility, emphasizing the expected scale-up in operations and robust market presence aimed at leveraging Hero MotoCorp’s manufacturing and business expertise.
Since entering the Nepalese market in 2014, Hero MotoCorp has established itself as a leading player, with popular models like SuperSplendor and Xpulse 200 receiving an overwhelming response. The Chaudhary Group, a significant force in Nepal’s business landscape, operates across diverse sectors including FMCG, financial services, energy, hospitality, and electronics, with a workforce of over 15,000 employees globally.
The launch of the new assembly facility by Hero MotoCorp in Nepal is a strategic step that not only enhances the company’s manufacturing capabilities but also significantly boosts local economic activity. By increasing the accessibility of their high-quality motorcycles and scooters and expanding the sales and service network, Hero MotoCorp is poised to capture a larger market share and foster long-term customer loyalty in the region.