Two-wheeler major Hero MotoCorp on Sunday announced that it has opened an assembly facility in Nepal in partnership with distributor CG Motors. The facility will have an annual production capacity of 75,000 vehicles and will bring new investment and create job opportunities for the region, Hero MotoCorp said in a statement.
It added that the four products launched in the country – Xpulse 200 4V, Super Splendor, Splendor+ motorcycle and Xoom 110 scooter – will be assembled locally at a new assembly facility at CG Industrial Park in Nawalparasi.
“This is an exciting development for us at CG Motors and for Nepal. The state-of-the-art assembly unit will ensure that our world-class products are manufactured in Nepal and available to customers across the country.” Hero MotoCorp says. Sanjay Bhan, Chief Business Officer, Global Business Unit, said:
He further said, „The rapid expansion of our sales and service network will enable us to establish a market with world-class products and services.“ CG Motors, a member of the Chaudhary Group, said in a statement that it will rapidly expand its sales and service network across Nepal to cater to its growing customer base.
Nirvana Chaudhary, Managing Director, Chaudhary Group, said, „Hero MotoCorp's world-class expertise in manufacturing and business processes will be of great benefit in scaling up our business. We look forward to building a strong market presence.“
Hero MotoCorp entered Nepal in 2014. Meanwhile, The Chaudhary Group (CG) is a leading business group in Nepal with a network of over 160 companies and 123 brands across the world.