Hero MotoCorp reinvigorates operations in Nepal, appoints CG Motors as distributor

• Greenfield facility to be set up in Nawalpur district to assemble products in Nepal

NEW DELHI/KATHMANDU: Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has appointed the diversified CG Motors as its distributor in Nepal. The company aims to build on its vision to provide world-class experiences and products to its customers worldwide.

Hero MotoCorp entered the Nepali market in 2014 and has since established itself as a leading player in the country, with overwhelming responses for its iconic brands such as Super Splendor and Xpulse 200 motorcycles. Nepal is one of the key markets for the company in Asia.

The Chaudhary Group (CG), a prominent leader in Nepal's business landscape, operates an expansive network of over 160 companies and 123 brands worldwide, backed by a dedicated team of more than 15,000 employees. The group's operations span the fast-moving consumer goods (FMCG) industry, financial services, energy and infrastructure development, hospitality sector, and cutting-edge electronics sector. The Chaudhary Group continuously showcases its commitment to innovation and excellence across various fields.

Hero MotoCorp and CG Motors have planned to set up a state-of-the-art greenfield facility for assembling products in Nepal. This reflects the company's commitment to the country, as the operations will bring new investments and create job opportunities. The facility to be established in the Nawalpur district will have a capacity of 75,000 units per annum. Operations will begin in March 2024.

Commenting on the collaboration, Sanjay Bhan, Head of Global Business at Hero MotoCorp said, "We are excited to partner with the Chaudhary Group in Nepal. With their vast expertise and diversified business knowledge, the Chaudhary Group will provide an enormous boost 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, Managing Director of the 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."

Hero MotoCorp’s comprehensive product range in Nepal consists of a wide portfolio, from entry-level to premium two-wheelers comprising of 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 addition to the motorcycles, the company has an exciting scooter range, including Destini 125, Maestro Edge, and Pleasure+.

Hero MotoCorp’s emerging mobility brand, VIDA, Powered by Hero, is also expanding its presence outside India and will soon launch its electric scooter VIDA V1 in countries in Europe, Asia and Latin America.