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Hero Motor plans motorcycle manufacturing in Bangladesh

imagesHero Motor, a leading Indian automobile company, is set to manufacture motorcycles in Bangladesh to share the growing local market.

The company plans to launch operations immediately in collaboration with a local automobile company Niloy Motor, a concern of Nitol-Niloy Group.

After expiry of the deal with Japanese automaker Honda in 2011 and state-owned automobile company Atlas Bangladesh in 2013, Hero now joins hands with Nitol-Niloy Group for marketing motorcycle in Bangladesh.

The two companies will ink the deal in Dhaka today.

“Bangladesh has enough potential market for motorcycles as demand for bikes is growing in tandem with the expanding economy,??? Abdul Matlub Ahmad told The Dhaka Tribune yesterday.

His company is set to manufacture the two-wheeler vehicles locally as soon as possible. “Hero with Niloy is ready to begin operation in Bangladesh.???

The assembling plant costing more than Tk234 crore is expected to produce 1.5 lakh pieces of motorbikes annually, company sources said.

They said prices will come down below Tk1 lakh per piece if assembled here. At present, the price of an imported motorbike is Tk170,000 depending on varieties.

According to an estimate, the country’s annual motorcycle sales might hit around 14 lakh units in the near future from around 500,000 units at present.

The announcement of the collaboration comes at a time when Honda Motor Corp is taking preparations to launch a full-scale motorcycle assembling plant in the country in partnership with the state-owned Bangladesh Steel and Engineering Corporation and Suzuki Motor, a leading Japanese two-wheeler brand, with local Rancon Motor Bikes Ltd, a concern of Rangs Group.

Hero MotoCorp Limited, formerly Hero Honda Motors Limited, is engaged in manufacturing of two wheelers and its parts and ancillary services. The company’s bikes are manufactured across three manufacturing facilities.

Two of these are based at Gurgaon and Dharuhera, which are located in the state of Haryana in northern India. The third manufacturing plant is based at Haridwar, in the hill state of Uttrakhand.

The company offers a range of bikes which include CD Dawn, CD Deluxe, Splendor Plus, Splendor NXG, super splendor and Passion Pro.

Hero brand accounts for 50% of the total motorcycle market in India.

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Report: Kayes Sohel
Source: Dhaka Tribune

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