Hero MotoCorp sets up separate vertical for Harley-Davidson business

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, has set up a separate vertical to drive its new business of Harley-Davidson products and merchandise distribution in India.

Global automotive expert Ravi Avalur has been appointed as the Business Unit Head of the new vertical. Ravi will report to Dr. Pawan Munjal, Chairman & CEO, Hero MotoCorp.

Ravi has joined Hero MotoCorp from Engines and Engine Components manufacturer Cooper, where he was the Head of Strategy and International Business. Prior to Cooper, Ravi was the Managing Director at Ducati India.

The Team in the new Business Unit also includes four executives from Harley-Davidson's erstwhile India operations, bringing in years of competencies in the areas of sales, marketing, customer experiences, service and logistics.

The Company has also commenced wholesale dispatches of Harley Davidson products to the dealers from January 18.

Meanwhile, Hero MotoCorp has on-boarded 11 existing Harley-Davidson dealers in key geographies across the country.

Hero MotoCorp will also expand the service, parts and accessories business beyond the 11 cities currently covered by the newly appointed dealers, to a pan-India level through its extensive dealer network.

With customer-centricity and commitment to globally benchmarked sales and aftersales service as their focus, Hero MotoCorp and Harley-Davidson are committed together to providing a smooth and hassle-free ownership experience to the existing and future Harley Davidson customers in India.

Details of new model launches will be shared closer to launch dates.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.3420 as compared to the previous close of Rs. 3292.75. The total number of shares traded during the day was 33461 in over 3245 trades.

The stock hit an intraday high of Rs. 3420 and intraday low of 3268.7. The net turnover during the day was Rs. 112288087.

Source : Equity Bulls

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