Hero MotoCorp Earmarks ₹300 Crore For HMCL Netherlands B.V. To Expand Overseas Operations In Colombia And Brazil
· Free Press Journal
Mumbai: Hero MotoCorp Limited announced on Wednesday an additional investment of up to ₹300 crore in HMCL Netherlands B.V. (HNBV), a wholly-owned subsidiary. This move is intended to facilitate further investments into its step-down subsidiaries, HMCL Colombia S.A.S. and Hero MotoCorp Do Brasil Ltda.
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Investment Details
The investment will be made in one or more tranches over the next two years. The consideration for this investment will be in cash.
Hero MotoCorp Q2 Results: Net Profit Jumps 41% To ₹1,861 Crore As Revenue Rises 23%Subsidiary Operations
HNBV's subsidiaries, HMCL Colombia S.A.S. and Hero MotoCorp Do Brasil Ltda., are engaged in the manufacturing, sale, and distribution of two-wheelers, accessories, and parts. The investment will support these operations.
Financial Performance
HNBV reported NIL turnover for the financial year ended March 31, 2026. However, its subsidiary HMCL Colombia S.A.S. recorded a turnover of ₹1,656 crore for the same period. HMCL Niloy Bangladesh Limited, another subsidiary, posted a turnover of ₹826 crore.
Prior Year Turnovers
HMCL Colombia S.A.S. had turnovers of ₹672 crore in 2025 and ₹413 crore in 2024. HMCL Niloy Bangladesh Limited reported ₹562 crore in 2025 and ₹436 crore in 2024. HNBV itself had turnovers of ₹3.80 crore in 2025 and ₹4.05 crore in 2024.
Hero MotoCorp’s Vikram Kasbekar Expects Record Year For Auto Industry, Says Company Prepared For Supply Chain ChallengesBoard Meeting
The Board of Directors' meeting commenced at 2:30 p.m. on October 28, 2026, and concluded at 5:30 p.m. Prabhat Singh, Company Secretary and Compliance Officer, signed the announcement.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.