Hero MotoCorp Earmarks ₹300 Crore For HMCL Netherlands B.V. To Expand Overseas Operations In Colombia And Brazil
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. Investment Details The investment will be made in one or more tranches over the next two years.…
Hero MotoCorp, an Indian two-wheeler manufacturer, has announced plans to invest up to ₹300 crore in its Dutch subsidiary, HMCL Netherlands B.V. (HNBV), with the aim of expanding operations in Colombia and Brazil. This investment will be made over the next two years, in multiple installments, through cash consideration. HMCL Netherlands B.V. is a wholly-owned subsidiary that manufactures, sells, and distributes two-wheelers, accessories, and parts.
The investment is expected to bolster HNBV's operations in Colombia and Brazil. While HNBV itself reported no turnover for the financial year ending March 31, 2026, its Colombian subsidiary, HMCL Colombia S.A.S., generated ₹1,656 crore during the same period. Another subsidiary, HMCL Niloy Bangladesh Limited, reported ₹826 crore in turnover.
Over the past three years, HMCL Colombia S.A.S. has seen turnovers of ₹672 crore in 2025, ₹413 crore in 2024, and ₹672 crore in 2025. HMCL Niloy Bangladesh Limited posted ₹562 crore in 2025 and ₹436 crore in 2024. Prior to HNBV, its turnover figures were ₹3.80 crore in 2025 and ₹4.05 crore in 2024. The investment announcement was made at Hero MotoCorp's Board of Directors meeting on October 28, 2026.
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