Hero MotoCorp, India’s leading two-wheeler producer and supplier, has publicized its reinvigorated strategy for the Nigerian market with a launch of new range of Hunter Bikes developed particularly for the region.
It has been reported that the Kewalram Chanrai Group is expected to be the exclusive distributor for the two-wheeler major in Nigeria.
Hero MotoCorp, in association with Kewalram Chanrai Group, is looking forward to strengthening its existence in the country and addressing the rising demand for great quality products at highly economical prices.
It would be essential to mention that the newly framed strategy involves offering customers with a comprehensive range of products nation-wide.
Reports suggest that the new Hunter bikes would potentially offer customers the modern technology with the good mileage, a long seat, and engine life. The product is now available across Nigeria at an introductory price of Naira 2,67,000. The prices are subjected to vary in different regions.
As per credible sources, the Hunter comes with 75,000 km engine warranty, which has been potentially tested for performance in the Nigerian conditions. Moreover, the company is planning to have 3 outlets in about 20 towns in the country while also building a PAN Nigeria presence through dealers and parts distributors.
Additionally, a network of 5000 trained technicians across the country would ensure easy access to parts and services for all customers. Importantly, the bike is embedded with an OHC, 4-stroke, Air Cooled engine-delivering a notable power output of 7.4 BHP at 8000 RPM and maximum torque of 7.95 NM at 4500 RPM.
For the record, Hero MotoCorp stands out to be the world’s largest manufacturer of scooters and motorcycles. The company reported a 44.2% jump in net profit to Rs. 885.28 crore in Q4 FY21 against Rs 613.81 crore the previous year.
Post this announcement, the shares of Hero MotoCorp rose by 0.10% to Rs. 3,051.35 on Bombay Stock Exchange.
Source Credit: https://www.business-standard.com/article/news-cm/hero-motocorp-launches-hunter-bikes-for-nigerian-market-121060700265_1.html