Indian motorcylcle company Hero MotoCorp Ltd (HMCL), the world’s largest two-wheeler manufacturer, has appointed Al-Futtaim as its distributor for the GCC region.
Al-Futtaim and Hero MotoCorp jointly inaugurated the first Hero showroom in the UAE recently, located at the Airport Road in Deira, Dubai. The Service Center is located in Rashidiya.
The association aims to capture a sizeable market share in the GCC region – comprising of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – a rapidly growing two-wheeler market.
For the past 15 consecutive years, the New Delhi (India)-headquartered Hero MotoCorp has remained the world’s largest two-wheeler manufacturer in terms of unit volumes sold by a single company in a calendar year.
The company sold over 6.63 million two-wheelers in the last financial year. Since its inception in 1984, Hero has sold over 70 million motorcycles and scooters in cumulative sales.
Hero MotoCorp started off as a joint venture with Honda Japan, building bikes under the Hero Honda brand name. In 2010, when Honda Japan ended their partnership, Hero Group bought off their stake in the company.