Hero Motors finalises export strategy for overseas markets; stock down

Hero Motor has finalised an export strategy focusing on markets such as Latin America, Africa and South-East Asia, taking its first step towards emerging as a global player after the recent split with its 26-year old Japanese partner Honda.

The BM Munjal-controlled company is making changes in its existing products to suit the needs of these fast-growing overseas markets, apart from identifying homegrown talent to drive export growth.

At 10:30 am, the stock was at Rs 1885.10, down 0.82 per cent on the NSE. It touched a high of Rs 1892.05 and low of Rs 1881.60 in trade so far.