Hero MotoCorp gains on bike launch in Colombia

The company announced the launch of its six best selling bikes in Colombia

Shares of Hero MotoCorp were up over 2% at Rs 3,214 on the Bombay Stock Exchange after the company announced the launch of its six best selling bikes in the South American country of Colombia.

"Colombia is one of the top two-wheelers market in South America and therefore, its is going to play a significant role as we continue to expand our footprint in the region," the company said in release quoting Vice Chairman, Chief Executive Officer & Managing Director, Pawan Munjal.

The two-wheelers rolled out today include the 100cc bikes - Splendor iSmart, Eco Deluxe and Passion-Pro; the 125cc Glamour; the 150cc Hunk and the 225cc Karizma ZMR.

The stock opened at Rs 3,150 and touched a high of Rs 3,218 on the BSE. At 12:35Pm, over 230,000 shares were traded on the BSE and NSE.