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Emkay Global has upgraded the stock to 'Buy' from 'Reduce' earlier with a revised target price of Rs 5,100 from Rs 4,800.
"This is an exciting development for us, CG Motors and for Nepal. The state-of-the-art assembly unit will ensure that our world-class products will now be made in Nepal and available to customers across the country," Hero Motocorp Chief Business Officer - Global Business Unit, Sanjay Bhan said.
Hero MotoCor p, in partnership with its authorized distributor CG Motors , has announced its ambitious...
Hero MotoCorp has started an assembling facility in Nepal, which will make Xpulse 200 4V, Super Splendor, Splendor motorcycles and Xoom 110 scooters in the country.