Hero MotoCorp Ltd, one of India’s leading two-wheeler manufacturers, has approved an additional investment of up to ₹300 crore in its wholly owned subsidiary, HMCL Netherlands B.V., to support further investments in its overseas subsidiaries.
The investment will be made in one or more tranches over the next two years. The funding is intended for HMCL Colombia S.A.S. and Hero MotoCorp Do Brasil Ltda, which manufacture, sell and distribute two-wheelers, accessories and spare parts.
Funding to support overseas operations
HMCL Netherlands B.V. was incorporated in the Netherlands as a private limited liability company, primarily to invest in Hero MotoCorp’s overseas subsidiaries.
Its step-down subsidiaries include HMCL Colombia S.A.S., HMCL Niloy Bangladesh Ltd and Hero MotoCorp Do Brasil Ltda. The additional funding is expected to support the company’s international operations and investment requirements.
Overseas subsidiaries report revenue
HMCL Netherlands B.V. reported nil income in FY26. Its subsidiaries, HMCL Colombia S.A.S. and HMCL Niloy Bangladesh Ltd, recorded turnovers of ₹1,656 crore and ₹826 crore, respectively, during the year.
The proposed investment will strengthen the financial support available to the group’s overseas businesses as they pursue their operations in international markets.
Ownership structure remains unchanged
Hero MotoCorp’s shareholding in HMCL Netherlands B.V. will remain unchanged following the investment. The Netherlands-based entity will continue to be a wholly owned subsidiary of the Indian two-wheeler manufacturer.