Hero MotoCorp (HMCL), the leading two-wheeler manufacturer in India, has partnered with Gilera Motors Argentina to reinvigorate and expand its operations in Argentina - one of the key markets in South America.

Hero MotoCorp and Gilera Motors Argentina have entered into an agreement, as part of which Gilera Motors will be the exclusive distributor for the sale and service of Hero MotoCorp motorcycles and scooters in the country. It will also make new investments in operations to drive business growth.

Sanjay Bhan, Head - Global Business, Hero MotoCorp, said, "Argentina is an important market for us and we are happy to have Gilera Motors Argentina as our partners here. With their long history and expertise in the motorcycle market, Gilera is the ideal partner for Hero MotoCorp in Argentina as we introduce our technologically-advanced and globally benchmarked products and services here. Our immediate focus is to develop a robust and widespread sales, service and spare parts network across the entire country. We expect our new range of products to excite the customers and our market share to grow in the near future."

Shares of the company gained Rs 10.05, or 0.34%, to settle  at  Rs 2,925.60.  The total volume of shares traded  was  28,394 at  the BSE (Wednesday).