place and we are going ahead as per our own timelines we would however like to talk about these in details at an appropriate time et on january 30 was the first to report that hero has already started dispatching its twowheelers to new international markets such as el salvador guatemala and honduras in latin america a continent where hero has presence only in colombia its first consignments to africa will also commence soon the company is looking to speed up new launches invest in capacity addition expanding its already vast distribution network and aggressively foray into new international markets it is expected to make some announcements in the near future the official said hero motocorp cfo ravi sud had told et last week that the company has earmarked rs 1100crore capital expenditure for fy14 we are no stranger to competition we have put in place a multifocal strategy to sustain and build upon our leadership he had told et hero motocorp is working on a new line up of technologically advanced and environmentfriendly twowheelers range targeting both domestic and the global markets