Hero MotoCorp, the country’s largest two-wheeler maker has acquired 60% stake in its JV Company with Magneti Marelli. The company has subscribed to 17.49 lakh shares of face value Rs 10 in its joint venture ‘HMC MM Auto’.
The JV Company has been incorporated as a Joint Venture between Hero MotoCorp and Magneti Marelli S.p.A. The purpose of the Joint Venture is to, amongst others, sell, distribute and market complete two wheeler fuel injection systems or components parts thereof.
Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.
The JV Company has been incorporated as a Joint Venture between Hero MotoCorp and Magneti Marelli S.p.A. The purpose of the Joint Venture is to, amongst others, sell, distribute and market complete two wheeler fuel injection systems or components parts thereof.
Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.
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