Hero MotoCorp’s JV ‘HMC-MM Auto’ has inaugurated its first autonomous ‘Production and Development Centre’ at Manesar in the north Indian state of Haryana on March 25, 2015. HMC-MM Auto is the Joint Venture (JV) between Hero MotoCorp (HMCL) and Milan (Italy)-headquartered Magneti Marelli (MM).
The new centre will serve as a production facility and innovation hub to develop new-generation fuelling systems for HMCL two-wheelers. HMCL holds majority stake of 60% in ‘HMC-MM Auto’ while Magneti Marelli holds the rest 40%.
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.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 10180.00 |
| TVS Motor Company | 3627.25 |
| Hero MotoCorp | 4945.00 |
| Eicher Motors | 7377.45 |
| Ather Energy | 1215.70 |
| View more.. | |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: