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 | 8948.05 |
Hero MotoCorp | 4487.75 |
TVS Motor | 2017.00 |
Eicher Motors | 4593.50 |
Atul Auto | 527.25 |
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