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Hero MotoCorp gets nod to close wholly-owned subsidiary in USA

24 Oct 2019 Evaluate

Hero MotoCorp’s board has approved dissolution/ closure of its wholly-owned subsidiary, HMCL (NA) Inc., in United States of America (USA). The Board of Directors at its meeting held on October 23, 2019, has considered and approved the same. The company’s board has also approved closure of non-operative branch in Kenya and opening of a new branch in London to cater to key business geographies.

Hero MotoCorp is an India-based holding company and a two-wheeler manufacturer. The company is engaged in the manufacturing and selling of motorized two-wheelers, spare parts and related services.

Peers
Company Name CMP
Bajaj Auto 10950.10
TVS Motor Company 4491.00
Hero MotoCorp 5410.00
Eicher Motors 7620.00
OLA Electric Mobilit 33.96
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