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Hero MotoCorp gets nod to set up wholly owned subsidiary in Brazil

09 May 2024 Evaluate

Hero MotoCorp has received approval for setting-up a wholly owned subsidiary in Brazil. The line of business of subsidiary relates to manufacturing and distribution of two-wheeler vehicles including parts and accessories thereof. The Board of Directors of the Company in their Meeting held on May 08, 2024, has approved the same.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.


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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