MoneyWorks4Me

Hero MotoCorp’s arm invest $15 million in EBR

01 Jul 2013 Evaluate

Hero MotoCorp’s - wholly owned subsidiary incorporated in USA - HMCL (NA), Inc. has invested first tranche of $15 million in Erik Buell Racing, Inc. (EBR) on June 28, 2013. The US subsidiary had agreed to invest $25 million in EBR for a total stake of 49.2% in the share capital of EBR. The second tranche of $10 million is proposed to be invested within the next 9 months.

Hero MotoCorp is the World's single largest two-wheeler motorcycle company. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

Peers
Company Name CMP
Bajaj Auto 10417.00
TVS Motor Company 4093.00
Hero MotoCorp 5230.00
Eicher Motors 7280.00
OLA Electric Mobilit 35.01
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