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Hero MotoCorp inks deal with European design and tech firm
Posted on 06 Sep 20128,261 Views1 Comments
Name of new partner yet to be revealed but the European company boasts expertise in engines, hybrids and electric bikes according to Hero MotoCorp Managing Director Pawan Munjal
Hero MotoCorp Ltd, the world's largest maker of two-wheeled vehicles, has signed an agreement with a European design and technology partner, Managing Director Pawan Munjal said, its third partner since its split from Japan's Honda Motor Co.
The Indian firm will announce the name of its new partner soon.
Last year Hero ended a 26-year joint venture with Honda Motor, a move that allowed it to explore new products and export opportunities in markets where the Japanese company has a presence.
"This company has end-to-end capability in all kinds of two-wheelers," Munjal said, referring to the new partner, adding that it boasts expertise in engines, hybrids and electric bikes. "It is somebody from Europe."
In February, Hero announced a partnership agreement with U.S. superbike company Erik Buell Racing, and in March signed a research deal with Austrian engine manufacturer AVL.
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atul
it is a good approch by indian bike makers to provide new features in same price. Hero is offering this bike in same cost of stunner with lods of features
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