After Hero MotoCorp entered into a joint venture with Magneti Marelli to form a new entity HMC-MM Auto Ltd in December 2013, it has now inaugurated its first autonomous production and development centre at Manesar in Haryana.
The new centre will serve as a production facility and innovation hub to develop new-generation fuelling systems for Hero MotoCorp products. Hero MotoCorp holds majority stake of 60 per cent in HMC-MM Auto Ltd while Magneti Marelli holds the rest. Once the operations begin, Hero MotoCorp will become the first Indian two-wheeler manufacturer to have its own fuel-injection system, production line.
“India is a growing participant in the global value chain, and is a place where companies can design, develop and manufacture innovative products efficiently. Hero’s vision is to be a part of this global value chain. We have crafted an exciting vision - to use electronics in order to achieve better engine performances, reduced energy consumption and control emissions. I am confident that this company will set a new technological paradigm. One of our core objectives is to position ourselves as a technologically driven, forward looking company, and we will continue to push the envelope in terms of skill, scale, leadership and best practices," said Pawan Munjal, CEO, Hero MotoCorp.
Hero MotoCorp has been slowly but steadily investing for its future products. This new development will not only give Hero MotoCorp an edge over others, but also help them try and keep the market leadership.
