Hero Motocorp forms powertrain JV with Magneti Marelli

Posted on: Dec 4, 2013 - 11:14am IST

India’s largest two-wheeler manufacturer, Hero Motocorp, signed a deal with Italian firm Magneti Marelli to form a joint venture that will produce two-wheeler powertrains. The Gurgaon-based two-wheeler manufacturer will hold 60 percent share in the JV. The venture will also build a production facility in an undisclosed location in India.

Mr Eugenio Razelli CEO Magneti Marelli and Mr Pawan Munjal MD & CEO Hero MotoCorp, announcing the joint venture.

Even though the plant is expected to become operational only by 2015, the two partners will soon begin design and development of technologies and solutions for two-wheelers. The deal stipulates that the solutions developed by the JV will be available for use by Hero Motocorp and the Indian two-wheeler industry in general.

The deal also makes available technologies that were previously developed by Magneti Marelli, like the ‘ride-by-wire’ innovation. This technology enables electronic handling of power demanded by the engine. It also lays a foundation for possible hybrid technology in two-wheelers.

Here Motocorp had previously split with its erstwhile technology partner Honda Motorcycles, leaving the company dependent on inhouse R&D for its products in the last two years. The Indian two-wheeler market saw a total of 63 million motorcycles and scooters being sold between 2007 and 2013. Hero Motocorp currently holds a majority 46 percent share of the Indian market, selling close to 7 million two-wheelers a year.

Hero Motocorp forms powertrain JV with Magneti Marelli – Press Release

[Can’t see the press release? Head to SlideShare]

Next would you like to read more about the or more about Hero Motocorp?

One thought on “Hero Motocorp forms powertrain JV with Magneti Marelli

  1. Dr. Nayak says:

    After departing from the 800 pound Japanese gorilla, Hero has taken best possible steps to become an undisputed leader in the two wheeler industry, not just in numbers but also in the technology. Today’s mini step is a major boost to India’s capability in terms of local development of advanced transmissions and powertrains. This will lead to the development of local knowledge base, which is essential for India’s ranking as a “go-to place” in engineering design and manufacturing (of course without any help from the corrupt government).

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

About the Author
Karthik
Karthik H

A bit of a car freak and a bike nut, and a fan of trucks and technology too. Expect sharp stories that focus on those four fronts. As always, stay tuned to IndianAutosBlog.com for quick and unassuming updates from across the world.