Hero Motors Ltd. has signed a memorandum of understanding with Kiriu, a subsidiary of Japan‘s Sumitomo Corp., for a joint venture and a technical collaboration to make auto parts. Munjal Sumi Kiriu Ltd., as the joint venture company will be called, will make disc brakes and knuckles. Hero Motors, a part of the Munjal family-owned …
Category Archives: Auto Stocks
More summer for auto majors!
Monsoon may have hit our shores as expected but for the two wheeler makers it is going to be more summer. The motorcycle market’s vrooming growth has hit a roadblock, forcing top players to rationalise production and reduce dealer inventory. This is clearly evident from the market index, both BSE and NSE have rebounded and …