Magneti Marelli S.p.A. and Hero MotoCorp
Ltd. have signed a Joint Venture agreement aimed at the production of
powertrain systems for the two-wheeler market.
As per the agreement, Hero MotoCorp
is learnt to hold an ownership of 60% share in the Joint Venture, with
the remaining 40% to be held by Magneti Marelli. The construction of a
JV’s production plant is planned for 2015, at a location in India to be
defined shortly.
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