Key Developments: Hero MotoCorp Ltd (HROM.BO)

HROM.BO on Bombay Stock Exchange

30 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Hero Motocorp Ltd to set up manufacturing plants in Brazil, Argentina-Business Standard
Monday, 1 Dec 2014 03:40am EST 

Hero Motocorp Ltd:Plans to set up manufacturing units in Brazil and Argentina, even as it expects upcoming plant in Colombia-Business Standard.  Full Article

Hero Motocorp to expand in India, set foot in Bangladesh, Colombia - Live Mint
Sunday, 19 Oct 2014 08:00pm EDT 

Hero Motocorp Ltd:Says it has outlined an investment of 50 bln india rupee to set up manufacturing plants in Colombia and Bangladesh overseas and in Gujarat and Andhra Pradesh.Also Research and design centre in Rajasthan.Says expansion is in line with the company‚Äôs plan to surpass 100 mln units in cumulative production by 2020.  Full Article

Hero Motocorp plans to invest $262 mln in new plant-Reuters
Monday, 15 Sep 2014 05:28am EDT 

Hero Motocorp Ltd:To invest 16 billion Indian rupees ($262 million) to set up a new manufacturing plant in southern India-Reuters.Plant to be spread across 600 acres which can produce upto 1.8 million vehicles annually.  Full Article

Hero Motocorp appoints Pawan Munjal as CEO and managing director
Tuesday, 5 Aug 2014 06:52am EDT 

Hero Motocorp Ltd:Appoints Pawan Munjal as vice chairman in addition to managing director and chief executive officer effective August 05.  Full Article

Hero Motocorp Ltd Board declares interim dividend
Tuesday, 5 Aug 2014 06:46am EDT 

Hero Motocorp Ltd:Declares an interim dividend at 1,500 pct that is 30 Indian rupees per equity share of two Indian rupees each.  Full Article

Hero Motocorp Ltd to set up manufacturing facility-Business Standard
Tuesday, 8 Jul 2014 03:50am EDT 

Hero Motocorp Ltd:Has commenced setting up of its 4.20 bln Indian Rupees ($70 million) manufacturing facility in Colombia-Business Standard.  Full Article

Hero Motocorp Ltd recommends dividend
Wednesday, 28 May 2014 09:28am EDT 

Hero Motocorp Ltd:Recommends a dividend at the rate of 3250 pct that is 65 Indian rupees per equity share of 2 Indian rupees each for the financial year 2013-14.  Full Article

Hero Motocorp Ltd updates joint venture with Magneti Marelli SpA
Wednesday, 11 Dec 2013 04:30am EST 

Hero Motocorp Ltd:Has subscribed on Dec. 09, to a total of 1,749,999 equity shares of face value 10 Indian Rupees (HMC Equity Shares) of HMC MM Auto Limited (JV company) at par constituting about 60 pct shareholding in the JV company.The JV Company has been incorporated as a Joint Venture between HMC and Magneti Marelli S.p.A.The purpose of the Joint Venture is to, amongst others, sell, distribute and market complete two wheeler fuel injection systems or components parts thereof.  Full Article

Hero Motocorp Ltd forms new joint venture with Magneti Marelli
Tuesday, 3 Dec 2013 02:30am EST 

Hero Motocorp Ltd:Says forms a joint venture with Magneti Marelli to develop and manufacture new fueling systems.Says new entity to be called HMC-MM Auto Ltd.Says the company will hold 40 percent and Magneti Marelli will hold 60 percent interest in this joint venture.  Full Article

Hero Motocorp Ltd Haridwar Plant To Resume Production From Tomorrow-Business Standard
Monday, 2 Sep 2013 03:45am EDT 

Business Standard reported that Hero Motocorp Ltd will resume from tomorrow normal operations at its Haridwar plant, which was hit by workers' agitation last week. The plant was scheduled to resume production from September 2, 2013 after workers and the management reached an agreement on Saturday. Production at the plant was affected last week with workers going on a tool-down agitation against the suspension of two colleagues. While the workers claimed that production at the plant had came to a complete halt, the management had insisted the impact was very insignificant. The workers had claimed that the management suspended two workers, one earlier this month and another on August 29 without proper reason. They had demanded their reinstatement.  Full Article

Bain Capital selling $200 mln of shares in India's Hero MotoCorp -term sheet

HONG KONG, Nov 6 - U.S. private investment firm Bain Capital is selling $200 million worth of shares in India's Hero MotoCorp Ltd, with an option to sell more, according to a term sheet seen by Reuters.

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