As a part of widening the plans of ‘Hero MotoCorp’ in sharing the technological advancement with other companies, the Indian giants have started looking to acquire new companies from the two – wheeler segment. The decision is according to the company’s plans to increase their base in foreign countries, where a large pool of market still remains untapped. Company’s director and CEO Pavan Munjal said that, while the decision to acquire companies is still not over, the process is seen as a plan to widen the horizon of the company whenever the right time occurs.
While this should be noted that last July, ‘Hero MotoCorp’ has acquired 49% of the US based company EBR. Apart from making a deal to share the technology along with EBR last year, Hero MotoCorp went onto sign in similar agreement with companies such as ‘AVL’ and ‘Engines Engineering’. The companies respectively based in Austria and Italy are leaders in their respective areas, while the former is in engineering technology, latter concentrates on the designing of two – wheeler vehicles.
No one would be wondering seeing all these sudden steps made by ‘Hero MotoCorp’ in acquiring new companies and sharing technologies with other companies. It is after ending their contracts with Japanese ‘Honda MotoCorp’, which ‘Hero’ started roaming all around the world to go hand in hand with the latest technological advancements.