HMC-MM Auto Ltd., the joint
venture company formed between Hero MotoCorp Ltd. (HMCL) and Milan
(Italy)-headquartered Magneti Marelli (MM), has inaugurated its first
autonomous ‘Production and Development Centre’ at Manesar in the north Indian
state of Haryana.
The new centre will serve as a
production facility and innovation hub to develop new-generation fuelling
systems for HMCL two-wheelers. HMCL holds majority stake of 60 per cent in
HMC-MM Auto Ltd while Magneti Marelli holds the rest 40 pc.
HMC-MM Auto Ltd will help
build Electronic Fuel Injection (EFI) systems which will offer distinct
advantages to the engines used in Hero’s two-wheelers such as adaptability to
different working climates, altitudes, improved performance and fuel
efficiency, environmental regulations and gasoline blends. Additional
functionality such as immobilisers, traction and slip control, multi map, flexi
fuel and multi fuel management etc. will also be available with the above
With this new centre, HMCL has become India’s
first two-wheeler manufacturer to have its own EFI Product-line. The joint venture company was formed in in
Pawan Munjal, Vice-Chairman,
Managing Director & Chief Executive Officer, Hero MotoCorp Ltd. and Eugenio
Razelli, Chief Executive Officer, Magneti Marelli, inaugurated the centre at a
ceremony attended by several dignitaries including senior company officials, key
research & development executives and other associates.
Munjal, said, “India is a
growing participant in the global value chain, and is a place where companies
can design, develop and manufacture innovative products efficiently. Hero’s
vision is to be a part of this global value chain. We have crafted an exciting
vision - to use electronics in order to achieve better engine performances,
reduced energy consumption and control emissions. I am confident that this
company will set a new technological paradigm. One of our core objectives is to
position ourselves as a technologically driven, forward looking company, and we
will continue to push the envelope in terms of skill, scale, leadership and
Eugenio Razelli, said, “For
Magneti Marelli the partnership with Hero in India is crucial: together we have
the possibility of bringing a technical revolution in one of the most important
two-wheelers market in the world, aiming at a better mobility, great market
results and matching innovation, quality and affordability. I trust this
partnership will be an example of perfect cooperation for technical and
mobility evolution. For Magneti Marelli this is also an opportunity to
celebrate the birth of the 10th industrial plant related to our activities in India:
we are proud of the path we did so far in this Great Country.”
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