The company was established as a joint venture company between Honda Motor Company of Japan and Hero ; they signed a joint collaboration agreement and formed the company. In the year , the company commenced their commercial production at Dharuhera plant in Haryana and introduced their first motorcycle, CD in the market. In the year , the company inaugurated their second manufacturing facility at Gurgaon in Haryana. In the year , they introduced new models, Ambition and CBZ in the market. During the year, they renewed the joint technical agreement with Honda Motors Company, Japan In the year , the company plundered into scooter segment and launched cc gearless Scooter, Pleasure in the market. During the year , the company commissioned their third plant at Haridwar in Uttarakhand with an initial installed capacity of , units.
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The decision comes after 18 months of its split from Honda Motors. In , it was reported that Honda planned to sell its stake in the venture to the Munjal family. During the s, the company introduced motorcycles that were popular in India for their fuel economy and low cost. The technology in the bikes of Hero Honda for almost 26 years — has come from the Japanese counterpart Honda. These plants together are capable of churning out 3 million bikes per year. Hero MotoCorp has a large sales and service network with over 3, dealerships and service points across India.
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It was founded by Soichiro Honda. Its headquarters are in Minato, Tokyo, Japan. It also produces more than 14 million internal combustion engines, each year. It started in India for the Indian army cc bikes were imported in kits from the UK and assembled in Chennai After a few years on the insistence of Pandit Jawaharlal Nehru, the company started producing the bikes in India and added the cc bullet to its line. Within no time, bullet became popular in India.
General motors received…. Despite this, GM kept innovating, introducing, among other things, the Chevrolet Volt concept, an electric car. However, the recession, which led to a severe credit crunch, was hard on GM which was in need of working capital. It was able to receive a loan from the government, but under the condition that it would accelerate tough restructuring measures.