Both partners will be investing a total of USD 8.5 million in the JV firm - HMC-MM Auto Ltd - in the next three years and around USD 27 million over the next ten years.
"We have decided to form a JV with Magneti Marelli for next geneation fuel injection systems...a total equity injection of USD 8.5 million in ratio of 60:40 will be injected in the JV over a period of three years," Hero MotoCorp MD and CEO Pawan Munjal told reporters here.
Also read: Hero MotoCorp sales up 5.61 % in November
He added the JV company would start manufacturing by the end of 2014 and is targeting USD 200 million in turnover in the next ten years.
Hero MotoCorp will hold 60 per cent in the JV while the Italian firm will have 40 per cent stake. The JV would also be open to supplying components to other manufactures as well, Munjal said.
HeroMotoCorp has already forged alliances with US based Erik Buell Racing (EBR) and Austria's AVL to enhance its R&D capabilities.
Hero Motocorp stock price
On December 03, 2013, Hero Motocorp closed at Rs 2048.15, down Rs 14.75, or 0.72 percent. The 52-week high of the share was Rs 2149.65 and the 52-week low was Rs 1434.05.
The company's trailing 12-month (TTM) EPS was at Rs 104.77 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 19.55. The latest book value of the company is Rs 250.70 per share. At current value, the price-to-book value of the company is 8.17.
Anda sedang membaca artikel tentang
HeroMoto announces JV with Magneti Marelli for powertrains
Dengan url
http://kebugaranhidup.blogspot.com/2013/12/heromoto-announces-jv-with-magneti.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
HeroMoto announces JV with Magneti Marelli for powertrains
namun jangan lupa untuk meletakkan link
HeroMoto announces JV with Magneti Marelli for powertrains
sebagai sumbernya
0 komentar:
Posting Komentar