Hero MotoCorp announced that the company subscribed on 09 December 2013 to a total of 1,749,999 equity shares of face value Rs 10 of HMC MM Auto at par constituting 60% shareholding in the joint venture company, incorporated as a joint venture between HMC and Magneti Marelli S.p.A.
The purpose of the joint venture is to sell, distribute and market complete two wheeler fuel injection systems or components parts thereof.
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