Sunday 19 June 2011

Hero Honda Gets Nod for Name Change

NEW DELHI Hero Honda Motors, the world’s largest two-wheeler company by volume, on Friday got shareholders’ approval to change its name to Hero MotoCorp. The shareholders’ approval will now be forwarded to the Registrar of Companies. Japan’s Honda Motor is exiting Hero Honda Motors after a 27-year partnership with the Munjals’ Hero Group. The joint venture was India’s largest motorcycle manufacturer with more than half the domestic market. The Munjals hold the right to use the Hero Honda name till 2014.

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