Hero MotoCorp, after the break up with their long time partner, Honda, is looking for many other partnerships with companies which is capable of providing HMC, a good technological support.
Hero MotoCorp MD & CEO, Pawan Munjal plans to look into new segments and spread beyond two-wheelers, this will be critical to its global plans and help meet a $10-billion turnover target over the next 5-6 years.
As a part of this plan, they first made tie ups with Erik Buell Racing (EBR). Mr. Munjal commented on this tie up as "I feel they have lots of new ideas, I think I can talk to them about even 100 cc engines over time. Some of our current bikes with EBR technology will be launched by the next fiscal."
He added that "For styling, we have a fair amount of expertise within, yet we will be bringing in more resources. We're also working on our own smaller engines in our R&D, with the support of technology partners, in the 100-125cc range.''
These tie ups will surely rise the quality of the products provided by the company. And if the company can create these technologically advanced products in India itself rather than importing, the company can give a competitive price tag.
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