HMC-MM Auto Limited is a joint venture between India’s Hero MotoCorp and Italy’s Magneti Marelli with 60:40 share holdings respectively. A new production and development centre in Manesar, Haryana will be a base for future production and innovation planned for new generation two wheeler fuelling systems for Hero MotoCorp. With this new fuel injection system, Hero MotoCorp becomes the first Indian two wheeler maker to have its own Electronic Fuel Injection (EFI) production line.
The opening of the new HMC-MM Auto center was inaugurated by Pawan Munjal, Vice Chairman, Managing Director and Chief Executive Officer at Hero MotoCorp Ltd. along with Eugenio Razelli, Chief Executive Officer, Magneti Marelli while it was attended by dignitaries and senior officials from both companies.
The new facility in Manesar, which for Magneti Marelli is also the 10th industrial plant in India, will see construction of a new Electronic Fuel Injection system for Hero MotoCorp which will be seen in their future products and add to fuel efficiency, enhanced performance and handling while conforming to environmental policies. This technology will also see the inclusion of immobilisers, traction and slip controls besides multi map, flexi fuel and multi fuel management among others.
Hero MotoCorp Ltd, India’s largest maker of motorbikes is on an expansion spree and has recently acquired 592 acres of land in the Chittoor district in Ahdhra Pradesh. With plans to set up a plant for two wheelers and spare parts, the company plans investment of INR 1,600 crores and will offer direct and indirect employment to over 15,000 persons.
Eugenio Razelli, Chief Executive Officer, Magneti Marelli says the partnership with Hero in India is crucial. Together they can propel a technical revolution in an important two-wheeler market. The partnership will be an example of perfect cooperation for technical and mobility evolution.
Pawan Munjal says India is a growing participant in the global value chain with increased focus on manufacturing here. Hero strives to be a part of this global value chain and looks to use electronics to achieve better engine performances, reduced energy consumption and control emissions to strengthen its position as a technologically driven, forward looking company.
Hero motorcycles production in 2014 was over 6.64 million units (+8 pct on 2013). An estimated 15+ million motorcycle units are sold each year in South-East Asia. Magneti Marelli and Hero JV looks to build advanced solutions for engine control of two- or three-wheeled vehicle. Solutions will cater to powertrain and fuel injection technologies aimed primarily at the Indian two-wheeler market. Ride by wire technology is a focus area and pertains to electronic management of power requested from the engine.