Magneti Marelli

Hero MotoCorp purchases 60% stake in joint venture with Italy's Magneti Marelli

Hero MotoCorp on Wednesday announced its buyout of 17.49 lakh shares in HMC MM Auto Ltd., which represents a 60% stake in the company. HMC MM Auto Ltd. is a joint venture of Hero MotoCorp and Italian automobile company Magneti Marelli.

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