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Hero Motors forms JV with German firm
Hero Motors Ltd has formed a joint venture company with Germany-based ZF-Lemforder called ZF Hero Chassis Systems. The new company has been formed after the ZF Group's acquisition of a 50 per cent stake in Hero Motors' Chassis Systems business.
The joint venture company has already started with two production facilities at Halol, Gujarat and Talegaon, Maharashtra, which have a combined annual capacity of 1.6 lakh units. It currently supplies front corner module and rear axle assemblies to General Motors India for all of their car models.
Hero Motors Ltd has formed a joint venture company with Germany-based ZF-Lemforder called ZF Hero Chassis Systems. The new company has been formed after the ZF Group's acquisition of a 50 per cent stake in Hero Motors' Chassis Systems business. The joint venture company has already started with two production facilities at Halol, Gujarat and Talegaon, Maharashtra, which have a combined annual capacity of 1.6 lakh units. It currently supplies front corner module and rear axle assemblies to General Motors India for all of their car models.