Hero Motors Buys Strategic Stake For An Undisclosed Amount In Hewland Engineering
Hero Motors Buys Strategic Stake For An Undisclosed Amount In Hewland Engineering
Hero Motors, an auto components manufacturer has bought strategic stake in UK-based company called Hewland Engineering. The British company specialises in transmission design technology. By Kingshuk Dutta With Inputs from PTI | Updated:
19-Jan-21 02:09 PM IST
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Highlights
Hewland Engineering specialises in transmission design technology
Hero Motors is an India-based components manufacturer
Hero Motors Company (HMC), an auto components manufacturer, revealed that it has acquired strategic stake in Hewland Engineering, a UK based company which specialises in transmission design technology. The sum of acquisition was undisclosed.
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Hero Motors Acquires Strategic Stake In Hewland Engineering For Undisclosed Amount This new collaboration with Hero Motors provides a capital infusion that will help us execute our strategic growth initiatives, as well as enhance our capabilities and presence within the EV market,
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Auto components maker Hero Motors Company on Monday said it has acquired a strategic stake in UK-based transmission design technology firm, Hewland Engineering for an undisclosed sum.
The acquisition will enable the company to create a competitive single source entity to design and manufacture high-quality transmission products, particularly in the emerging EV segment, to OEMs (original equipment manufacturers) across North America, Europe and India, Hero Motors Company (HMC) said in a statement.