E-bike brand HNF Nicolai has reported a 103% growth in sales during the 2020 calendar year, compared with the previous 12 months.
Michael Hecken, chief sales and marketing officer of HNF, said HNF and Hero International’s joint strategy of working with independent bike dealers is paying off with more than half of all sales coming from IBDs. He said all of the Hero International businesses would benefit from the integration of HNF into the group, bringing with it German precision research and development.
HNF has established a global research and development centre in Berlin to design and engineer bikes and e-bikes for all the business, including Hero Cycles India, Insync in the UK, and Firefox India. HMC’s factories in India and Sri Lanka will support the brands with production and assembly of Hero International e-bikes and bikes.
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
0 Views
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.
Eight core industries output contracts 2.6% in Nov: Govt data
India’s core sector output had contracted 2.5% in October. (Photo: Mint)
2 min read
Share Via
Read Full Story
India’s eight infrastructure sectors contracted at a steeper pace of 2.6% in November, signaling that economic recovery in the pandemic-hit Asia’s third largest economy may still not be on strong footing.
The core sector, which constitutes 40% of the index of industrial production (IIP) showed signs of recovery in September with only 0.1% contraction from 6.9% dip in the preceding month. However, it contracted at a faster pace in October (-0.9%) and November. To be sure, IIP bounced back to register positive growth in September and October on the back of recovery in demand for consumer goods and a lower base effect.