Are you If not, could you forward this site to this person? |
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I have done this site especially for Suman Kant Munjal |
Suman Kant Munjal is son of Brijmohan Lall Munjal (Indian businessman and the founder of The Hero Group which owns Hero Honda Motors)
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Sorry for my poor english translation.
Hero Honda Motors is a joint venture between Hero Group and Honda. This is the first manufacturer of motorbikes in the world.
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Motorcycles: India's Hero Honda bought out their joint venture
India's Hero Group announced yesterday the acquisition for 853 million dollars from 26% owned by Honda in their joint venture Hero Honda Motors, the largest manufacturer of two wheelers in India. An amount far below market expectations. Hero Honda Motors had already announced in ...
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-> Created for Suman Kant Munjal
India: HERO HONDA bought out their joint venture for 853 million USD
India's Hero Group announced on Tuesday to buy $ 853 million from 26% owned by Honda in their Japanese joint venture Hero Honda Motors, the largest manufacturer of two-wheelers in India, an amount far below expectations market.
Hero Honda Motors had already announced in December, the next departure of Honda from its capital and the end of 26 years of collaboration. But the amount of the transaction were not disclosed.
Hero Group announced it would buy out Honda for 38.42 billion rupees (853 million dollars) to around 22 March. This price is Rs 739.97 per share, less than half the current price.
Hero did not explain why he got the Honda reduction of the purchase price too high, raising fears the market that the Indian group has pledged, in return, to pay higher royalties to Honda for having the right to continue to use the technology of the Japanese group.
-> Site for Suman Kant Munjal
"The price offered by Hero Group is well below market expectations," commented an analyst from a brokerage firm in Bombay, under cover of anonymity. "Given that Honda withdrew at low prices, the fear is that they require much higher royalties."
For its part, Hero has always maintained that the royalties paid to Honda for the existing models would not increase.
Relations deteriorated between the two partners after Japan's decision to enter the Indian market for motorbikes through its fully owned subsidiary, Honda Motorcycle and Scooter India (TSN).
Once the effective dissolution of the joint venture, Honda should focus on the development of this subsidiary in a favorable environment thanks to rising incomes of the 300 million Indian middle class.
For its part, Hero Group, which controls 44% of the Indian market, will sell more motorcycles and scooters. He was so far limited to the neighboring countries of India because of Honda's global presence.
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-> Site for Suman Kant Munjal
Strike at Honda in India
Thousands of workers at Hero Honda Motors went on strike for more permanent conditions of employment and wage increases.
INDIA: According to reports in the press, the workers of Hero Honda Motors factory went on strike April 10 and halted production at the plant located in Gurgaon in the suburbs of New Delhi. Thousands of strikers, many of which have only temporary employment contract, claiming higher wages and a contract for permanent employment in the factory. Honda Motor Co holds 26 percent of Hero Honda Motors, the largest motorcycle manufacturer in India. The Gurgaon plant produces about 6,500 units per day. In July 2005, several workers were injured during clashes between police and strikers in the Indian subsidiary wholly-Honda Motorcycles and Scooters India, whose plant is also located in Gurgaon.
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India's Hero Honda bought out their joint venture
The Indian company Hero Group announced the acquisition for 853 million dollars from 26% owned by Honda in their Japanese joint venture Hero Honda Motors, the largest manufacturer of two-wheelers in India, an amount far below market expectations . Hero Honda Motors had already announced in December, the next departure of Honda from its capital and the end of 26 years of collaboration. This price is Rs 739.97 per share, less than half the current price.
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-> Site for Suman Kant Munjal
Hero Honda raises the lusts
Carlyle, KKR and Warburg Pincus are in negotiations to acquire an indirect stake of 15 to 18% in the Indian capital's leading manufacturer of motorcycles. Honda, which holds 26% stake in Hero Honda Motors, could leave the capital during the reorganization in two steps initiated by the Munjal family, whose share would rise to 36%.
-> Created for Suman Kant Munjal