The new industrial plant created from the Joint Venture signed in December 2013, between Hero MotoCorp Ltd. (60%) and Magneti Marelli S.p.A. (40%), dedicated to the production of engine control systems for two-wheeled vehicles, was opened recently in Manesar, India.
The new site will be operational with solutions dedicated to the production of powertrain and fuel injection technologies aimed primarily at the Indian two-wheelers market.
The production of Hero motorcycles during calendar year 2014 was over 6.64 million units (+ 8% on 2013). It is estimated that over 15 million motorcycle units are sold each year in South-East Asia.
The main objective of the Joint Venture between Magneti Marelli and Hero is to build a portfolio of advanced solutions for the engine control of two- or three-wheeled vehicles that take advantage of the added value of electronics and raise the technological level of solutions available to date.
The scope of the agreement makes Magneti Marelli's innovative solutions available to the JV in electronic engine management which also include "ride by wire" technology. The "ride by wire" technologies, that allow electronic management of the power requested from the engine, optimise operation in addition to creating the technology foundation needed to enable future and possible hybrid propulsion solutions for two-wheeled vehicles, associated with transmission.
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