Hero MotoCorp

Hero MotoCorp buys nearly 50% stake in U.S. motorcycle firm

Hero MotoCorp buys nearly 50% stake in U.S. motorcycle firm

Two-wheeler giant Hero MotoCorp Ltd. has become the second-largest stakeholder in U. S.-based motorcycle firm Erik Buell Racing LLC by acquiring nearly half of the company's stake from its founder Erik Buell.

The India's largest motorcycle and scooter manufacturer announced on Monday that it had acquired a 49.2 per cent stake in East Troy, Wisconsin-based Erik Buell Racing LLC for $25 million.

The stake purchase by Hero MotoCorp is its first such investment, after the exit of Japan-based Honda Motor Co. from an erstwhile joint venture Hero Honda Motors Ltd.

Hero MotoCorp workers to meet additional labour commissioner over wage issue

Hero MotoCorp workers to meet additional labour commissioner over wage issue

Leaders of the Hero MotoCorp Workers' Union (HMCWU) has plans to hold a meeting with the Gurgaon-Manesar region's additional labour commissioner to bring their ongoing dispute with management over salary hike to his attention.

Hero MotoCorp's workers have long been demanding a considerable hike in their salaries, but have so far failed in their attempts.

HMCWU President Kawalpreet Singh said that their main demand was to get the wage issue settled as the earliest possible. He added that the union had urged the government officials to intervene and help settle the issue.