10/3/2023 0 Comments Hero honda company history1985 - The Company embarked on its 2nd phase of expansion of increasing its installed capacity from 1,20,000 to 1,50,000 vehicles per annum by the addition of several critical aliminium and steel components. The remaining 44,64,000 shares were offered at par for public subscription during November. Out of the balance 48,00,000 shares, 2,40,000 shares were reserved for subscription by the employees of the Company and 96,000 shares by business associates. Ltd., Japan and - (iii) 9,59,987 shares to friends and association of promoters. (ii) 31,20,000 shares to Honda Motor Co. of equity shares issued at par of which 71,99,985 shares reserved for allotment as under: - (i) 31,19,998 shares to Hero Cycles (P) Ltd., Hero Investments (P) Ltd., and Bahadur Chand Investments (P) Ltd. of equity shares subscribed for by the promoters, etc. CD-100 will be equipped with electronic ignition system, illuminated speedometer, 4 speed gear box, neutral and flasher indicators, etc. Its most attractive features are fuel efficiency and its light weight. Hero Honda CD-100 is the first four stroke motorcycle to be introduced in India in 100cc range. As per this collaboration agreement, HML was to furnish complete technical information and know-how and trade secrets and other relevant data. The Company entered into a technical-cum-financial collaboration agreement with Honda Motor Co. The Company was promoted by Hero Cycles (P) Ltd. The Company Manufacture motor cycles upto 100 cc capacity. Japan signed 1984 - The Company was Incorporated on 19th January, at New Delhi. 1983 - Joint Collaboration Agreement with Honda Motor Co.
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