HeroMoto announces joint venture with Magneti Marelli

The country's largest motorcycle maker HeroMoto Corp today announced a joint venture with Milan-based Magneti Marelli for manufacture of new generation powertrains.       Both partners will be investing a total of $8.5 million in the joint venture (JV) firm - HMC-MM Auto Ltd - in the next three years and around $27 million over the next ten years. "We have decided to form a JV with Magneti Marelli for next generation fuel inje...