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Hero Motors: Hero Motors tunes up for D-Street, could raise up to Rs 1,500 crore

Hero Motors was spun off from Hero Cycles, a company helmed by Pankaj Munjal s father Om Prakash Munjal for decades before the latter passed away in 2015. Hero MotoCorp s Pawan Munjal is the son of Brij Mohan Lall Munjal, a sibling of Om Prakash Munjal. ....

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'Munjal family pact puts no curbs on Hero MotoCorp's Electric Vehicle business plans'


Synopsis
Pawan Munjal-led Hero MotoCorp is the market leader in internal combustion engine motorcycles and scooters, and has recently announced its foray into EVs. Hero Electric, run by Naveen, has claimed that only his branch of the broader Munjal family has the right to use the term ‘Hero’ for electric products, and no other family member has that right.
Hero MotoCorp has plans to launch its first EV in the fourth quarter of this fiscal.
Differences seem to be brewing between two factions of the Munjal family, with a top source close to the Pawan Munjal branch saying the decade-old ‘family agreement’ of the Munjals does not place curbs on ....

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