Mumbai, July 29 (IANS) Two-wheeler major Hero Honda Motors Friday said that it has certified its new brand identity as Hero MotoCorp Limited.
‘The company has received a fresh copy of certificate of incorporation consequent upon the change of name from Hero Honda Motors Ltd. to Hero MotoCorp Limited,’ the two-wheller major said in a filing to the Bombay Stock Exchange (BSE).
The two companies had ended their 26-year old association to pursue their own goals in the huge Indian two-wheeler market.
Honda already has a major presence in the Indian market through its wholly owned subsidiary Honda Motorcycle and Scooter India Private Limited.
Earlier, the company was allowed by the government to infuse Rs.4,500 crore (about $1 billion) in Hero Investments, part of the Hero group, to acquire Japanese partner Honda’s stake in the two-wheeler joint venture.
Hero, in early March, said it has arranged the required finance to acquire the 26 percent holding of Honda Motor in their joint-venture company Hero Honda Motors Limited (HHML) and pegged the Japanese auto major’s stake around Rs.3,842 crore.
