MUMBAI, June 11 (Reuters) - India's Hero Motors Ltd. has signed a memorandum of understanding with Kiriu, a subsidiary of Japan's Sumitomo Corp. , for a joint venture and a technical collaboration to make auto parts.
Munjal Sumi Kiriu Ltd., as the joint venture company will be called, will make disc brakes and knuckles, Hero Motors said in a statement.
Hero Motors, a part of the Munjal family-owned Hero Group, will own 66.6 percent in the venture and contribute towards ...
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