Honda Completes Exit From Hero Honda

8/6/2019 Honda Completes Exit From Hero Honda

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Honda completes exit from Hero Honda

PTI Apr 5, 2011, 01.59pm IST

Tags:

y Japan|

y Honda Motor

NEW DELHI: The country's largesttwo-wheeler makerHeroHonda today said its erstwhileJapanese promoterHonda Motor Co has exited the company completely after selling its 26 per

cent stake to a group firm ofthe Indian promoter family.

"... Pursuantto a share transfer agreement amongstthe promoters ofthe company, Honda MotorCo, Japan, has transferred the whole of its shareholding/voting rights in the company toHero

Investments Pvt Ltd, forming partofthe Indian promoter group ofthe company," HeroHonda

said in a filingto

the B

ombay S

tock Exchange (BSE).

"Consequenttothe same, Honda Motor ceases to be a promoterwithin the meaning ofthe term

under all applicable securities laws, including the Listing Agreement(s) with the stockexchanges," it added.

HIPL pledges 2.6% stake in Hero Honda to

IL&FS

PTI Apr 19, 2011, 08.52pm ISTTags:

y Hero Investments Pvt Ltd|

y HeroHonda Motors Ltd.

NEW DELHI: The country's largesttwo-wheeler makerHeroHonda today said its promotergroup firm Hero Investments Pvt Ltd (HIPL) has pledged 2.6 per centofthe company's stake

estimated to be worth over Rs 900 crore.


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According to a filing tothe Bombay Stock Exchange (BSE), HIPL has pledged 52 lakh shares ontwo equal transactions to IL&FS Trust Company Ltd on April 13.

Although the auto major did not reveal the deal size, as perthe closing price of Rs 1,735.10 a

share on the day oftransaction, HIPL is likely to have raised over Rs 900 crore.

Sell Hero Honda: Ashwani Gujral

ET Now Apr 18, 2011, 10.08am ISTTags:

y stocks|y Market

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about

Hero Honda.

What is the call on Hero Honda?

HeroHonda 1850-1900 is about getting tothe top end ofthe range and given the state ofthe

market and given that auto stocks facing a lotof headwinds, if you got in around 1400, you are atthe pointwhere youwould like totake some money offon HeroHonda. It has not gone beyond

2000 in any meaningful way. So maybe take profits and watch out. In case 2000 gets crossed,then youwould probably look for another 400 to 500 bucks on the upside but I do not believe

2000 will get crossed so easily. So now any rallies from here, you need totake profits offonHeroHonda.


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Hero Honda to pay 45 bn yen to Honda for

licencing till 2014Apr 29, 2011, 03.14pm ISTTags:

y Honda Motor Co|

y Honda

NEW DELHI: India's largesttwowheeler-makerHeroHonda will pay Honda 45 billion yen(about Rs 2,450 crore) till 2014 as partof a new licencing agreement signed between the Hero

Group and the Japanese auto major after deciding to partways on their joint venture.

HeroHonda Motors Ltd (HHML) said the amount is in line with its existing rate of royalty

payment, which is about 2.7 per centto 2.8 per centof net sales.

Forthe existing products, the Indian group will stop paying royalty by June, 2014, it added.

"... Honda and HHML have signed a new licencing agreement, which enables HHML tocontinue producing, selling and servicing its current products. Consideration forthe licencing

agreementwas JPY 45,000 million and becomes due through 2014," Honda Motor Co said in astatement.

Hero Honda changes name, becomes Hero

MotoCorp Ltd

PTI Jul 29, 2011, 12.38pm ISTTags:

y Wolff Olins|

y New Delhi

NEW DELHI: The country's largesttwo-wheeler makerHeroHonda Motors on Friday said it has changed its name

toHero MotoCorp following the exitof its erstwhile Japanese promoter, Honda, from the company.


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The company is also in the process of introducing a new global brand identity in London next month.

" HeroHonda Motors Ltd (HHML) was today formally renamed as Hero MotoCorp Ltd. In the run-up tothe

unveiling of its new global brand identity, the world's largesttwo-wheeler manufacturer received the necessary

statutory approval from the Registrarof Companies (RoC) today forthe changeovertothe new name," the company

said in a statement

Hero Honda bikes to sell as Honda in

Vietnam

PTI Apr 17, 2002, 06.47pm IST

NEW DELHI: Japanese automakerHonda Motor has, forthe firsttime, started sourcing

motorcycles from its Indian joint venture HeroHonda to sell them underthe 'Honda' brandnamein Vietnam.

Confirming this, HeroHonda Senior Vice President (Sales and Marketing) Atul Sobti said thecompany has exported its 100cc 'Street Smart' step-thru motorcycle toHonda Vietnam which

would be sold underthe 'Honda Cub' brandname.

"Theyw

ere shipped as Co

mplet

ely-K

no

cked-

Dow

n kit

s in cou

pleo

ft

hou

sandsu

nit

s," So

bt

isaid.

He said HeroHonda was presently exporting motorcycles toHonda subsidiaries worldwide

which were sold only underthe 'HeroHonda' brandname.


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Hero Honda to reveal new brand identity in

London on August 9

PTI Jul 23, 2011, 10.12pm ISTTags:

y Wolff Olins|

y New Delhi

NEW DELHI: The country's largesttwo-wheeler makerHeroHonda will reveal its much-anticipated global brand

identity in London on August 9, as ittakes the first major step of establishing its new image after going solo

following erstwhile Japanese promoterHonda's exit.

"...as a significant first step towards the company's transformation into a major global brand, we would be unveiling

our new brand name and identity in London, United Kingdom, on August 9, 2011," the company said.

Earlier in March this year, the company had hired global brand and innovation specialist Wolff Olins to create its

new brand identity. A partofthe Omnicom group, Wolff Olins was mandated toworkon the new brand identity in

its totality, including the brand architecture, name, logo and positioning.

Bajaj closes in on Hero Honda

TNN Sep 2, 2006, 01.24am IST

MUMBAI: Bajaj Auto has pulled closertoHeroHonda in the numberof motorcycles sold each month, raising the

possibility of an imminent change in the leadership position in the world's second-largest bike market.

Pune-based Bajaj sold 180,570 motorcycles in August, a 21% growth overthe year-ago period. HeroHonda, which

had dominated the industry till recently, announced a 15% drop in sales to 2,08,576 bikes due to a four-day

shutdown, stock pile-up at dealers and strong competition from Bajaj's Platina and Discover.


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Read more on Wolff Olins|New Delhi|London|Honda|Hero MotoCorp Ltd|Hero Honda Motors Ltd.|Hero Honda

Motors Ltd|Brijmohan Lall

Hero MotoCorp Ltd.

BSE

1784.00

-00.72%

-13.00

Vol:39203 shares traded


8/9

NSE

1785.35

-00.99%

-17.90

Vol:230939 shares traded

Prices|Financials|Company Info|Reports

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Hero Honda to reveal new brand identity in London on August 9

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Hero Honda becomes Hero MotoCorp

Hero Honda plans big push in overseas markets

Hero may use Honda's current technology for future models

NEW DELHI: The country's largest two-wheeler maker Hero Honda Motors on Friday said it has changedits name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from thecompany.

The company is also in the process of introducing a new global brand identity in London next month.

"Hero Honda Motors Ltd (HHML) was today formally renamed as Hero MotoCorp Ltd. In the run-up to theunveiling of its new global brand identity, the world's largest two-wheeler manufacturer received thenecessary statutory approval from the Registrar of Companies (RoC) today for the changeover to the newname," the company said in a statement.

Earlier last month, the shareholders of the company had approved the changing of the name.

"It is not just a change of name, it marks the ushering in of a new era that will unlock the immensepotential of this company to build its own capabilities to grow beyond boundaries and set newbenchmarks," Hero MotoCorp Chairman Brijmohan Lall said.

Commenting on the development, Hero MotoCorp Managing Director and CEO Pawan Munjal said: "Itmarks the beginning of a new era of innovations -- be it in the field of technology and productdevelopment or customer satisfaction and expanding our footprint across global markets."

Earlier, in March this year, the company had hired global brand and innovation specialist Wolff Olins tocreate its new brand identity. A part of the Omnicom group,Wolff Olins was mandated to work on the new

brand identity in its totality, including the brand architecture, name, logo and positioning.

Later on, in May, the two-wheeler major roped in Law & Kenneth (L&K) as a creative partner to launchand establish the new brand of the company. The independent brand communications firm was mandatedto devise the new brand positioning of the company.

It embarked on the journey to acquire a new brand name after the two joint venture partners of HHML --Hero Group of India and Honda Motor Co -- decided to part ways in December last year. The Hero Grouphad agreed to buy out Honda's 26 per cent stake in HHML for Rs 3,841.83 crore.


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As per an agreement signed between the two erstwhile partners, Hero can use the Honda brand till 2014,but the Indian group wants to acquire a new identify of its own at the earliest in order to maintain itsleadership position.

Hero Group and Honda had signed a new licencing agreement in March under which the Indian firm willpay Honda 45 billion yen (about Rs 2,450 crore) till 2014.

Shares of the company were trading 1.17 per cent down at Rs 1,800.75 apiece on the Bombay StockExchange in the afternoon today. PTI TR ARV ARV 07291202 NNNN

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Honda Completes Exit From Hero Honda