Uttar Pradesh Campus Selection 2022 | World Largest Two Wheelers Company Hero Motocorp Private limited
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Company Name:- Hero Motocorp Private limited
Company About :- Hero Honda started its operations in 1984 as a joint venture between Hero Cycles of India and Honda of Japan.[6][7] In June 2012, Hero MotoCorp approved a proposal to merge the investment arm of its parent Hero Investment Pvt. Ltd. with the automaker. This decision came 18 months after its split from Hero Honda.[8]
“Hero” is the brand name used by the Munjal brothers for their flagship company, Hero Cycles Ltd. A joint venture between the Hero Group and Honda Motor Company was established in 1984 as the Hero Honda Motors Limited at Dharuhera, India. Munjal family and Honda group both owned a 26% stake in the company.
During the 1980s, the company introduced motorcycles that were popular in India for their fuel economy and low cost. A popular advertising campaign based on the slogan ‘Fill it – Shut it – Forget it’ that emphasized the motorcycle’s fuel efficiency helped the company grow at a double-digit pace since inception. In 2001, the company became the largest two-wheeler manufacturing company in India and globally.[3] It maintains global industry leadership to date.[3] The technology in the bikes of Hero Motocorp (earlier Hero Honda) for almost 26 years (1984–2010) has come from the Japanese counterpart Honda.[9]
Hero Karizma R
Hero Monda Passion
Uttar Pradesh Campus Selection 2022
By December 2010, the board of directors of the Hero Honda Group had decided to terminate the joint venture between Hero Group of India and Honda of Japan in a phased manner. The Hero Group would buy out the 26% stake of the Honda in JV Hero Honda.[10] Under the joint venture, Hero Group could not export to international markets (except Nepal, Bangladesh and Sri Lanka) and the termination would mean that Hero Group could now export. From the beginning, the Hero Group relied on their Japanese partner Honda for technology.[11]
Honda exited the joint venture through a series of off-market transactions by giving the Munjal family, which held a 26% stake in the company. Uttar Pradesh Campus Selection 2022 Honda, wanting to focus only on its independent fully owned two-wheeler subsidiary, Honda Motorcycle and Scooter India (HMSI), exited Hero Honda at a discount and get over ₹6,400 crore (equivalent to ₹120 billion or US$1.6 billion in 2020) for its stake. The discount was between 30% and 50% to the current value of Honda’s stake as per the price of the stock after the market closed on 16 December 2010.[12]
The rising differences between the two partners gradually emerged as an irritant. Differences had been brewing for a few years before the split over a variety of issues, ranging from Honda’s reluctance to fully and freely share technology with Hero (despite a 10-year technology tie-up that expired in 2014) as well as Indian partner’s uneasiness over high royalty payouts to the Japanese company. Another major irritant for Honda was the refusal of Hero Honda, mainly managed by the Munjal family),to merge the company’s spare parts business with Honda’s new fully owned subsidiary, HMSI.[12]
As per the arrangement, it was a two-leg deal: In the first part, the Munjal family, led by Brijmohan Lal Munjal group, formed an overseas-incorporated special purpose vehicle (SPV) to buy out Honda’s entire stake, which was backed by bridge loans. This SPV was eventually opened for private equity participation, and those included Warburg Pincus, Kohlberg Kravis Roberts (KKR), TPG, Bain Capital and Carlyle Group.[13]
Uttar Pradesh Campus Selection 2022
दुनिया की सबसे बड़ी दोपहिया वाहन निर्माता Hero Motocorp India private limited
Job Tenure :- Fixed Term Tenure initially 1 Year For Freshers Only ( FTE Based )
Age Limit :- 18 to 26 Years Last
ITI Pass Out Years :- 2018 to 2021 Passed
qualification :- 10th + ITI ( ITI Ncvt & Scvt )
ITI Trade For Boys :- Fitter, Turner, Machinist, MMV / DM / TM / Welder
ITI Trade For Girls :- All Above Technical TradeTraders + Copa
Minimum Weight Required
- Boys – 50 KG
- Girls – 45 KG
Salary :-
- FTE Salary – 15,800/- Per month
- App. Salary – 15,300/- PM
- In Hand
Other Benefits :- Canteen, Uniform, Shoes, Medical insurance, Girls Transportation Facilities, Diwali Bonus.
Selection Process :- written test / Interview
Uttar Pradesh Campus Selection 2022
Uttar Pradesh मे दो अलग अलग स्थानों पर कैंपस प्लेसमेंट लगाया जा रहा है सभी कैंडिडेट इस कैंपस प्लेसमेंट मे भाग ले सकते है !
Campus Selection Venue Details ( No.1 )
- Date – 15 /06/2022
- Time – 09:30 Am
- Venue – Government ITI Sultanpur Payagipur, Sultanpur Uttar Pradesh ( 228001 )
Campus Selection Venue Details ( No. 2 )
- Date – 16/06/2022
- Time – 09:30 Am
- Venue – Government ITI Pandu Nagar Kanpur, Uttar Pradesh ( 208005 )
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