Yamaha Motor and Hero Motors Company Sign Agreement for New e-Bike Hub-mounted drive unit Manufacturing Joint Venture - Building e-Bike Hub-mounted drive units in India to supply the growing global market -
IWATA, October 29, 2021 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announced today that it has signed an agreement with Hero Motors Limited —which owns Hero Cycles, India’s largest bicycle manufacturer—to establish a joint venture company for the manufacture of Hub-mounted drive units for electrically power-assisted bicycles (e-Bikes). The joint venture is scheduled to be established by the end of thi