Hero Motor Corp to launch 8-10 new models; ties up technology

Hero MotoCorp, the world's largest two-wheeler manufacturer, plans to launch 8-10 new models and new variants during the current financial year (2012-13).

The company, which continues to make its earlier models - the Splendor and Passion motorcycles and Pleasure scooter - has already launched its own brands, the Ignitor motorcycle and Maestro scooter early this year.

Hero MotoCorp, which ended its partnership with Japan's Honda in 2010, is now working on new model built completely by itself. The new products are likely to enter the market by the end of March, the company said.

Hero Motor Corp also signed an agreement with a European design and technology partner, reports quoting its managing director Pawan Munjal as saying.

Hero did not disclose the name of the technology partner, its third, after the split from Japan's Honda Motor Co.

According to Pawan Munjal the company with which Hero would tie up had end-to-end capability in all kinds of two-wheelers adding that it boasted expertise in engines, hybrids and electric bikes.