Tuesday, October 13, 2009

Hero Group in talks with Proton to make passenger cars in India

The Hero Group, which currently makes two-wheelers in partnership with Japan?s Honda Motor, is in talks with Malaysian carmaker Proton to manufacture passenger cars in India. Discussions between the two companies have been on for the past several months, and an agreement may be reached by the end of 2009. Proton is keen to cash in on the rapidly growing passenger car market in India, and has picked its compact car Savvy, flagship sedan Saga and mid-sized car Persona for entry into the country. According to an official at the Malaysian High commission, a high-level delegation from Proton will be coming to India by the end of this month.
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