Hero Group gets out of Daimler joint venture
India’s Hero Group has announced that they are getting out of their joint venture established with Daimler.
The collaboration was aimed to start manufacturing trucks in the Indian market.
Hero Group said that they decided to end their venture due to slowing down global economy.
Hero Corporate Services [...]

Daimler and Hero group venture gets approval from Indian government
The Union Cabinet has now given its approval to the proposed joint venture between Daimler and the Hero group.
The two companies had announced last year that they were going to collaborate on manufacturing light, medium and heavy commercial vehicles for the Indian market.
The government has now [...]