Sunil Kant Munjal exits Hero MotoCorp as Joint MD, as company discloses family agreement

The firm has stated that the division of BML Munjal Group Entities is the reason for Munjal's exit from Hero MotoCorp's top management.

Autocar Pro News Desk By Autocar Pro News Desk calendar 14 Aug 2023 Views icon3075 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Sunil Kant Munjal exits Hero MotoCorp as Joint MD, as company discloses family agreement

Hero MotoCorp stated in a BSE filing that Sunil Kant Munjal will exit the firm as the Joint Managing Director after disclosing its family settlement agreement from the promoters. 

"The Management and Control of Listed Entity vested with the Family Group and Mr. Sunil Kant Munjal resigned as Joint Managing Director in the listed entity," the company said. 

"Understanding reached between "Family Group" and Sunil Kant Munjal on the usage of trademark HERO", it further stated. 

The firm has stated that the division of BML Munjal Group Entities is the reason for Munjal's exit from Hero MotoCorp's top management. The agreement was entered upon on 27 July, 2016. 

RELATED ARTICLES
EKA Mobility, KPIT, and BPCL Deploy Hydrogen Fuel Cell Bus at Cochin Airport

auther Sarthak Mahajan calendar17 Mar 2025

The collaboration introduces a 9-meter hydrogen fuel cell bus as part of a three-year Proof of Concept project, aiming t...

Tata Motors Announces Price Hike for CVs as Costs Continue to Rise

auther Sarthak Mahajan calendar17 Mar 2025

This follows an earlier increase of up to 3% in prices of Tata Motors' passenger vehicles implemented in January.

Dr. Lakshmi Venu Appointed as Vice Chairman of TAFE

auther Sarthak Mahajan calendar17 Mar 2025

Tractors and Farm Equipment Limited (TAFE) has named Dr. Lakshmi Venu as its Vice Chairman. With experience in farm mech...