Discord started in the family regarding Hero brand, here’s what is the reason– News18 Hindi

New Delhi. Tension has started between uncle-nephew Naveen and Pawan Munjal over the use of Hero brand for electric vehicles. Actually Naveen Munjal is the managing director of Hero Electric and his uncle Pawan Munjal is the manager of Hero MotoCorp. In such a situation, Pawan Munjal is now thinking of entering the segment of electric vehicles. Due to which he is also thinking of launching his Wheelak under the banner of Hero brand. Due to which tension has started between uncle and nephew. Let’s know about it…

Hero MotoCorp will launch electric vehicle in 2022- Hero MotoCorp is planning to launch an electric two-wheeler in 2022. For this, the company has tied up with Gogoro Company of Taiwan. Both the companies are developing electric vehicles together.

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Hero Electric’s owner said this – Moneycontrol Naveen Munjal, Managing Director, Se Hero Electric, said, “We are not worried about this as there was a clear agreement in the family about this when we did the restructuring in 2010. It laid down the terms of use of the brands. With regard to the product segments There is a condition not to compete.”

At the same time, he made it clear that, if someone enters it, then we have to take our necessary steps, which are available to us by law. We are very clear not only on the spirit of the agreement but also on the wording of the agreement. There is no ambiguity on this.

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Hero MotoCorp gave this answer – When Hero MotoCorp was talked about this whole matter, he replied to Moneycontrol via email saying that, we never make statements about our future plans and new launches. In such a situation, whatever steps will be taken by the company, all will be determined on the future.

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