Munjal Kiriu Industries Private Limited - Gurugram

Munjal Kiriu Industries Private Limited is a Joint Venture Company formed by Hero Motors Limited, a well renowned company of Hero Group in India and Kiriu Corporation and Sumitomo Corporation, well renowned companies of Sumitomo Group in Japan in 2010 to manufacture Brakes Discs, Brakes Drums, Cylinder Block, Pressure Plate, Brake Plate and Steering Knuckles for automotive original equipment manufacturers viz. Maruti Suzuki India Limited, Honda Cars India Limited, Renault Nissan Automotive India Private Limited etc. in the Indian and overseas market. The company also capture approx. 80% of Indian Market in the Non- Automotive Products viz Crankcase which needs to be used for manufacturing of compressors for refrigerators, washing machines, air conditioners etc. in India and Overseas.

Pursuant to the demerger of Hero Motors Limited through Scheme of Arrangement in 2016, some undertaking of Hero Motors Limited has been transferred to Hero Cycles Limited along with the shareholding of Munjal Kiriu Industries Private Limited. Hence, this JV exist under the brand of Hero Cycles Limited along with Kiriu Corporation and Sumitomo Corporation currently.

Kiriu Corporation, established in 1906, 100% subsidiary of Sumitomo Corp, has emerged as world class supplier for Disc & Drum and owns highly facilitated R&D setup for design & development of Brakes. Kiriu Corporation has diversified its business in various countries in the world viz Japan, China, Korea, Thailand, Indonesia, Mexico, USA & India with aggregated sales turnover of INR 2800 Crores.

The Company made an investment of INR 450 Crores in its plant at Manesar, Haryana (India), 60km from Delhi and INR 160 crores in another plant in Vithalapur Gujarat. .Both plants are well equipped with state-of-art foundry having Disa-Matic moulding line, compatible sand plant with sand multi controller, dual track induction melting furnace and online shot blasting machine.

This alliance is a strategic move to focus on high technology, high quality and high precision automotive manufacturing for the enjoyment of ultimate consumer.