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Tuesday, April 28, 2009

India's Hero Motors Gets $250 Million Order From BRP-Powertrain

NEW DELHI -(Dow Jones)- India's Hero Motors Ltd. - part of the group that owns motorcycle maker Hero Honda Motors Ltd. (500182.BY) - Tuesday said it has received a $250 million order to supply transmission equipment to Canada-based BRP-Powertrain.

"The global recession is putting pressure on large companies. Under (these) extreme conditions, the big companies are looking at sourcing from India," Hero Motors Managing Director Pankaj Munjal told a news conference.

The equipment will be supplied over five years from Hero's factory in Ghaziabad, near New Delhi, to BRP-Powertrain, a unit of privately-held Bombardier Recreational Products.

-By Rakesh Sharma, Dow Jones Newswires; +91-11-4356-3334; rakesh.sharma@ dowjones.com

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