Hero MotoCorp has admitted that they are talks in several parties including Ducati for a possible acquisition deal.
The company said:
Lots of people have been coming to us with Ducati: Not one banker but many bankers. We’re talking to a lot of people. Not just Ducati, whoever comes to us, we talk to them.
It would be pretty incredible if an Indian company ends up owning Ducati which is a well-recognized global superbike brand.
Tata Motors of course recently acquired Jaguar and Land Rover in a deal that made them a global brand overnight.
Hero MotoCorp is the largest two wheeler company in India. They have been looking for a major international partner for technical collaboration and business expansion outside the Indian market.