The company also said Marcus Feichtner, who was the Executive Director of its partner AVL's India Technical Centre, will head the newly-created division -- Engine Design & Development.
Also read: Here's why Hero will outperform Bajaj Auto going ahead
Before joining Hero MotoCorp, Bhargava was Senior Partner in McKinsey & Co. "He (Bhargava) will develop and execute the group performance agenda, define and drive special initiatives, and support me on our performance transformation initiatives,"
Hero MotoCorp Managing Director & Chief Executive Officer Pawan Munjal said in a statement. Bhargava will be part of Hero MotoCorp's top leadership group and will report directly to Munjal while Feichtner will report to the Head of Research & Development (R&D).
"As we go through one of our most exciting phases, a technological ecosystem will also form the core foundation of our growth. This is where Markus will play a critical role with the ideal credentials, experience and domain knowledge in strengthening this development process," Munjal said.
With AVL as one of the technology partners of Hero MotoCorp, Feichtner has already been working closely with the company in his capacity as the Executive Director of AVL's India Technical Centre, which he had set up, and was responsible for technical leadership, strategy generation and business development at the centre.
The company said it has also appointed Anadi Pande as the Director of the School of Business & Management at the newly-established BML Munjal University.
He was earlier the Head of Human Resource Management (HRM) and Corporate Planning & Strategy at Hero MotoCorp.
Hero Motocorp stock price
On November 07, 2013, Hero Motocorp closed at Rs 2109.90, up Rs 3.65, or 0.17 percent. The 52-week high of the share was Rs 2149.65 and the 52-week low was Rs 1434.05.
The company's trailing 12-month (TTM) EPS was at Rs 104.77 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 20.14. The latest book value of the company is Rs 250.70 per share. At current value, the price-to-book value of the company is 8.42.
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