‘Munjal family pact puts no curbs on Hero MotoCorp’s Electric Vehicle business plans’

Differences seem to be brewing between two factions of the Munjal family, with a top source close to the Pawan Munjal branch saying the decade-old ‘family agreement’ of the Munjals does not place curbs on Hero MotoCorp NSE -0.51 % from selling electric vehicles (EV), nor does it prevent the two-wheeler maker from using its trademarks in other product segments.