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- PICS: Auto sector drives past bad phase, hopes for better
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HERO ENTERS NEW MARKETS: Two-wheeler market leader Hero MotoCorp on the other hand announced ambitious plans to enter 50 new markets and touch Rs 60,000-crore turnover by 2020. It plans to launch 12 new models by March next year. Hero also picked up 49.2 per cent stake in US-based high-end motorcycle maker Erik Buell Racing (EBR) for USD 25 million, besides forming a JV with Italian firm Magneti Marelli to develop new generation powertrains.