Split will enhance research, dev capabilities: Pawan Munjal

Updated: December 17, 2010 20:12 IST

The Hero Honda Motors after parting ways with Honda Motors said on Thursday that the new arrangement will give them the freedom of enhancing their own Research and Development (R and D) capabilities and exploit global export and manufacturing opportunities. However, Fumihiko Ike, Honda's Managing Director and Chief Operating Officer for regional operations said that they would grant the necessary license to the Hero Group for continued production.

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