Hero group to buy Honda stake in joint venture | autos | Hindustan Times
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Hero group to buy Honda stake in joint venture

autos Updated: Dec 16, 2010 16:51 IST

AFP
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India's largest motorcycle manufacturer Hero Honda Motors announced Thursday it was dissolving its joint venture with Japan's Honda Motor Co by buying out Honda's entire 26 percent stake.

"Today is a new beginning to broaden our horizons," Brijmohan Lall Munjal, Hero Honda's chairman, told reporters in New Delhi.

No value for the transaction was given.