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

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

autos Updated: Dec 16, 2010 16:51 IST

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.

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