Rajiv

Desh ki dhadhkan Hero Honda Splits up

In Business, News on December 16, 2010 at 8:51 am

World Largest motorcycle Maker Hero Honda shall no longer be together as

Hero Honda, but the two auto giant companies have decided to part ways, breaking 26 years long JV after Munjal gave a go ahead for the proposal. However their Technological collaboration shall continue till 2014, for which Hero group shall pay royalty to Honda to the tune of Rs 1400 crore per annum. As part of exit agreement Hero group shall buy 26% of stake in Honda group.

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