Honda set to depart from Hero Honda
Posted by admin at December 4th, 2010 under Auto News |
Finally the Hero group and Honda Motorcycles seems to have reached a conclusion. As per the media report, Hero group and PE will acquire the 26% stake from Honda Motorcycles. The deal is said to be around $1.2billion (Rs 5500 crores approximately). Honda will sell its entire stake in the motorcycle maker to the Hero Group’s founding family and investment funds by as early as March. The standing agreement between Hero group and Honda to provide technical support to Hero Honda for development and production until 2014 will not be renewed, Nikkei report says.
How it will impact the Hero Honda? Can Hero sell bikes without the Honda suffix? Will the customers suffer due to unavailability of spares? What will be the future of Hero Honda? Time will answer these questions. Share us your thought on the same