Sponsored Links
11/21/2018 20 plazas to come up for Brand Khadi...Read More
11/21/2018 Ambani’s new content coup...Read More
11/21/2018 Bajaj Auto unveils its first car, the RE60...Read More
11/21/2018 Godrej Interio partners with Linet for healthcare biz...Read More
11/21/2018 Honeywell Turbo Tech to expand turbocharger portfolio in India...Read More
::News
Polls

FDI in Retail will affects farmer?

View Results

Loading ... Loading ...

Hero Honda, Munjals promoted Hero Group on Thursday said it will buy the entire 26 per cent stake of its Japanese partner Honda in the company for an undisclosed amount. Breaking its 26-year-old joint venture with Honda

The Hero Group and Honda hold 26 per cent each in Hero Honda that started operations in 1984 to become the world’s largest two-wheeler maker today.

As part of a new licensing agreement with Honda, the Hero Group will buy Honda’s 26 per cent stake in Hero Honda.

“This is the most important announcement I have made in last 25 years. The board has approved an MoU between Hero Honda and Honda,” Hero Honda managing director and CEO Pawan Munjal told reporters.

More about Munjal Group >

Share and Enjoy:
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • LinkedIn

Leave a Reply

You must be logged in to post a comment.