The Munjal family and Japanese Honda Motors formally announced the end of their 26-year-old joint venture.
After all the speculation surrounding the split, official news confirming the separation marks a new path for the Hero Group to pursue the Indian two-wheeler market as a majority holder. While Honda can also venture out on their own, and possibly even appear as competition for Hero.
At a press conference here, the companies declined to disclose the price negotiations.
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