Hero Honda will become Just Hero Motorcycles
According to some news sources Honda, Japan based bike manufacturer wants high royalties against record revenue and profit by Hero Honda but Hero groups does not want to pay more...
According to some news sources Honda, Japan based bike manufacturer wants high royalties against record revenue and profit by Hero Honda but Hero groups does not want to pay more than 26% stake. Due to this dispute Hero groups chairman Brijmohanlal Munjal will buy the 26% stake from Honda. As per the current market valuation Honda's 26% stake is valuation at over Rs. 9,000 crores. One of the most successful joint venture in the world for such a long time, Hero Honda joint venture was formed in 1984 between Indian Hero group and Japan based bike maker Honda.
Although companies management refuse this news and Honda's spokesman told that the company doesn't want to sell his stake. After the news in market Hero group issued a statement, as per statement the new report is incorrect and speculative. "we have already conveyed that the Hero group and Honda Motor have for years enjoyed very cordial and fruitful relations and there has been no change in the relationship in any manner".
If the news sources is going in right direction than it's possible that Hero Honda will become just Hero Motorcycle and Scooters Ltd.
Hero Splendor Plus User Reviews
- Too love the bikeThe bike is very nice and I love this bike. I like this bike's performance and comfort. This bike's suspension are very soft and works well. Seat is so comfortable. Overall a nice bike. I love this bike.Read More14 2
- Reliable and low maintenance bike for daily useBecause it's a simple bike with professional look and low maintenance cost. It has a simple and professional design and is comfortable for daily uses. It is also easy to handle in city traffic and suitable for regular commuting and everyday rides. Its riding experience has been good so far and also this bike feels comfortable and easy to handle, especially during daily city rides. The mileage is satisfactory, the performance is smooth, and the seating position is comfortable for regular use. Yes, because it comes with very low maintenance cost and good average bike and good looking a very simple and practical motorcycle for daily use. It offers good mileage, comfortable riding, easy handling. The professional design is also a plus point for the rider.Read More137 63
- MIND-BLOWINGThis is really good for villagers and middle class family, thankyou hero tum hi ek matra aise service dete ho, koi bhi nhi deta hai, Kya service hai ek shabd me bole to amazing, mai ek gaanv se hoon aur ye gaanv me bahut hi jyada popular bike hai, kitno ko hamne suggestions bhi diye hai ye bike khardne ke liye, mileage bhi acha hai.Read More132 51
- review of bike.Splendor is a good bike for daily commuters as it delivers a good mileage and smooth performance. In one word, a buget king or mileage king. Moreover maintainance is also low, parts are easily available in market. I will recommend this bike for all the office commuter as well as for local users. Overall nice bike.Read More126 80
- Hero Splendor Plus – The Everyday HeroMany people choose the hero splendor plus because it is practical and reliable commuter motorcycle. Excellent mileage around 65-70 kilometre per litre. Comfortable riding. Low maintenance and spare parts are widely available. I am happy with this bike. Easy to ride, light weight and very easy to handle. It is comfortable for beginners and city traffic. Hero has a large service network across India. Making repairs and servicing convenient. Budget friendly bike for everyday use. Yes, I would recommend hundred percent. It is trusted brand. Good resale value and easy to ride. It's engine is known for long term durability, mileage is good. Upright seating position and good suspension for daily riding.Read More125 78