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First bike without Honda technology by 2014: Hero MotoCorp
Two-wheeler major Hero MotoCorp today said its first bike without the technology of erstwhile partner Honda will hit the market by 2014.
"We are working with different technology partners. Our first bike without Honda technology will be launched in 2014," said, Hero MotoCorp Managing Director and CEO Pawan Munjal.
The bike could be developed in India or anywhere but it would be on a completely new platform, he added.
The company continues to use Honda technology for its products after the break up of their joint venture, Hero Honda. It has a licence agreement with the Japanese firm till 2014.
In December 2010, the Hero Group and Honda had agreed to end their 26-year-old relationship with the Indian partner agreeing to buy out the latter's 26 per cent stake in Hero Honda for Rs 3,841.83 crore.
Since then the company has been stepping up partnership with other global firms.