Back in 2013, Hero MotoCorp purchased 49.2% stake in Erik Buell Racing (EBR) for Rs. 150 crore against which EBR was helping the Indian two-wheeler giant develop upcoming models.
However, a couple of months back, EBR’s bankruptcy situation left Hero MotoCorp’s future developments hanging.
Now, Hero MotoCorp is all set to buy out EBR. Hero MotoCorp will buy all the remaining shares from owner & founder Erik Buell.
This comes as good news back here in India for those who were waiting for...