Hero Honda Use their Technology In Future Products

It 'was the perfect set-up for joint venture partners to get to December. When the hero of the group separated, and Honda, the largest producing country of Hero Honda two-wheelers can take advantage of the former promoter of the technology used in the Honda current model for developing future products. It was reported that, after deciding to part with their 26 years of age joint venture, Hero Group and Honda signed a new licensing agreement with a group of Hero Honda will pay 45 billion yen (about Rs 2,450 crore) until 2014 . Reports said Hero Honda Motors Ltd, Chief Financial Officer Ravi Sud said: "We have the right to use the (Honda) technology eternally existing models as part of the organization."


According to reports, under the agreement Hero Honda is free to modify or use the platforms of all existing products, including Splendor, Passion, CBZ to develop new models. "Before, we had to take permission from Honda to make a change, although the graphic design, but now we can modify the engine or gearbox or develop platforms, if we want ourselves," said South said. He also mentioned that when asked if Hero Honda will use existing technology for the development of future products, he said: "Well, we have rights and we want to use it."


It was reported that, in addition to considering the use of technology to Honda, the company also develops its own R & D, both manpower and logistics. "The development of new products is an area of ​​interest as we move forward to expand our customer base. We remain ready to respond to market demand for our products," Munjal has been quoted as saying.


The reports say the company has earmarked up to Rs 800 million rupees as capital expenditure for the year 2011-12, mainly for building its fourth plant and also to R & D. According to their agreement, India's can use the Honda until 2014 but the company has made clear it wants to acquire its own identity, as soon as possible.