Hero Motocorp to pay minimum royalties to Honda Motor Company from - TopicsExpress

Hero Motocorp to pay minimum royalties to Honda Motor Company from June After breaking up with Honda in 2010, Hero Motocorp will finally stop paying heavy royalties to the Japanese company come June 2014. The stoppage of royalty installments would reflect an immediate profit of Rs 415 crore. A report on Mint breaks down the numbers. The Munjal family – owners of Hero Motocorp – bought out Honda’s 26 percent stake for a sum of Rs 3,842 crore, breaking it up into installments that end on June 2014.

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