World’s highest selling two-wheeler maker Hero MotoCorp and the US based superbike expert Erik Buell Racing came together way back in February last year, when Hero and Honda ended their highly successful partnership. Since then, Hero has been busy developing its own R&D centre, with inputs from EBR. EBR will be seen endowing future Hero bikes with class leading technologies and features.
It has now emerged that Indian bike maker giant recently bought 49.2 percent stake in EBR for USD 25 million (approx INR 148 crores).