[a4anurag]

The joint venture between Hero Group and Honda lasted from 1984 to 2010 following which royalties to the extent of ₹388.96 crores were paid by the Hero Group to the Japanese two wheeler maker.

The last royalty payout was to the tune of ₹18.44 crores for the period 2016-17.

This payment of royalty has now come to an end with Hero MotoCorp deciding to shift all research and development projects to its own unit – The Center of Innovation and Technology at Jaipur in Rajasthan.

The reason Hero was paying Honda royalty was due to the fact that they were using their technology in their products. But that is no longer the case. Hero has stopped using Honda technology in their products. All their products today use technology developed by Hero engineers.

SOURCE: https://www.rushlane.com/amp/hero-mo...12246287.html/

[Vishid]

It is interesting to see Hero MotoCorp becoming independent of Honda's technology. This indicates that the company has gained enough confidence in their in-house R&D unit- Centre of innovation and technology, Jaipur. India's largest two wheeler manufacturer will unveil some new models developed by this centre soon, according to news reports.