Rumour: Hero MotoCorp buys out bankrupt EBR

Earlier this year, Erik Buell Racing (EBR), the technical partner of Hero MotoCorp, declared bankruptcy. As a result, products like the HX250R, which Hero was developing in collaboration with the American company, have been delayed. 

Unconfirmed reports suggest that Hero MotoCorp has decided to buy out EBR and offered full time employment to Erik Buell. The move is likely to enable the company complete the development of the HX250R and Hastur motorcycles. It could also see Team Hero EBR World SBK team return. EBR will carry out operations in East Troy, Wisconsin (USA) as it did before bankruptcy.

EBR was founded in 2009. In 2013, Hero MotoCorp acquired a 49.2% stake in the company for a sum of $ 25 million. According to the agreement, EBR would sell Hero's two-wheelers in USA through its dealership network.

Source: Ultimate Motorcycling