India Hero Honda to buy Honda's African units-paper


MUMBAI, Oct 30 (Reuters) - India's top motorcycle maker, Hero Honda Motors Ltd. , is likely to acquire subsidiaries of Honda Motor Co in Nigeria, South Africa, Egypt and other African countries, the Business Standard reported on Monday. New Delhi-based Hero Honda, in which India's Munjal family and Japan's Honda each hold 26 percent, would manufacture its existing products in those markets, the paper said. "Talk are on with Honda Motor for a joint initiative in some foreign markets. ...

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