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Honda Motor To Increase R&D Capacity
Honda which had separated from its Indian partner Hero Motocorp in 2010 will will movie its research & development base for two-wheelers in India from Gurgaon to Manesar plant. The new facility which is expected to be operational in 6 months could help Honda develop new models faster. R&D works such as designing, prototype development, testing & validation and component development will be carried out at the new facility.
No official statements were made on the news by Honda. Meanwhile, a spokesperson for Hero Motocorp said: ”it is an internal matter and such a development, if any, will have no effect whatsoever on our product launch plans. We are strengthening our own capabilities both organically as well as through strategic tieups, such as with EBR and AV.
Honda Motor's technology agreement with the Hero Group expires in June 2014. However, the company will continue sourcing products and technology from Honda's R&D bases in Thailand and Japan. We could also see Hero Motocorp's upcoming 100 CC bike Passion XPro and a 125 CC Bike Ignitor getting Honda's technology. Hero Motocorp and Honda had signed a new agreement under which the Indian firm will pay its Japanese counterpart 45 billion yen (about Rs 2,450 crore) till 2014.
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