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Honda owns a 26% stake in Hero Honda, India's largest motorcycle manufacturer.
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Updated : Mar 30, 2018, 03:51 AM IST
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Japan's Honda Motor has "formally decided" to sell its stake in the Indian joint venture Hero Honda Motors, two Indian television channels reported on Thursday.
Honda owns a 26% stake in Hero Honda, India's largest motorcycle manufacturer.
Honda Motor chief executive Takanobu Ito earlier on Thursday in Tokyo declined to confirm reports of the breakup, saying Honda and India's Hero Group have been having various discussions for a long time.
