Mumbai: India's two-wheeler maker Hero MotoCorp Ltd said on Monday, its wholly owned unit in the United States has agreed to buy a 49.2 percent stake in superbike company Erik Buell Racing for USD 25 million.
As part of the agreement, Hero MotoCorp's US unit has invested USD 15 million in Erik Buell on June 28, and the remaining USD 10 million will be paid within nine months, the Indian company said in a statement to the Bombay Stock Exchange.


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