3 min read.Updated: 23 May 2014, 01:19 AM ISTAmrit Raj
Move will result in a saving of `415 crore, provide sizeable boost to current year's net profit
New Delhi: Hero MotoCorp. Ltd will stop paying royalties to Honda Motor Co. Ltd in June on products that it inherited from their erstwhile partnership, resulting in a saving of ₹ 415 crore that will provide a sizeable boost to the current year’s net profit at India’s largest maker of scooters and motorcycles.
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