Why Hero and Honda Company are different?? At first it was both a company.
Answers
On December 16, 2010, India-based Hero Group (Hero) and Japan-based Honda Motor Co. (Honda) signed an agreement to dissolve their partnership, thus putting an end to one of the most successful joint ventures in the Indian automobile industry. The companies decided to part ways owing to unresolved disputes, and their own plans for the Indian and international markets. Honda decided to exit the venture by selling its 26% stake to the Munjal family, the owners of Hero. Both the companies decided to part amicably, with Honda continuing to provide technological support to Hero till 2014, and Hero continuing to pay royalties to Honda.
The Munjals acquired the 26% held by Honda in the joint venture through their private holding arm Hero Investments, thereby bringing the ownership of Indian promoter & promoter group holding to 52% (Stake of Hero Investments enhanced to around 43% with this transaction). The transaction was completed for a valuation of 739.97 per share - at less than half of market price of 1,518.15 on the Bombay Stock Exchange (BSE).
Later In 2014, Hero Investments was merged with the listed Hero MotoCorp, thereby allowing PE investors to exit the company as any public shareholder.
Hero Honda was a collaberation of both the companies. Now, they have part ways and and have separated and came back to the same old, solo companies.
Another example of this is Maruti Suzuki. Same thing happened.
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