Shriram Group company Usha International has sold its entire stake in Honda’s Indian joint venture, Honda Siel Cars. Under the deal, Usha sold its 3.16% stake to Honda for Rs1.8bn (US$32.56m).
“Usha, Honda Siel Cars India (HSCI) and Honda Motor Company, Japan, after working together for 16 years to develop HSCI …
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