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The relationship between Showa and Honda developed over the years, with Honda Racing Corporation accounting for more than 50% of Showa's business. [citation needed] In 1950 Showa acquired Rikuo Motorcycle, which made licensed versions of Harley Davidson motorcycles in the 1930s and 1940s. [4] Rikuo brand lasted until 1962.
The motorcycle market in 2018 saw 1.79 million units sold, with Honda selling 1.4 million. [1] Honda has enjoyed the largest share of the local motorcycle market for 30 years. Honda posted a 78.5% market share in 2018. Yamaha is second, with 15.1%, a figure projected to rise to 16% in 2019. [1] [5] [4]
Honda Motorcycle & Scooter India, Pvt. Ltd., abbreviated as HMSI, is the wholly owned Indian subsidiary of Honda Motor Company, Limited, Japan. [4] Founded in 1999, [4] it was the fourth Honda automotive venture in India, after Kinetic Honda Motor Ltd (1984–1998), Hero Honda (1984–2011) and Honda Siel Cars India (1995–2012). [5]
Honda Racing Corporation (HRC), also known as Honda Racing, is a motorsport subsidiary of the Honda Motor Company formed in 1982. [3] From its founding, the company was initially solely responsible for Honda's motorcycle racing activities, before the brand's automobile racing activities were integrated into HRC's scope of work on 1 April 2022.
Sandhar Technologies Barcelona, S. L. 1987-90: The company was founded in 1987 by Jayant Davar and started supplying sheet metals for Hero Honda motorcycles and received technical assistance from Honda Lock to manufacture lock systems for the motorbikes.
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