This partnership will help us improve our own capability, says Munjal.
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
In its first overseas acquisition after parting ways with Honda, country's largest two-wheeler maker Hero MotoCorp (HMC) on Monday said it has picked up 49.2 per cent stake in US-based high-end motorcycle maker Erik Buell Racing (EBR) for $ 25 million (about Rs 148 crore).
The company's operations are slated to commence in Burkina Faso and Ivory Coast next week.
All are entry-level performance bikes that don't cost a bomb!
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