The document summarizes the history of Hero Honda Motors Ltd., a joint venture between Hero Group and Honda Motor Company. It discusses how the joint venture was formed in 1984 and became the largest motorcycle manufacturer globally by 2010. However, Honda later decided to exit the joint venture and formed its own subsidiary, Honda Motorcycle and Scooter India, in 2011. This led Hero Group to rebrand as Hero Motocorp and focus on developing its own products and distribution channels internationally on its own.