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Two owners have divided up the remains of Erik Buell Racing, spinning it off into two separate businesses. And at least one of them is intent on continuing EBR's motorcycle manufacturing operations.

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India's Hero Motorcorp has taken a 49.2-percent stake in Erik Buell Racing at cost of $25 million; $15 million of that is in immediate investment, the remaining $10 million to come over the next nine months. The two companies formalized a partnership in February last year, when Hero sponsored EBR's two bikes in the AMA Pro Racing series and Buell sent engineers to India to help Hero develop new products.

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