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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.
Charging infrastructure, higher vehicle costs and less-than-desired single-charge range estimates are among the hurdles to more plug-in vehicles in the US – having the necessary juice from the grid is pretty much a foregone conclusion. Not so in India, apparently.