Is Hero Honda a joint company now a days?

Hero Honda, the joint venture between Hero cycles of India and Honda of Japan, ended in August 2011. The Honda group runs its own group whereas the Honda's stake in Hero Honda was bought by Hero and the brand was renamed at Hero Moto Corp. The manufacturer's are having a strict competition as no other unit have even came close to their monthly sales in India. Honda's Activa and Hero's Splendor series have managed to cross the 2 lakh sales mark in most of the months of 2015, making them the best sellers in the Indian 2 wheeler market. Hero and Honda now have completely different strategies and they will end their design and engine sharing pact soon.