Not sure about "being overtaken by Honda " Hero are giving Honda a run for their money in India and gaining market share.
Is scooter market leader Honda losing share to former partner Hero MotoCorp? A look at the company-wise scooter market data for the past six months points to the rising market share of Hero and a somewhat corresponding dip in Honda’s market share. From a low double-digit market share around mid-2015, Delhi-based Hero has touched 21 per cent in December. In doing so, it has also replaced Chennai-headquartered TVS Motor as the second-largest seller last month.
http://bsmedia.business-standard.com/_media/bs/img/article/2016-01/20/full/1453234
Charles is Dreaming that we will be "Taken Over by Honda" when he has built up the Business Customer Base.
VMT multibagger, page-14
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