John McGuinness and Conor Cummins will form Honda's road-racing team for the 2014 season, it has been confirmed.

Isle of Man TT legend and lap record holder McGuinness stays on with Honda as he looks to increase his tally of victories around the Mountain Course, the 41-year-old having sealed a 20th win and 41st podium with victory in the 2013 Senior TT.

"I'm really glad to be staying with Honda to continue the strong relationship we've built up in road racing over the years," said McGuinness, who will ride in the Superbike and Senior TT races at the TT.

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"The team is like family to me and it's important that I have support that I know I can rely on 100%. It's great news that Conor will be joining the team.

"I have a lot of respect for him - he's young, he's hungry for it and he has so much passion for racing. It will be a pleasure to be his team-mate. This year proved that there's life in the old dog yet, so I can't wait to get back on the Fireblade and see what we can do.

McGuinness will also renew his long association with Clive Padgett for the Supersport and Superstock races at the international events.

Cummins - who will make his debut for Honda - was fastest newcomer at the TT and the NW200 in 2006. He secured the first of four TT podiums in 2009 and is the third fastest rider in the history of the event, as well as holding the record for the fastest lap from a standing start at 131.5mph.

A career-threatening crash during the 2010 TT has done nothing to dampen the 27-year-old's ambition as he aims to come back fighting with the Honda team.

"I am thrilled to bits to be with Honda in 2014," who will compete in Superbike, Senior TT and Superstock races. "In my eyes this is the absolute pinnacle of road racing. Riding for a team like Honda has been something I've been aiming for my whole career so for me this is a huge deal.

"The team has so much experience and I just want to make the most of the opportunity I've been given. I'm really looking forward to racing the new Honda Fireblade and hopefully bringing home some good results."

Having competed in both road racing and the World Endurance Championship under the 'Honda TT Legends' banner for the last three seasons, Honda has hinted it will run separate projects in 2014. Honda's WEC plans will be announced in due course.