Hero MotoCorp Limited
By 2030, the Indian government has committed that 30% of the new vehicle sales in India would be electric.
Hero MotoCorp Limited (formally Hero Honda Motors Limited) is the world’s largest manufacturer of two-wheelers. It is present in South Asia, Africa, the Middle East, and Latin America. Hero MotoCorp was the first Indian two-wheeler company to establish a manufacturing plant in Latin America. Its key products include two-wheelers up to 350cc and spare parts.
- World’s largest two-wheeler manufacturer
- Present in South Asia, Africa, the Middle East, and Latin America
- Key products – Two wheelers and their spare parts
- Net profit of Rs. 37,456 crore (US$ 4.50 billion) during FY24
- Sold 498,123 unit two-wheeler units in May 2024
Hero MotoCorp Limited – Bike Talkies
| Year | Milestone |
|---|---|
| 2024 |
In April 2024, Hero Motocorp said it has opened an assembly facility in Nepal in partnership with its distributor CG Motors with capacity of 75,000 units per annum. In January 2024, Hero MotoCorp’s Gurugram manufacturing facility won CII national award for water management which recognizes the innovation and efficiency of the unit’s water management initiatives. |
| 2023 |
In December 2023, Hero MotoCorp and Ather Energy collaborated to accelerate the EV charging ecosystem. In October 2023, Hero MotoCorp inaugurated its first state-of-the-art premium dealership in India. In August 2023, Hero passion rides into the top-10 bestselling motorcycles in June-July 2023. In August 2023, Hero MotoCorp received 25,597 bookings for the HarleyDavidson X440. In June 2023, Hero MotoCorp partnered with the Navy Welfare and Wellness Association (NWWA) to support their community development initiatives. The Company will support CHETNA – an Early Intervention Center in Delhi that provides occupational therapy, speech therapy, play and counselling to children born with neurodevelopmental disabilities. In March 2023, Hero MotoCorp and Zero Motorcycles, California (US)-based manufacturer of premium electric motorcycles and powertrains, announced that they have signed agreements to collaborate on premium electric motorcycles. In January 2023, Hero MotoCorp launched the 110cc Xoom, a new tech-laden scooter, in three variants at an introductory ex-showroom Delhi price of US$ 839.42 (Rs. 68,599). In January 2023, Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, partnered with the Health and Family Welfare Department of the Government of Assam to help upgrade its healthcare infrastructure. In January 2023, Hero MotoCorp Ltd. extended its Green Drive in the state of Haryana with the commencement of the plantation of 50,000 saplings using the Miyawaki technique in Karnal. |
| 2022 |
In October 2022, Hero MotoCorp announced plans to enter the Philippines market by partnering with Terrafirma Motors Corporation (TMC). In January 2022, Hero MotoCorp announced an investment of Rs. 420 crore (US$ 55.76 million) in Ather Energy, as part of its ‘Be the Future of Mobility’ vision. |
| 2021 |
In November 2021, Hero MotoCorp partnered with Gilera Motors Argentina, to strengthen and expand its operations in South America, as per its aggressive global business strategy. In September 2021, Hero Electric announced plans to expand production capacity at its facility in Ludhiana, Punjab, to >5 lakh units by March 2022, up from the existing capacity of 1 lakh units per year. In April 2021, Hero Motocorp launched a ‘Virtual Showroom’ feature to provide an immersive digital buying experience to customers Appointed Ravi Avalur to lead Harley India’s operations Hero Motocorp sets up a dedicated vertical for Harley-Davidson |
| 2020 |
Hero Motorcorp infused additional capital of Rs. 84 crore (US$ 11 million) in Ather Energy, one of the leading Indian start-ups focused on two-wheeler electric mobility. With the latest round of investment, Hero Motorcorp owns 34.58% stake in the EV manufacturer Hero Motorcorp launched eSHOP which provides seamless digital buying experience to its customers. The platform enables the customers to buy the two-wheeler of their choice sitting at home through an easy and transparent process Hero MotoCorp partners with Harley to improve premium segment presence |
| 2019 |
Hero Motocorp starts home delivery of new two-wheelers to customers. |
| 2018 |
Launched of e-commerce portal for Hero Genuine Parts. |
| 2017 |
Launched the brand in Argentina. |
| 2016 |
Received various awards like Time India Awards – Manufacturing Innovator of the Year Award, Best two-wheeler pavilion at the CNB Auto Expo Awards, Best Executive Motorcycle - Hero Super Splendor by J.D. Power India etc. |
| 2012 |
Entered into a strategic partnership with USA based Eric Buell Racing (EBR). |
| 2011 |
New Licence agreement was signed between Hero and Honda. Hero was named as Hero MotoCorp Limited. |
| 2008 |
Established a plant in Haridwar, Uttarakhand. |
| 2003 |
It became first Indian company to cross cumulative seven million sales mark. |
| 2000 |
Splendor, which was launched in 1994, became ‘World’s No. 1’ – largest selling two-wheeler. |
| 1997 |
Established second manufacturing plant in Gurgaon. |
| 1984 |
Hero Honda Motors Limited was incorporated and rolled out its first motorcycle ‘CD 100’ in 1985. |
| 1983 |
Entered into a joint collaboration with Honda Motors Company Limited. |
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