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Hero MotoCorp Limited

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Hero MotoCorp Limited

  • World’s largest two-wheeler manufacturer
  • Present in South Asia, Africa, Middle East and Latin America
  • Key products – Two wheelers and their spare parts
  • Consolidated total Income of Rs 29,985.88 crore (US$ 4.25 billion) in FY20
  • Sold 63.98 lakh two wheeler units

Hero MotoCorp Limited (formally Hero Honda Motors Limited) is the world’s largest manufacturer of two-wheelers. It is present in South Asia, Africa, 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. The company has an objective to reach 50 global markets by 2020.

The company plans to invest Rs 10,000 crore (US$ 1.43 billion) over the next 5-7 years.

Company Website: www.heromotocorp.com/en-in

Hero MotoCorp Limited – Bike Talkies

2019 Hero Motocorp starts home delivery of new two-wheelers to customers.
2018 Launched of e-commerce portal for Hero Genuine Parts.
Entered into pre-owned two-wheeler business.
2017 Launched the brand in Argentina.
Received ‘Indian MNC of the Year’ by the All India Management Association (AIMA).
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.

 

Updated: May, 2019

Automobile
Electric vehicles sales, excluding e-rickshaws, in India witnessed a growth by 20 per cent to reach 1.56 lakh units in 2019-20 driven by two-wheelers.