Hero MotoCorp Limited
The Indian automobile industry contributes almost 6.4% of India's GDP and 35% of manufacturing GDP and is a leading employment provider.
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.
- World’s largest two-wheeler manufacturer
- Present in South Asia, Africa, Middle East and Latin America
- Key products – Two wheelers and their spare parts
- Net revenue from operations of Rs. 8,392.54 crore (US$ 1.03 billion) during the first quarter of FY23
- Sold 49.4 lakh two-wheeler units in FY22
Hero MotoCorp Limited – Bike Talkies
| Year | Milestone |
|---|---|
| 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 that 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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