Hero Motocorp Motors Ltd India

Hero MotoCorp Limited, more popularly known as Hero Motorcycles, is an Indian two-wheeler manufacturer, producing motorbikes and scooters. Originally known as Hero Honda Motors Limited, it was an amalgamation of Hero (an Indian company) and Honda (a Japanese company) for 26 years from 1984 to 2010. Hero MotoCorp has been the world's largest manufacturer of two-wheelers since 2001. Hero MotoCorp is based in New Delhi, the capital of India. The company was established in partnership with Honda in 1984 by Dr. Brijmohan Lall Munjal. He is also the current Chairman of the Hero MotoCorp Ltd.

History of Hero MotoCorp

The principal owner of the Hero two-wheeler manufacturing unit – Hero Cycles – was founded in 1956 in Ludhiana, Punjab, by the Munjal brothers. In 1975, Hero Cycles became the largest manufacturer of bicycles in India. An agreement of collaboration and formation of a joint venture was signed between Hero Group of India and Honda of Japan in 1983. A year later, Hero Honda Motors Limited came into existence. In 2001, the company attained the status of being the largest manufacturer of two-wheelers in the world. The Japanese partner Honda walked out of the partnership in 2010, selling the 26 percent of stakes it held to Hero. The company was named Hero MotoCorp in August 2011.

Hero Motocorp Plant Locations in India

Hero MotoCorp has manufacturing facilities located at five locations in India. The five manufacturing plants of Hero MotoCorp have a combined production capacity of more than 9 million vehicles annually.

• Satyavedu, Andhra Pradesh
• Dharuhera, Haryana
• Gurgaon, Haryana
• Neemrana, Rajasthan
• Haridwar, Uttarakhand

Hero MotoCorp has over 7,000 dealership and service centre units in 29 states and four union territories of India.

Map showing Hero Motocorp plants in India

Hero Motocorp Current Models

Being the largest manufacturer of two-wheelers in India and the world, Hero MotoCorp produces a diversified range of models and variants to cater to the needs and demands of its customers.

Following are the current models and their starting prices:

• Karizma ZMR (Rs. 1,05,500)
• Karizma (Rs. 83,900)
• Xtreme Sports (Rs. 72,625)
• Xtreme (Rs. 71,925)
• Hunk (Rs. 69,725)
• Impulse (Rs. 71,400)
• Achiever (Rs. 61,425)
• Ignitor (Rs. 60,500)
• Glamour Programmed Fi (Rs. 65,600)
• Glamour (Rs. 55,925)
• Super Splendor (Rs. 53,600)
• Splendor iSmart (Rs. 50,000)
• Splendor Pro Classic (Rs. 50,500)
• Splendor Pro (Rs. 47,650)
• Splendor+ (Rs. 45,850)
• Passion Xpro (Rs. 49,525)
• Passion Pro (Rs. 47,650)
• Passion Pro TR (Rs. 53,500)
• HF Deluxe Eco (Rs. 46,150)
• HF Deluxe (Rs. 42,100)
• HF Dawn (Rs. 39,470)
• Maestro (Rs. 48,050)
• Pleasure (Rs. 44,650)

Hero Motocorp Future

Hero motorcycles are a household name in India and are famous worldwide. The continuous manufacturing of quality products over the years helped Hero MotoCorp achieve the status of being the largest manufacturer of two-wheelers in the world, as being the most sought-after brand is a per-requisite for being the biggest producer. A vision and a strategy for the company to strive hard to keep moving towards perfection have been laid down. The company's vision document says, “The story of Hero Honda began with a simple vision - the vision of a mobile and an empowered India, powered by its two wheelers. Hero MotoCorp Ltd., company's new identity, reflects its commitment towards providing world class mobility solutions with renewed focus on expanding company's footprint in the global arena. Hero MotoCorp’s key strategies are to build a robust product portfolio across categories, explore growth opportunities globally, continuously improve its operational efficiency, aggressively expand its reach to customers, continue to invest in brand building activities and ensure customer and shareholder delight”.

Milestones achieved by Hero Motocorp

• 1,00,000th motorcycle produced in 1987.
• New motorcycle model - 'CD 100 SS' introduced and 500,000th motorcycle in 1991 produced.
• New motorcycle model - 'Splendor' introduced and 1,000,000th motorcycle produced in 1994.
• Hero Honda Splendor was declared the world's largest selling two-wheeler in 2000.
• 4,000,000th motorcycle produced in 2000.
• 5,000,000th motorcycle produced in 2001.
• Declared the largest manufacturer of two-wheelers in the world in 2001.
• Became the first Indian company to have sold 70,00,000 units in 2003.
• Achieved the 15 million production mark in 2006.
• Crossed the 20 million production mark in 2007.
• Achieved the 25 million production milestone in 2008.
• Crossed the landmark figure of 5 million cumulative sales in a single year in 2011.
• Crossed the 50 million production milestone in 2013.

Awards won by HeroMotocorp

• Received the 1991 Harvard Business School Award for Corporate Performance by Economic Times.
• Received the NSIC award- National Award for outstanding contribution to the Development of Indian Small Scale Industry by the President of India in 1995.
• Received the 1999 National Productivity Award for the Best Productivity Award in the category of Automobile & Tractor by the Vice President of India.
• Received the Most Respected Company Award in Automobile Sector by Business World in 2003.
• Received the 2006 Top Indian Company in the Automobile - Two Wheeler sector by American Express Corporate Awards.
• CBZ Xtreme won the 'Bike of the Year' award at the NDTV Profit Car India & Bike India Awards 2007.
• Received the Business Leadership Award by NDTV Profit in 2008.
• Hunk won Bike of the Year at the TopGear Design Awards in 2008.
• Won Two-wheeler Manufacturer of the Year at the NDTV Profit Car & Bike Awards 2009.
• Won the Company of the Year award at the Economic Times Awards for Corporate Excellence 2008-09 in 2010.
• Adjudged as the best brand in the Auto (Two-Wheelers) category in the Brand Equity "Most Trusted Brand" 2011 survey.
• Adjudged the Business Leader in Automobiles (two-wheelers) at the NDTV Profit Business Leadership Awards 2012.
• Received Business Leader of the Year Award by the President of India, Shri. Pranab Mukherjee, at the AlMA Managing India Awards 2013.

Last Updated on May 19, 2015

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