Hero Motocorp Limited Company Profile, Wiki, Networth, Establishment, History and More

Hero Motocorp Limited Company Profile, Wiki, Networth, Owner, CEO, Founder Name, Parent Company and more

Hero Motocorp Limited is an Indian multinational vehicle manufacturing company. The company headquarter is in New Delhi, India. is the world’s largest manufacturer of two – wheelers, based in India. It achieved the coveted position of being the largest two-wheeler manufacturing company in India and also, the ‘World No.1’ two-wheeler company in terms of unit volume sales in a calendar year. The company brand is “Hero”, building and promoting brand will be central to all its initiatives, utilizing every opportunity and leveraging its strong presence across sports, entertainment and ground-level activation.

PointsInformation
Company NameHero Motocorp Limited
Founder NameBrijmohan Lall Munjal
OwnerMunjal family (with 39.92% stack)‎
Date of Establishment19 January 1984
Establishment PlaceDharuhera, Haryana, India
RevenueINR 29614.43 Crores
CEOPawan Munjal
Registered AddressThe Grand Plaza, Plot No.2, Nelson Mandela Road, Vasant Kunj – Phase -II, New Delhi – 110070 India
Telephone No.91-11-46044200
Fax91-11-46044399
Company StatusActive
Websitewww.heromotocorp.com

History

Hero Motocorp Limited established in 1984.

  • 1984, the company incorporated as Hero Honda Motors Ltd.
  • 1985, the company launched first motorcycle “CD 100”.
  • 2000, Environment Management System of Gurgaon Plant certified ISO-14001 by DNV Holland and Splendor declared ‘World No. 1’ largest selling single two-wheeler model.
  • 2003, the company becomes the first Indian Company to cross the cumulative 7 million sales mark and introduces new motorcycle model ‘Splendor’.
  • 2009, the company launched Hero Honda Goodlife Program and Splendor completed 11 million production landmark.
  • 2012, the company migrated all products to Brand Hero and launched of Impulse, Maestro and Ignitor.
  • 2016, the company won TIME India Awards-Manufacturing Innovator of the year Ain Award.
  • 2020, launched Glamour BS-VI, Passion Pro BS-VI, XPulse Rally Kit and Xtreme 160R at ‘Hero World 2020’ and Forays into connected mobility with ‘Hero Connect’.

Founder

Hero Motocorp Limited founded by Brijjmohan Lall Munjal, an Indian businessman. He was born on 1923 at Punjab. He worked at the army Ordnance factory. Munjal was from a simple middle-class Arora/Khatri family. In 1956, Hero cycles was registered as a large scale industrial units, with capital partly financed by the Government of Punjab. In 1975, the company became the largest bicycle manufacture in India.

Munjal married to Santosh and blessed with five children, Raman Munjal, Suman Kant, Pawan Munjal, Sunil Munjal and Geeta Anand. On 2015, he died. Presently the Chairman of the company is Pawan Munjal.

Mission

Hero Motocorp Limited mission is as follows:

  • Create:  Redefine mobility through creation of a mobility road map and set best practice and benchmark for the industry.
  • Collaborate: Leverage partnerships and exhibit teamwork and co-create solutions that benefit the community, while caring for both internal and external environmental eco system and support sustainability.
  • Inspire: Move forward with purpose and inspire colleagues, customers and communities.

Networth

Hero Motocorp Limited is an Indian automobile industry. In 2020, the company revenue is Rs.29,614 crore (US$4.2billion). The company is manufacturing two-wheeler and is one of the largest automobile industry in the world. In 2020, the number of employees are more than 8,500.

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