Overview of Hero MotoCorp
Hero MotoCorp Ltd. has been a leader in motorcycle and scooter manufacturing for over two decades. Since 2001, Hero MotoCorp has been the world’s largest two-wheeler manufacturer in terms of unit volumes.
With a strong presence in 47 countries and a massive customer base of over 110 million, Hero MotoCorp products continue to shape the future of mobility.
Hero MotoCorp history
The journey of Hero MotoCorp began in 1984 with the establishment of Hero Honda Motors Ltd., a joint venture between India's Hero Group and Japan's Honda Motor Company.
- 1985: The first motorcycle, “CD 100,” was launched.
- 1994: The famous “Splendor” model was introduced, marking a new milestone.
- 2000: Splendor became the world’s best-selling two-wheeler model.
- 2010: Hero and Honda ended their partnership, and the company was renamed Hero MotoCorp.
- 2011: The company launched its first bike without Honda’s technology, “Impulse.”
- 2016: Hero introduced the “Splendor iSmart 110,” its first fully in-house developed bike.
- 2022: Hero launched its EV brand, “VIDA”, for electric mobility solutions.
Hero MotoCorp subsidiaries
The subsidiaries of Hero MotoCorp include:
- Hero Cycles Ltd.: One of the world’s largest bicycle manufacturers, promoting eco-friendly transport.
- Hero FinCorp Ltd.: Provides financial services, including two-wheeler loans and other financial solutions.
- Hero Future Energies Pvt. Ltd.: Works on renewable energy projects, including solar and wind power.
Hero MotoCorp acquisitions
Hero MotoCorp has made strategic acquisitions to strengthen its position globally, such as:
- Erik Buell Racing (EBR): In 2013, Hero acquired a major stake in EBR, a U.S.-based motorcycle company. This helped Hero improve its expertise in sports bike engineering.
- Ather Energy: Hero invested in Ather Energy, an Indian electric scooter manufacturer, to enhance its knowledge and presence in the EV sector.
Hero MotoCorp products
Some of the most popular Hero MotoCorp products are:
- Hero Splendor: One of India’s most popular motorcycles, known for its reliability and fuel efficiency.
- Hero Passion: A stylish and budget-friendly bike, perfect for daily commuting.
- Hero Karizma: A sporty and powerful bike, ideal for long rides.
Conclusion
Hero MotoCorp’s journey from a small partnership with Honda to becoming a global two-wheeler leader is truly inspiring. The company continues to expand, innovate, and invest in future mobility solutions, including electric vehicles. With strong subsidiaries, strategic acquisitions, and a wide range of popular motorcycles, Hero MotoCorp remains a dominant force in the global automotive market. It’s wise to acquire appropriate bike insurance online if you own a bike. Comprehensive bike insurance helps cover the cost of repairs in case of an accident, theft, or damage.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.