Ananyareddy at 20:34, 20 January 2026

2026-01-20T20:34:30Z

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{{Distinguish|Hero Motors Company}}
{{short description|Indian two-wheeler manufacturing company}}
{{Use Indian English|date=October 2014}}
{{Use dmy dates|date=November 2020}}
{{Infobox company
| name = Hero MotoCorp Limited
| logo = Hero MotoCorp.svg
| logo_size = 150px
| image =
| former_name = Hero Honda
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{BSE|500182}}|{{NSE|HEROMOTOCO}}}}
| ISIN = {{ISIN|sl=n|pl=y|INE158A01026}}
| industry = [[Automotive industry|Automotive]]
| founded = {{Start date and age|1984|01|19|df=y}}
| founder = [[Brijmohan Lall Munjal]]
| location = [[New Delhi]], India
| key_people = {{Unbulleted list|[[Pawan Munjal]] {{small|([[executive chairman]])}}<ref>{{cite web |url=https://www.heromotocorp.com/en-in/about-us/profile-of-directors.html |title=Board of Directors - Hero MotoCorp Ltd. |publisher=Hero MotoCorp |access-date=19 January 2014 |archive-date=17 July 2021 |archive-url=https://web.archive.org/web/20210717034205/https://www.heromotocorp.com/en-in/about-us/profile-of-directors.html |url-status=dead }}</ref>}}
| products = {{ubl|[[Motorcycle]]s|[[Scooter (motorcycle)|Scooters]]}}
| production = {{increase}} 7,587,130 units (2018)
| revenue = {{profit}} {{INRConvert|41967|c}}
| revenue_year = FY2025
| operating_income = {{up}} {{INRConvert|6095|c}}
| income_year = FY2025
| net_income = {{up}} {{INRConvert|4375|c}}
| net_income_year = FY2025
| assets = {{profit}} {{INRConvert|28390|c}}
| assets_year = FY2025
| equity = {{profit}} {{INRConvert|19404|c}}
| equity_year = FY2025
| num_employees = 8,599 (2020)
| subsid = Vida EV
| footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.<ref name=finance>{{cite web|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/9dbdaf9c-7bb0-4a20-b584-08378354c7ee.pdf|title= Hero Motocorp Profit & Loss account, Hero Motocorp Financial Statement & Accounts|publisher= MoneyControl|access-date= 20 October 2020|archive-date= 15 May 2023|archive-url= https://web.archive.org/web/20230515080759/https://www.heromotocorp.com/content/dam/hero-aem-website/in/investors/financial-results/quarterly-results/Financial-Results-31-03-2023.pdf|url-status= live}}</ref>
| homepage = {{official URL}}
}}

'''Hero MotoCorp Limited''' is an Indian [[Multinational corporation|multinational]] [[motorcycle]] and [[Scooter (motorcycle)|scooter]] manufacturer headquartered in [[Delhi]]. It has a market share of about 30% in the Indian two-wheeler industry.<ref>{{cite news |last1=Bhatia |first1=Shubhangi |title=Hero MotoCorp confident of gaining market share this year; to set up new unit in Brazil - ET Auto |url=https://auto.economictimes.indiatimes.com/news/two-wheelers/hero-motocorp-confident-of-gaining-market-share-this-year-to-set-up-new-unit-in-brazil/109950255 |access-date=28 November 2024 |work=ETAuto.com |agency=The Economic Times |date=9 May 2024 |language=en}}</ref> The [[Pawan Munjal|Munjal]] family, with its 34.75% stake, is the biggest shareholder in the company as of 2024.<ref>{{cite web |title=Statement showing shareholding pattern of the Promoter and Promoter Group |url=https://www.bseindia.com/corporates/shpPromoterNGroup.aspx?scripcd=500182&qtrid=123.00&QtrName=September%202024 |publisher=BSE |access-date=28 November 2024}}</ref>

==History==
Hero Honda started its operations in 1984 as a joint venture between [[Hero Cycles]] of India and [[Honda]] of Japan.<ref name="milestone">{{cite web |url=https://www.heromotocorp.com/en-in/about-us/milestones.html |title=Milestones |publisher=Hero MotoCorp |access-date=15 January 2014 }}{{Dead link|date=December 2025 |bot=InternetArchiveBot }}{{cite news |url=https://www.wsj.com/news/articles/SB10001424052748704758904576187842700072676 |title=Honda to Sell Hero Stake at Half Market Price |work=[[The Wall Street Journal]] |date=9 March 2011 |access-date=15 January 2014 |archive-date=14 March 2016 |archive-url=https://web.archive.org/web/20160314060132/http://www.wsj.com/news/articles/SB10001424052748704758904576187842700072676 |url-status=live }}</ref><ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2011-03-09/news/28672602_1_lathe-investment-private-limited-bc-india-private-investors-hero-honda |archive-url=https://web.archive.org/web/20140116121638/http://articles.economictimes.indiatimes.com/2011-03-09/news/28672602_1_lathe-investment-private-limited-bc-india-private-investors-hero-honda |url-status=dead |archive-date=16 January 2014 |title=Hero gets Honda stake at big discount | work=[[The Economic Times]] | access-date=15 January 2014 |date=9 March 2011}}</ref> "Hero" is the brand name used by the Munjal brothers for their flagship company, Hero Cycles Ltd. A joint venture between the Hero Group and Honda Motor Company was established in 1984 as the Hero Honda Motors Limited at [[Dharuhera]], India.<ref name="www.ndtv.com 2023 y538">{{cite web | title=Hero MotoCorp: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Hero MotoCorp | website=www.ndtv.com | date=30 October 2023 | url=https://www.ndtv.com/business/stock/hero-motocorp-ltd_heromotoco/reports | access-date=30 October 2023}}</ref> Munjal family and the Honda group both owned a 26% stake in the company.<ref name="The Economic Times 2010 n416">{{cite web | title=Hero Honda announces realignment of Munjal family stake in the company | website=The Economic Times | date=19 July 2010 | url=https://economictimes.indiatimes.com/news/company/corporate-trends/hero-honda-announces-realignment-of-munjal-family-stake-in-the-company/articleshow/6188702.cms | access-date=30 October 2023}}</ref>

During the 1980s, the company introduced low cost motorcycles in India. It was noted for its advertising campaign based on the slogan 'Fill it – Shut it – Forget it', emphasizing fuel efficiency. In 2001, the company became the largest two-wheeler manufacturing company in India.<ref>{{cite news |last1=Saran |first1=Rohit |title=Riding on a motorcycle boom, Hero Honda becomes India's largest two-wheeler maker |url=https://www.indiatoday.in/magazine/economy/story/20010910-riding-on-a-motorcycle-boom-hero-honda-becomes-indias-largest-two-wheeler-maker-774172-2001-09-09 |access-date=28 November 2024 |work=India Today |date=10 September 2001 |language=en}}</ref>

===Termination of Honda joint venture and the renaming===
[[File:Hero honda 2006 03.JPG|thumb|[[Hero Honda Splendor]], first model]]
[[File:Hero Honda Passion motorcycle.jpg|thumb|[[Hero Honda Passion]]]]
[[File:Hero Honda CBZs.jpg|thumb|[[Hero Honda CBZ]]]]
[[File:Ambition 135 2004 Facelifted Model (CBZ Front Fairing Model).jpg|thumb|[[Hero Honda Ambition]] 135 2004]]
[[File:Hero Honda Pleasure (side view).jpg|thumb|[[Hero Honda Pleasure]] First scooter launched under partnership by Hero Honda]]
[[File:Hero_Honda_Karizma_R_in_a_rare_blue_shade.jpg|thumb|alt=Hero Honda Karizma R in blue colour|[[Hero Honda Karizma R]]]]

By December 2010, the board of directors of the Hero Honda Group had decided to terminate the joint venture between Hero Group of India and Honda of Japan in a phased manner. The Hero Group would buy out the 26% stake of the Honda in JV Hero Honda.<ref>{{cite web|access-date=18 December 2010|title=Hero to buy out Honda's stake|url=http://www.indianexpress.com/news/Hero-to-buy-out-Honda-s-stake-in-26-year-old-JV/725937|work=The Indian Express}}</ref> Under the joint venture, Hero Group could not export to international markets (except Bangladesh, Nepal and Sri Lanka) and the termination would mean that Hero Group could now export.<ref>{{cite news| url=http://economictimes.indiatimes.com/news/news-by-industry/auto/two-wheelers/Munjal-family--Honda-Motor-to-discuss-Hero-Honda-split-today/articleshow/7108838.cms | work=The Times of India | title=Munjal family & Honda Motor to discuss Hero Honda split today | date=16 December 2010}}</ref>

Honda exited the joint venture through a series of off-market transactions by giving the Munjal family, which held a 26% stake in the company. Honda, wanting to focus only on its independent fully owned two-wheeler subsidiary, Honda Motorcycle and Scooter India (HMSI), exited Hero Honda at a discount and get over {{INRConvert|6400|c|lk=|year=2010}} for its stake. The discount was between 30% and 50% to the current value of Honda's stake as per the price of the stock after the market closed on 16 December 2010.<ref name="timesofindia.indiatimes.com">{{cite news| url=http://timesofindia.indiatimes.com/business/india-business/Hero-Honda-split-terms-finalized/articleshow/7109297.cms | work=The Times of India | title=Hero, Honda split terms finalized – The Times of India}}</ref>

The differences between the two partners had become apparent for a few years before the split over a variety of issues, ranging from Honda's reluctance to fully and freely share technology with Hero (despite a 10-year technology tie-up that expired in 2014) as well as Indian partner's uneasiness over high royalty payouts to the Japanese company. Another major irritant for Honda was the refusal of Munjal family to merge the Hero Honda's spare parts business with Honda's new fully owned subsidiary, HMSI.<ref name="timesofindia.indiatimes.com" />

As per the arrangement, it was a two-leg deal: In the first part, the Munjal family, led by Brijmohan Lal Munjal group, formed an overseas-incorporated special purpose vehicle (SPV) to buy out Honda's entire stake, which was backed by bridge loans. This SPV was eventually opened for private equity participation, and those included [[Warburg Pincus]], [[Kohlberg Kravis Roberts]] (KKR), [[TPG Inc.|TPG]], [[Bain Capital]] and [[The Carlyle Group]].<ref>{{citation|url=http://www.indiainfoline.com/Markets/News/Hero-approves-Hondas-exit-from-Hero-Honda-report/5021461137|title=Hero approves Honda's exit from Hero Honda|publisher=India Infoline news service|access-date=25 November 2012|archive-date=21 September 2012|archive-url=https://web.archive.org/web/20120921011716/http://www.indiainfoline.com/Markets/News/Hero-approves-Hondas-exit-from-Hero-Honda-report/5021461137|url-status=live}}</ref> In June 2012, Hero MotoCorp approved a proposal to merge the investment arm of its parent Hero Investment Pvt. Ltd. with the automaker. This decision came 18 months after its split from Hero Honda.<ref>{{cite news| url=http://www.thehindu.com/business/companies/article3490461.ece | title=Investment arm to merge with Hero MotoCorp |date=5 June 2012 |newspaper=The Hindu |access-date=15 January 2014}}</ref>

===Formation of the new company===
The name of the company was changed from Hero Honda Motors Limited to Hero MotoCorp Limited on 29 July 2011.<ref name=AR2012-13/> The new brand identity and logo of Hero MotoCorp were developed by the global design firm [[Wolff Olins]].<ref name="livemint1">{{cite web|url=http://www.livemint.com/2011/07/25191352/Hero-goes-global-to-unveil-ne.html|title=Hero goes global; to unveil new brand identity in London – Corporate News |publisher=livemint.com |date=25 July 2011 |access-date=4 August 2011}}</ref> The logo was revealed on 9 August 2011 in London, to coincide with a cricket match between England and India.<ref name="livemint1"/>

Hero MotoCorp can now export to Latin America, Africa, and West Asia.<ref name="livemint1"/> Hero is free to use any vendor for its components instead of just Honda-approved vendors.<ref name="livemint1"/>

On 21 April 2014, Hero MotoCorp announced its plan on a {{INRConvert|254|c|lk=|year=2014}} joint venture with Bangladesh's [[Nitol Niloy Group|Nitol-Niloy Group]] in the next five years to set up a manufacturing plant in Bangladesh. The plant started production in 2017 under the name "HMCL Niloy Bangladesh Limited". Hero MotoCorp owns 55% of the manufacturing company and the rest 45% is owned by Niloy Motors (a subsidiary of [[Nitol Niloy Group]]).<ref>{{cite web|url=http://businesstoday.intoday.in/story/hero-forms-jv-in-bangladesh-to-set-up-manufacturing-plant/1/205403.html|title=Hero MotoCorp forms JV in Bangladesh; to set up manufacturing plant|date=21 April 2014|access-date=2 July 2015|archive-date=3 July 2015|archive-url=https://web.archive.org/web/20150703074219/http://businesstoday.intoday.in/story/hero-forms-jv-in-bangladesh-to-set-up-manufacturing-plant/1/205403.html|url-status=live}}</ref> Hero also updated its 100cc engine range in 2014 for 110cc bikes except for Hero Dawn.<ref name="Mathai 2019 v675">{{cite web | last=Mathai | first=Lijo | title=Hero 100-110cc motorcycles that could have been gamechangers: Passion Pro TR, Splendor Classic and more | website=Financialexpress | date=7 November 2019 | url=https://www.financialexpress.com/auto/bike-news/hero-100-110cc-motorcycles-passion-pro-tr-splendor-classic-hf-deluxe-eco-cd-dawn/1757031/ | access-date=30 October 2023}}</ref>

==Equity investments==

In July 2016, HMC acquired 49.2%<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2013-07-01/news/40308107_1_erik-buell-racing-hmcl-hero-motocorp|archive-url=https://web.archive.org/web/20130705015407/http://articles.economictimes.indiatimes.com/2013-07-01/news/40308107_1_erik-buell-racing-hmcl-hero-motocorp|url-status=dead|archive-date=5 July 2013|title=Hero MotoCorp picks up 49.2% stake in US-based Erik Buell Racing for $25 million| newspaper=The Economic Times |date=1 July 2013 |access-date=19 January 2014}}</ref> shareholding in [[Erik Buell Racing]], a [[motorcycle sport]] company which produced street and racing motorcycles based in [[East Troy, Wisconsin]], United States. EBR filed for bankruptcy in 2015<ref>{{Cite web|url=http://www.cycleworld.com/2015/04/15/erik-buell-racing-files-for-bankruptcy-protection-and-ceases-operations/|title = Erik Buell Racing Closes Down}}</ref> and Hero MotoCorp proceed to acquire certain assets for {{INRConvert|18.2|c|lk=|year=2013}}.,<ref>{{Cite web|url=http://articles.economictimes.indiatimes.com/2015-07-28/auto/64957907_1_hero-motocorp-ltd-settlement-agreement-erik-buell-racing|archive-url=https://web.archive.org/web/20151018085440/http://articles.economictimes.indiatimes.com/2015-07-28/auto/64957907_1_hero-motocorp-ltd-settlement-agreement-erik-buell-racing|url-status=dead|archive-date=18 October 2015|title = Business News Today: Read Latest Business news, India Business News Live, Share Market & Economy News}}</ref>

HMC invested {{INR}}205 crores (US$30.5 million) as a Series B round of funding in October 2016 and gained a 32.31% stake in [[Ather Energy]], a start-up company manufacturing electric scooters. It invested a further {{INR}}130 crores (US$19 million) in 2018.<ref>{{Cite web|last1=Com |first1=Moneycontrol |title=Hero Motocorp Share Price, Hero Motocorp Stock Price, Hero Motocorp Ltd. Stock Price, Share Price, Live BSE/NSE, Hero Motocorp Ltd. Bids Offers. Buy/Sell Hero Motocorp Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes|url=https://www.moneycontrol.com/india/stockpricequote/auto-23-wheelers/heromotocorp/HHM|access-date=2021-05-27|website=www.moneycontrol.com|language=en}}</ref> HMC's share in Ather Energy has grown up to 34.58% since 2016.{{when|date=July 2025}}<ref>{{cite news|title=Hero MotoCorp To Invest Up To ₹ 205 Crore In Ather Energy|url=http://carandbike.com/news/hero-motocorp-to-invest-rs-205-crore-in-ather-energy-1520809|publisher=NDTV Auto}}</ref><ref>{{Cite news|url=https://www.vccircle.com/hero-motocorp-to-refuel-ather-energy-with-19-mn/|title=Hero MotoCorp to refuel Ather Energy with $19 mn|date=25 July 2018|work=VCCircle|access-date=30 July 2018|language=en-US|archive-date=30 July 2018|archive-url=https://web.archive.org/web/20180730110827/https://www.vccircle.com/hero-motocorp-to-refuel-ather-energy-with-19-mn/|url-status=live}}</ref>

==Operations==
Hero MotoCorp has five manufacturing facilities based at [[Dharuhera]], [[Gurgaon|Gurugram]], [[Neemrana]], [[Haridwar]] and [[Halol]]. A new manufacturing facility is in the process of being{{when?|date=July 2025}} set up in [[Tirupati district|Tirupati]] in [[Andhra Pradesh]].{{needs update|date=July 2025}} Spread over 600 acres, the company has invested 1600 crores in setting up this greenfield facility.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/auto/two-wheelers-three-wheelers/her0-motocorp-starts-work-on-new-plant-in-andhra-pradesh/articleshow/63430283.cms|title=Hero MotoCorp starts new work in Andhra Pradesh|date=23 March 2018|work=The Economic Times|access-date=23 July 2012}}</ref> These plants together have a production capacity of over 7.6 million two-wheelers per year.<ref>{{Cite news|url=http://economictimes.indiatimes.com/two-wheelers/hero-motocorp-plans-6th-plant-scouts-for-site-in-south-india/articleshow/36715367.cms?intenttarget=no|title=Hero MotoCorp plans 6th plant, scouts for the site in South India|date=17 June 2014|work=The Economic Times|access-date=17 July 2017}}</ref> Hero MotoCorp has a sales <ref>{{cite news |title=Hero MotoCorp August sales up 7%, TVS down 1% — Bajaj Auto numbers awaited |url=https://www.businessinsider.in/business/auto/news/august-month-bikes-and-scooters-sales-number-of-hero-motocorp-bajaj-and-tvs/articleshow/77872298.cms |work=Business Insider}}</ref> and service network with over 6,000 dealerships and service points across India. It has had a customer loyalty program since 2000, called the Hero Honda Passport Program which is now known as Hero GoodLife Program.<ref>{{Cite web|url=http://goodlife.heromotocorp.com/|title=Hero MotoCorp New Two Wheelers, Motorcycles, Two Wheelers in India|website=goodlife.heromotocorp.com|access-date=17 July 2017}}{{Dead link|date=December 2025 |bot=InternetArchiveBot }}</ref> As of 31 March 2020, the company has an annual capacity of 9.1 million units in its eight manufacturing facilities. Apart from these manufacturing facilities the company also has two R&D facilities, in Germany and Jaipur.<ref>{{Cite web|title=Annual Report, 2019-20|url=https://www.heromotocorp.com/en-in/uploads/Annual_Reports/pdf/20200717171801-pdf-207.pdf}}{{Dead link|date=December 2025 |bot=InternetArchiveBot }}</ref>

It is reported that Hero MotoCorp has five joint ventures or associate companies, Munjal Showa, AG Industries, [[Sunbeam Motor Car Company|Sunbeam Auto]], [[Rockman Industries]], and Satyam Auto Components, that supply a majority of its components.<ref>{{cite news|url=http://economictimes.indiatimes.com/news/news-by-industry/auto/automobiles/hero-honda-split-honda-restrategizing-its-vendor-policy/articleshow/7668358.cms |title=Hero-Honda split: Honda restrategizing its vendor policy |author=Nandini Sen Gupta |date=10 March 2011 |work=The Economic Times}}</ref>

Its most popular bike, the [[Splendor (motorcycle)|Hero Splendor]] sold more than one million units per year.<ref>{{Cite news |title=Every Village, Every Home |periodical=Forbes | volume=183 |issue=12 |page= 80 |date=June 2008 |issn=0015-6914}}</ref>

Hero MotoCorp launched XPulse 200 adventure motorcycle in India on 1 May 2019, along with the XPulse 200T touring motorcycle.<ref name="Mitra 2019 f561">{{cite web | last=Mitra | first=Anirban | title=Hero Xpulse 200T: Hero launches XPulse 200, XPulse 200T and Xtreme 200S, starting Rs 94,000 | website=The Times of India | date=1 May 2019 | url=https://timesofindia.indiatimes.com/business/india-business/hero-launches-xpulse-200-xpulse-200t-and-xtreme-200s-starting-rs-94000/articleshow/69128212.cms | access-date=30 October 2023}}</ref>

In January 2021, Hero MotoCorp's production exceeded 100 million.<ref name="Mathrubhumi">{{cite news |title=ഹീറോ: നിർമാണത്തിൽ 10 കോടി പിന്നിട്ട ഏക ഇന്ത്യൻ ഓട്ടോമൊബൈൽ ബ്രാൻഡ് |url=https://www.mathrubhumi.com/auto/news/hero-motorcorp-surpasses-100-million-production-1.5376035 |work=Mathrubhumi |language=ml}}</ref> As of 2021, Hero is the only Indian vehicle brand to exceed 100 million in production.<ref name="Mathrubhumi"/>

Hero MotoCorp launched an online virtual showroom in 2021.<ref>{{cite news |last1=Sharma |first1=Swati |title=Hero MotoCorp Launches Virtual Showroom To Sell Vehicles |url=https://www.motorgyan.com/hero-motocorp-launches-virtual-showroom-to-sell-vehicles/ |work=motorgyan.com |date=13 May 2021}}</ref>

==Products==
===Motorcycle===
'''1. Hero Splendor Series:'''
* Hero Splendor Plus (100cc)
* Hero Splendor Plus Xtec (100cc)
* Hero Splendor Plus Xtec 2.0 (100cc)
*Hero Super Splendor Xtec (125cc)
'''2. Hero HF Series:'''
* Hero HF 100 (100cc)
* Hero HF Deluxe (100cc)
* Hero HF Deluxe Pro (100cc)
'''3. Hero Passion Series:'''
* Hero Passion Plus (100cc)
'''4. Hero Glamour Series:'''
* Hero Glamour (125cc)
* Hero Glamour Xtec (125cc)
* Hero Glamour X 125 (125cc)
'''5. Hero Xpulse Series:'''
* Hero XPulse 200 4v (200cc)
* Hero XPulse 210 (210cc)
'''6. Hero Xtreme Series:'''
* Hero Xtreme 160R (160cc)
* Hero Xtreme 160R 4V (160cc)
* Hero Xtreme 125R (125cc)
* Hero Xtreme 250R (250cc)
'''7. Hero Karizma Series:'''
* [[Hero Karizma XMR]] (210cc)

===Scooter===
'''1. Hero Destini Series:'''
* Hero Destini 125 (125cc)
* Hero Destini Prime (125cc)
* Hero Destini 110 (110cc)
* Hero Destini 125 Xtec (125cc)
'''2. Hero Xoom Series:'''
* Hero Xoom 110 (110cc)
* Hero Xoom 125 (125cc)
* Hero Xoom 160 (160cc)
'''3. Hero Pleasure Series:'''
* Hero Pleasure Plus 110 (110cc)
* Hero Pleasure Plus Xtec (110cc)

===Discontinued===

*Hero Passion Xpro
*Hero Passion Pro 110 (BS6)
*Hero Passion Xtec
*Hero HF Dawn
*Hero HF Deluxe Eco
*Hero Duet
*[[Hero Maestro]]
*Hero Maestro Edge 110
*Hero Maestro Edge 125
*Hero Ignitor
*Hero Xtreme 150
*Hero Xtreme Sports
*Hero Xtreme 200R
*Hero Xtreme 200S
*Hero Impulse
*Hero Xpulse 200T
*[[Hero Super Splendor]]
*[[Hero Honda Achiever Series]] and Achiever 150
*[[Hero Honda Passion]] and Passion Pro (100cc)
*Hero Honda Hunk
*[[Hero Honda Ambition]]
*[[Hero Honda CBZ]]
*Hero Honda CBZ Xtreme
*Hero Honda Sleek
*Hero Honda Street
*Hero Honda CD100
*Hero Honda CD100SS
*Hero Honda CD Dawn
*Hero Honda Joy
*Hero Honda CD Deluxe
*[[Hero Honda Splendor]] (100cc)
*Hero Splendor NXG (100cc)
*Hero Splendor Pro (100cc)
*Hero Splendor Pro Classic
*Hero Splendor iSmart (100cc and 110cc)
*[[Hero Honda Karizma]] (223cc)
*[[Hero Honda Karizma R]] (223cc)
*[[Hero Honda Karizma ZMR]] (223cc)
*Hero Mavrick 440 (440cc)
Hero also manufactures the '''Vida V1''', '''Vida V2''' and '''Vida VX2''' brand of electric scooters as its parent company VIDA is held as a subsidiary of Hero MotoCorp.<ref>{{Cite web |title=About Us |url=https://www.vidaworld.com/about-us.html |access-date=2024-12-04 |website=www.vidaworld.com |language=en-IN}}</ref>

==Listings and shareholding==
The equity shares of Hero MotoCorp are listed on the [[Bombay Stock Exchange]],<ref>{{cite web |url=http://www.bseindia.com/stock-share-price/hero-motocorp-ltd/hero-motocorp/500182/ |title=Hero MotoCorp Ltd. |publisher=BSEindia.com |access-date=23 January 2014}}</ref> and the [[National Stock Exchange of India]],<ref>{{cite web |url=http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=HEROMOTOCO |title=Hero MotoCorp Limited |publisher=NSE India |access-date=23 January 2014 |archive-date=16 April 2016 |archive-url=https://web.archive.org/web/20160416152207/http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=HEROMOTOCO |url-status=dead }}</ref> where it is a constituent of the [[NIFTY 50]].<ref>{{cite web |url=http://www.nseindia.com/content/indices/ind_niftylist.csv |title=Download List of CNX Nifty stocks (.csv) |publisher=NSE India |access-date=23 January 2014 |archive-date=13 October 2013 |archive-url=https://web.archive.org/web/20131013143407/http://www.nseindia.com/content/indices/ind_niftylist.csv |url-status=dead }}</ref>

As on 31 December 2013, the promoters Munjal Family held around 40% equity shares in Hero MotoCorp. Over 601,000 individual shareholders hold approx. 7.44% of its shares.<ref name="Shareholding">{{cite web|title=Shareholding Pattern - March 2020|url=https://www.heromotocorp.com/en-in/shareholding-pattern-charts.html|url-status=dead|access-date=27 May 2021|publisher=Hero Motor Corp|archive-date=27 May 2021|archive-url=https://web.archive.org/web/20210527082738/https://www.heromotocorp.com/en-in/shareholding-pattern-charts.html}}</ref> Foreign Institutional Investors hold approx. 30% shares in the company.<ref name=Shareholding/>

{| class="wikitable plainrowheaders"
|+ Shareholders of Hero MotorCorp, as of 31 March 2020
|-
! scope="col" | Shareholder
! scope="col" | Percent ownership<ref name=Shareholding/>
|-
! scope="row" | Promoter Group
| 34.6%
|-
! scope="row" | Foreign institutional investors (FII)
| 34.3%
|-
! scope="row" | Non-resident Indians (NRIs)
| 0.4%
|-
! scope="row" | Indian public
| 8.3%
|-
! scope="row" | Insurance companies
| 8.3%
|-
! scope="row" | Mutual funds / UTI
| 8.2%
|-
! scope="row" | Bodies corporate
| 1.40%
|-
! scope="row" | Financial institutions / banks
| 2.0%
|-
! scope="row" | Others
| 2.5%
|-
! scope="row" style="font-weight: bold" | Total
! style="text-align: left" | 100%
|}

==Employees==
As of May 2017, the company had 8,069 employees, of whom 185 were women (2.3%). It also had 16,114 temporary employees.<ref name="AR2012-13">{{cite web|url=https://www.bseindia.com/bseplus/AnnualReport/500182/5001820317.pdf|title=Annual Report 2016-17 (Page 103)|date=3 April 2018|publisher=Hero MotoCorp|access-date=3 April 2018|archive-date=17 July 2021|archive-url=https://web.archive.org/web/20210717034201/https://www.bseindia.com/bseplus/AnnualReport/500182/5001820317.pdf|url-status=live}}</ref>

==Awards and recognition==
* The 2006 ''Forbes'' list of the 200 World's Most Respected Companies ranked Hero Honda Motors at No. 108.<ref>{{cite news |title=The World's Most Reputable Companies |url=https://www.forbes.com/2006/11/20/leadership-companies-reputation-lead-managing-cx_hc_1120rep_list.html |date=21 November 2006|access-date=15 January 2014 |work=Forbes}}</ref>
* The Brand Trust Report published by Trust Research Advisory has ranked Hero Honda in the 7th position among the most trusted brands in India.<ref>{{Cite web|url=http://www.trustadvisory.info/allindia_2014.html |title=India's Most Trusted Brands 2014 |url-status=dead |archive-url=https://web.archive.org/web/20150502221904/http://www.trustadvisory.info/allindia_2014.html |archive-date=2 May 2015 }}</ref>

==Other initiatives==
In 1992, the company started Raman Kant Munjal Foundation (RKMF), which oversees the [[Raman Munjal Vidya Mandir]] and [[BML Munjal University]].{{cn|date=November 2024}}

==Sponsorship==
Hero has been the sponsor of the [[Caribbean Premier League]], a [[Short form cricket|twenty-20 cricket]] [[Franchising|franchise]], since 2018.<ref>{{Cite web |title=HERO MOTOCORP EXTENDS TITLE SPONSORSHIP OF CARIBBEAN PREMIER LEAGUE FOR THREE YEARS CPL T20 |url=https://www.cplt20.com/magazine-match-news-team-news/hero-motocorp-extends-title-sponsorship-caribbean-premier-league-three |access-date=2023-10-20 |website=www.cplt20.com}}</ref> Since 2014, Hero has sponsored the [[Hero World Challenge]] [[golf]] tournament.<ref>{{Cite web |title=Hero World Challenge Sponsors |url=https://heroworldchallenge.com/our-sponsors/ |access-date=2023-10-20 |website=Hero World Challenge |language=en-US}}</ref> Hero also sponsors two British events on the Golf European Tour: English Open (known as the Hero Open) and the Betfred British Masters. Hero is also a partner of Spanish club [[Atlético Madrid]].<ref name="Challenge Tour 2020 n921">{{cite web | title=Hero MotoCorp announced as the Title Partner of Hero Open | website=Challenge Tour | date=14 July 2020 | url=https://www.europeantour.com/challenge-tour/news/articles/detail/hero-motocorp-announced-as-the-title-partner-of-hero-open/ | access-date=30 October 2023}}</ref>

Hero were also the title sponsors of the first ever senior [[International Hockey Federation|FIH]] World Hockey5s in 2022.<ref>{{Cite web |date=2022-05-03 |title=Hero named title sponsor of FIH Hockey5s Lausanne 2022 |url=https://www.fih.hockey/fih-hockey5s-lausanne-2022-m/news/hero-named-title-sponsor-of-fih-hockey5s-lausanne-2022 |access-date=2023-10-20 |website=International Hockey Federation |language=en}}</ref>

===Football===
Hero sponsored India's football leagues, the [[Indian Super League]], [[I-League]], [[I-League 2|I-League Qualifiers]], [[Futsal Club Championship]], [[Indian Women's League]], [[Santosh Trophy|Senior NFC for Santosh Trophy]], [[Super Cup (India)|Super Cup]], [[Youth League (India)|Youth League]] and previously [[Federation Cup (India)|Federation Cup]]. They were also the principal sponsors of all India national and developmental football team kits. They pulled out from all the sponsorships in 2023 due to internal issues.<ref>{{Cite web |last=Joshi |first=Rutvij |title=Hero MotoCorp pulls out of ISL & Indian football sponsorship |url=https://khelnow.com/football/2023-09-indian-football-hero-motocorp-pull-out-sponsorship |access-date=2023-10-20 |website=Khel Now |language=English}}</ref>

== Allegations of tax evasion ==
In March 2022, the [[Income Tax Department|Income tax department]] conducted raids on offices and several other locations of Hero MotoCorp. Following this, the department stated in a report that the two-wheeler giant had made bogus claims of expenses to the tune of Rs 1000 crore.<ref>{{Cite web |title=Rs 1,000 crore bogus expenses detected in I-T raid on Hero Motocorp; stock slides 7% |url=https://www.moneycontrol.com/news/business/i-t-dept-detects-rs-1000-crore-bogus-expense-claims-by-hero-motocorp-report-8290971.html |access-date=2022-03-29 |website=Moneycontrol |date=29 March 2022 |language=en}}</ref>

==See also ==
* [[Ather Energy]]
* [[Bajaj Auto]]
* [[Okinawa Autotech]]
* [[Ola Electric]]
* [[TVS Motor Company]]
* [[List of companies of India]]
{{Portalbar|Companies}}

==References==

{{Reflist|2}}

{{Motorcycles}}
{{Two wheelers in India}}
{{Nifty 200 companies}}
{{Automotive industry in India}}

[[Category:Vehicle manufacturing companies established in 1984]]
[[Category:Companies based in New Delhi]]
[[Category:Manufacturing companies based in Delhi]]
[[Category:Motorcycle manufacturers of India]]
[[Category:Indian brands]]
[[Category:Indian companies established in 1984]]
[[Category:Electric vehicle manufacturers of India]]
[[Category:Hero Group]]
[[Category:1984 establishments in Delhi]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Multinational companies headquartered in India]]
[[Category:Hero Honda motorcycles|*]]

Hero MotoCorp - Revision history

Ananyareddy at 20:34, 20 January 2026