HeroMotoCorp Ltd

company

About

HeroMotoCorp Ltd is the world's largest manufacturer of two - wheelers, based in India.

  • 10001 - max

Details

Industries
Automotive,Manufacturing
Founded date
Jan 19, 1984
Number Of Employee
10001 - max
Operating Status
Active

HeroMotoCorp Ltd. (Formerly Hero Honda Motors Ltd.) is the world's largest manufacturer of two - wheelers, based in India. Late Dr. Brijmohan Lall Munjal founded HeroMotoCorp Ltd. on January 19th 1984.

In 2001, the company 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. HeroMotoCorp Ltd. continues to maintain this position till date.

The story of Hero Honda began with a simple vision - the vision of a mobile and an empowered India, powered by its two wheelers. HeroMotoCorp 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.

HeroMotoCorp's mission is to become a global enterprise fulfilling its customers' needs and aspirations for mobility, setting benchmarks in technology, styling and quality so that it converts its customers into its brand advocates. The company will provide an engaging environment for its people to perform to their true potential. It will continue its focus on value creation and enduring relationships with its partners.

HeroMotoCorp'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.

The new Hero is rising and is poised to shine on the global arena. Company's new identity "HeroMotoCorp Ltd." is truly reflective of its vision to strengthen focus on mobility and technology and creating global footprint. Building and promoting new brand identity will be central to all its initiatives, utilizing every opportunity and leveraging its strong presence across sports, entertainment and ground-level activation.

Hero MotoCorp two wheelers are manufactured across 4 globally benchmarked manufacturing facilities. Two of these are based at Gurgaon and Dharuhera which are located in the state of Haryana in northern India. The third manufacturing plant is based at Haridwar, in the hill state of Uttrakhand; the latest addition is the state-of-the-art Hero Garden Factory in Neemrana, Rajasthan.

The Company's growth in the two wheeler market in India is the result of an intrinsic ability to increase reach in new geographies and growth markets. HeroMotoCorp's extensive sales and service network now spans over to 6000 customer touch points. These comprise a mix of authorized dealerships, service & spare parts outlets, and dealer-appointed outlets across the country.

Investments

Number of Investments
Number of Lead Investments
7
4
HeroMotoCorp Ltd has made 7 investments. Their most recent investment was on May 12, 2022, when Ather Energy raised $128M.
Date Company Name
Round Money Raised Industry Lead Investor
May 12, 2022 Ather Energy
Series E $128M Clean Energy
Apr 19, 2022 Zero Motorcycles
Funding Round $107M Automotive Yes
Apr 5, 2022 Gogoro
Post-IPO Equity $295M Automotive
Jan 14, 2022 Ather Energy
Series D ₹4.20B Clean Energy Yes
Jul 24, 2020 Ather Energy
Series C $11.21M Clean Energy Yes