About Hero MotoCorp Limited

 

Hero MotoCorp Limited is a public company incorporated on January 19, 1984, engaged in the manufacturing and selling of motorised two-wheelers, spare parts and related services, with a dominant presence in the domestic market . The Company is the world’s largest manufacturer of motorcycles and scooters for 24 consecutive years and has sold over 124 million two-wheelers . Its footprint spans 48 countries, supported by 8 manufacturing locations and 2 R&D centres with a production capacity of 9.4 million units . Hero MotoCorp also operates manufacturing facilities in Colombia and Bangladesh to serve international markets .

 

Products include motorcycles and scooters, along with spare parts and related services . Key milestones in the latest year included operational landmarks at multiple plants: the Haridwar plant crossed 35 million cumulative vehicle production on January 6, 2025; the Halol plant crossed 5 million cumulative production on November 18, 2024; and the Company surpassed 50,000 cumulative units of its Vida electric scooter at Tirupati on September 28, 2024 . The Company has 6 subsidiaries and significant associate investments, as reported in the statutory disclosures .

 

Hero MotoCorp Limited’s Business Segments

 

Operating structure: The Company’s activities fall within a single operating segment—automotive—covering the development, design, manufacture, assembly and sale of vehicles, and related parts and accessories.

 

Hero MotoCorp Limited’s Geographic Presence 

 

Domestic vs. international: Exports contributed 5.7% of total turnover in FY 2024-25 .

 

Hero MotoCorp Limited’s Key Management

 

• Dr. Pawan Munjal, Executive Chairman

 

• Vikram S. Kasbekar, Executive Director & Acting Chief Executive Officer

 

• Vivek Anand, Chief Financial Officer

 

• Dhiraj Kapoor, Company Secretary & Compliance Officer

 

• Ram Kuppuswamy, Chief Operations Officer – Manufacturing – Plant Operations

 

• Sanjay Bhan, Executive Vice President – Global Business, Global Product Planning and Market Insights

 

• Pooja Yadava, General Counsel

 

• Ashutosh Varma, Chief Business Officer – India Business Unit

 

Latest Updates on Hero MotoCorp Limited’s

 

• Product and market moves: The Company launched 12 new products in FY 2024-25 (7 for India, including 1 EV, and 4 for global markets) and entered the Philippines with local assembly at Laguna  . International dispatches grew 43.05% year-on-year, with 4 new models for global markets and premium motorcycles forming 38% of exports .

 

• New category entry: Hero MotoCorp forayed into electric three-wheelers by acquiring a significant stake in Euler Motors, strengthening its position in the fast-growing segment .

 

• Awards and recognitions: The Surge S32 was named to TIME Magazine’s 100 Best Innovations of 2024 and won the Red Dot: Best of the Best and a Platinum A’Design Award . Separately, Hero MotoSports won the FIM World Rally-Raid Championship in 2024, becoming the first Indian OEM to do so .

 

• Operational milestones: Haridwar (35 million cumulative units on January 6, 2025), Halol (5 million on November 18, 2024), and Vida EV at Tirupati (50,000 units on September 28, 2024) marked key production achievements .

 

• Board action: On February 6, 2025, the Board approved an investment of up to Rs 5.15 crore for Solar Power Wheeling .