It maintains global industry leadership to date. In 2001, the company became the second largest two-wheeler manufacturing company in India and globally. A popular advertising campaign based on the slogan 'Fill it - Shut it - Forget it that emphasised the motorcycle's fuel efficiency helped the company grow at a double-digit pace since inception. Munjal family and Honda group both owned 26% stake in the Company.ĭuring the 1980s, the company introduced motorcycles that were popular in India for their fuel economy and low cost. A joint venture between the Hero Group and Honda Motor Company was established in 1984 as the Hero Honda Motors Limited at Dharuhera, India. "Hero" is the brand name used by the Munjal brothers for their flagship company, Hero Cycles Ltd. This decision came 18 months after its split from Hero Honda. In June 2012, Hero MotoCorp approved a proposal to merge the investment arm of its parent Hero Investment Pvt. In 2010, when Honda decided to move out of the joint venture, Hero Group bought the shares held by Honda. Hero Honda started its operations in 1984 as a joint venture between Hero Cycles (sometimes called Hero Group, not to be confused with the Hero Group food company of Switzerland) of India and Honda of Japan. On 31 March 2013, the market capitalisation of the company was ?30,800 crore (US$4.3 billion)
The 2006 Forbes list of the 200 World's Most Respected Companies has Hero Honda Motors ranked at #108. The company is the largest two-wheeler manufacturer in the world, and also in India, where it has a market share of about 46% in the two-wheeler category. Hero Motocorp Ltd., formerly Hero Honda, is an Indian motorcycle and scooter manufacturer based in New Delhi, India. Home > Manufacturer > Hero Honda Hero Honda
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