Are you considering purchasing a Hero Motocorp motorcycle? Or are you simply curious about this popular brand? Either way, you’ve come to the right place. In this article, we’ll give you a complete guide to Hero Motocorp, covering everything from their history and product range to where you can buy one of their bikes. By the end, you’ll know everything you need to know about this iconic Indian motorcycle company.
What is Hero Motocorp
There are many two-wheeler companies in India, but Hero MotoCorp is the largest. It is an Indian multinational motorcycle and scooter manufacturer headquartered in New Delhi, India. The company is the second largest two-wheeler manufacturer in the world after Honda and has a market share of about 28% in India.
The company was founded in 1984 as a joint venture between Hero Cycles of India and Honda of Japan. In 2010, Hero and Honda parted ways and Hero MotoCorp became an independent company.
Hero MotoCorp manufactures and sells motorbikes and scooters under the brand names Hero, Splendor, Passion, Glamour, HF Deluxe, Maestro Edge, Xtreme 200R, Pleasure, Destini 125, Duet 125, Maestro 110, Ignitor 125, Achiever 150, Impulse 200, Xpulse 200T and Xpulse 200S.
The company has eight manufacturing facilities across India and one in Colombia. It also exports to over 50 countries across Asia, Africa, Latin America and Europe.
In 2014, the company sold 6.3 million motorcycles and scooters. In 2015, it sold 6.8 million units which grew to 7.5 million in 2016. In 2017, the company registered its highest ever sales of 8.4 million units.
The company’s revenue for the financial year 2016-17 was Rs 56,500 crore (US$8.6 billion). The operating profit for 2016-17 was Rs 4,960 crore (US$750 million) while the net profit was Rs 3,457 crore (US$530 million). The company’s revenue for the financial year 2017-18 was Rs 62,207 crore (US$9.6 billion). The operating profit for 2017-18 was Rs 5695 crore (US$870 million) while the net profit was Rs 4018 crore (US$620 million).
What is the history of Hero Motocorp
In 1944, the Hero Group was founded by Brijmohan Lall Munjal. The group initially started as a bicycle parts manufacturing company in Amritsar, India. In 1956, they began manufacturing complete bicycles under the brand name “Hero”. In 1982, the Hero Honda joint venture was established with Honda of Japan. This venture resulted in the creation of one of the most successful motorcycle brands in India, Hero Honda. In 2010, the joint venture between Hero and Honda ended, and the company was renamed Hero Motocorp.
Today, Hero Motocorp is one of the leading two-wheeler manufacturers in India. They offer a wide range of products, including motorcycles, scooters, and electric bikes. Hero Motocorp is also actively involved in motorsport, sponsoring several racing teams and riders.
Why is Hero Motocorp important
Hero Motocorp is one of the largest two-wheeler manufacturers in the world and the flagship company of the Hero Group. It is an Indian multinational motorcycle and scooter manufacturer based in New Delhi, India. The company has a market share of about 46% in the Indian two-wheeler industry with its popular Splendor and HF Deluxe models.
The company was founded in 1984 as a joint venture between the Munjal family of India and Honda of Japan. Hero Honda started with a licensed technology agreement with Honda. In 2010, Hero Honda split from Honda, with the Munjal family acquiring a majority stake in the company. The company was renamed Hero Motocorp in 2011.
Hero Motocorp manufactures and sells motorcycles and scooters under the Hero, Passion, Splendor, Glamour, Maestro Edge, Pleasure, Destini, Xtreme 160R, Xpulse 200 series and Super Splendor brand names. The company also provides financial services to its customers through its subsidiary Hero FinCorp.
The company has a large network of over 6,000 dealerships and service points across India. It also exports to over 40 countries across Africa, South Asia, Southeast Asia, Latin America, the Middle East and Europe. In FY2019-20, Hero MotoCorp sold 7.6 million units in India and 1.2 million units globally.
How has Hero Motocorp grown over the years
Hero Motocorp is one of the largest motorcycle manufacturers in the world. The company started out as a joint venture between the Indian government and Japanese company Honda in 1984. Hero Motocorp has come a long way since then, and today it is a fully-fledged public company with a turnover of over Rs. 20,000 crore. The company sells over 6 million bikes every year, and has a market share of over 50% in the Indian two-wheeler market. Hero Motocorp has a strong presence in both rural and urban markets, and its products are well-known for their fuel efficiency and low maintenance costs. The company has also been investing heavily in research and development, and has set up several state-of-the-art facilities in India and abroad. In recent years, Hero Motocorp has also forayed into the scooter segment, and its scooters are becoming increasingly popular among women customers. With its strong growth prospects, Hero Motocorp is well on its way to becoming a global leader in the two-wheeler industry.
What are some of the challenges faced by Hero Motocorp
One of the biggest challenges facing Hero Motocorp is the need to constantly innovate and evolve its product offerings in order to stay ahead of the competition. This is particularly challenging in the highly competitive Indian market, where there are a large number of manufacturers offering similar products. In order to maintain its position as the market leader, Hero Motocorp needs to continuously introduce new products and features that appeal to customers.
Another challenge facing Hero Motocorp is the need to expand its reach beyond India. The company has been successful in recent years in expanding its footprint in international markets such as Africa and Latin America, but it needs to do more to grow its share of these markets. This is essential in order to offset any potential slowdown in growth in the Indian market.
Finally, Hero Motocorp faces the challenge of managing its relationships with its dealers and distributors. These relationships are crucial to the success of the company, but can be difficult to manage due to the large number of stakeholders involved. Hero Motocorp needs to ensure that it provides its dealers and distributors with the support they need to be successful, while also maintaining a healthy margin for itself.
How has Hero Motocorp responded to these challenges
The pandemic has been a challenging time for businesses across the globe. India’s leading two-wheeler manufacturer, Hero Motocorp, has also been impacted by the COVID-19 crisis. However, the company has taken several steps to ensure business continuity and maintain its market leadership position.
One of the first measures taken by Hero Motocorp was to temporarily shut down all its manufacturing plants in India and Nepal. This was done in order to protect the health and safety of its employees. The company has also implemented a number of measures at its plants to ensure social distancing and hygiene. In addition, it has ramped up production of face masks and sanitizers for its employees and dealerships.
To support its dealerships and customers during this difficult period, Hero Motocorp has launched a number of initiatives. These include providing financial assistance to dealerships, deferring loan EMIs for customers, and offering extended warranty and service plans. The company has also introduced contactless servicing and home delivery of vehicles to minimize customer contact.
Despite the challenges posed by the pandemic, Hero Motocorp remains committed to its customers and partners. These initiatives will help the company tide over the current crisis and emerge stronger than ever before.
What are some of the products offered by Hero Motocorp
India is a land of two-wheelers. From the tiniest scooter to the largest motorcycle, two-wheelers are an integral part of Indian culture and lifestyle. Hero Motocorp is one of the leading two-wheeler manufacturers in India, with a wide range of products on offer.
The Hero Splendor is one of the most popular motorcycles in India, and is known for its fuel efficiency and reliability. The Hero Honda CBZ was a popular choice among youngsters in the early 2000s, and is still fondly remembered by many. The Hero Karizma was a performance-oriented motorcycle that was popular among speed lovers. The Hero Xtreme Sports is the latest offering from Hero Motocorp, and is targeted at the youth. It offers great performance and style, and is sure to be a hit among young buyers.
Hero Motocorp also offers a range of scooters, such as the Hero Pleasure, Hero Maestro Edge, and Hero Destini. These scooters are perfect for city commuting, and offer a hassle-free ride. The Hero Pleasure is especially popular among women riders, thanks to its stylish looks and convenient features.
So, if you’re looking for a two-wheeler, make sure to check out the products offered by Hero Motocorp. You’re sure to find something that suits your needs and budget.
What is the future of Hero Motocorp
The future of Hero Motocorp is very bright. The company has been consistently delivering great products and has been gaining market share. It has a strong brand equity and is expanding its reach in both domestic and international markets. The company is well-positioned to capitalize on the growing demand for two-wheelers in the world. It is also investing in new technologies to stay ahead of the competition. Hero Motocorp is poised for continued growth and success in the coming years.
How can I invest in Hero Motocorp
Hero Motocorp is one of the leading two-wheeler manufacturers in the world. The company has a strong presence in India and has a wide range of products across segments. You can invest in Hero Motocorp through the secondary market or through initial public offerings (IPOs). The best way to invest in Hero Motocorp is to buy its shares on the stock exchange. You can also invest in Hero Motocorp through mutual funds and exchange-traded funds (ETFs).
Why should I invest in Hero Motocorp
There are many reasons to invest in Hero Motocorp. The company is one of the largest two-wheeler manufacturers in the world and has a strong presence in India, where it is the market leader. It has a diversified product portfolio and a wide dealer and service network. Hero Motocorp is also actively involved in developing new technologies and products. It has a strong brand equity and is well-positioned to benefit from the growing demand for two-wheelers in India.