ABOUT HERO MOTOCORP COMPANY
This page is all about Hero Motocorp bikes, motorcycles, and their price. Hero MotoCorp Limited, headquartered in New Delhi, is a leading Indian multinational two-wheeler manufacturer. The company’s history spans several decades and is marked by significant milestones and achievements. Hero MotoCorp motorcycles offer a diverse range of bikes and scooters that cater to various preferences, with options ranging from budget-friendly models with vibrant colors and impressive fuel efficiency to premium bikes featuring advanced technology and sleek designs
Early Beginnings and Formation
Hero MotoCorp’s roots can be traced back to 1956, when Hero Cycles Limited was established as part of the Hero Group, one of the largest bicycle manufacturers in the world. The company’s journey as a motorcycle manufacturer began on January 19, 1984, with the incorporation of Hero Honda Motors Ltd., a joint venture between Hero Cycles of India and Honda Motor Company of Japan. This partnership began a new era in the Indian two-wheeler market.
Initial Success and Iconic Models of Hero MotoCorp
The first motorcycle, the Hero Honda CD100, was introduced in 1985. Hero MotoCorp motorcycles offered a balance between mileage, price, and build quality. The Hero MotoCorp quickly gained popularity, and by 1994, it had introduced the iconic Splendor, which became the world’s largest-selling two-wheeler model. The success of models like the CD100 and Splendor established Hero Honda as a household name in India.
Growth and Market Leadership
Hero Honda continued to increase, achieving significant production milestones. By 2001, Hero MotoCorp had become the largest two-wheeler manufacturing company in India and globally. Introducing models like the Passion in 2001 and the high-capacity Karizma in 2003 further solidified its market position. The company celebrated its silver jubilee in 2009 by launching the powerful Karizma ZMR.
Separation from Honda and Rebranding
In December 2010, the board of directors of the Hero Honda Group decided to terminate the joint venture with Honda in a phased manner. This led to the company’s rebranding as Hero MotoCorp Limited on July 29, 2011, marking the beginning of an independent journey. Despite the end of the partnership, Hero MotoCorp continued to innovate and expand its product lineup.
Expansion and Innovation of Hero MotoCorp
Post-separation, this company focused on developing its in-house capabilities. In 2013, the company introduced iSmart, featuring the innovative i3S technology (idle start-stop system), marking its steps towards intelligent, eco-friendly mobility solutions. The launch of the Splendor iSmart 110 in 2016, the first motorcycle developed in-house, showcased Hero’s R&D capabilities.
Achieving Milestones and Global Presence
The company has consistently achieved significant production milestones. In 2018, Hero MotoCorp celebrated the production of its 100 millionth two-wheeler, a remarkable achievement in the global two-wheeler industry. By January 2021, The Hero Motocorp’s output had exceeded 100 million units. The company has a vast network of over 10,000 customer touchpoints worldwide. It extends its presence to 47 countries, offering its products to a diversified global clientele.
Recent Developments and Future Plans of Hero MotoCorp
In recent years, the company has continued to innovate and expand its product offerings. The company announced a collaboration with Hindustan Petroleum Corporation Ltd. to promote emerging mobility solutions and unveiled a new brand, VIDA, for electric mobility in 2022. Hero MotoCorp also invested in Ather Energy, an Indian company known for making electric scooters, highlighting its commitment to the future of mobility.
