In today’s blog, we are going to discuss the world’s largest two-wheeler manufacturer, Hero MotoCorp Limited formerly known as Hero Honda.
At the time when two-wheelers in India were synonymous with scooters and the scooter market was monopolized by a single player – Bajaj Auto Limited – Hero’s collaboration with Honda Motors changed everything. Despite Munjal’s long-held desire to manufacture scooters, fate had other plans.
They began commercial production at the Dharuhera plant in Haryana and introduced the first motorcycle, the CD 100, to the market. By 1987, the company had produced its one millionth motorcycle.
Today, Hero MotoCorp Limited is engaged in the manufacturing and marketing of motorcycles and scooters, and commands a market share of 35.8% in India.
It has a large product portfolio across various price segments, and few of its prominent brands include: Splendor, Passion, Glamour in the bike segment and like Pleasure, Maestro in the scooter segment and others.
It has six plants in India with a combined manufacturing capacity of 92 lakh units per annum. It also has a plant in Columbia and Bangladesh with capacity of 1.5 lakh units per annum. As of today’s date, this is Hero MotoCorp share price.
The company also has two R&D centers at Centre of Innovation and Technology in Jaipur and Hero Tech Center in Germany.