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Hero MotoCorp Ltd.

BSE: 500182 Sector: Auto
NSE: HEROMOTOCO ISIN Code: INE158A01026
BSE LIVE 19:40 | 19 Oct 3738.15 -9.65
(-0.26%)
OPEN

3755.00

HIGH

3755.25

LOW

3724.55

NSE 19:49 | 19 Oct 3735.60 -17.40
(-0.46%)
OPEN

3750.00

HIGH

3759.40

LOW

3720.00

OPEN 3755.00
PREVIOUS CLOSE 3747.80
VOLUME 2019
52-Week high 4200.00
52-Week low 2844.40
P/E 21.90
Mkt Cap.(Rs cr) 74,651
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3755.00
CLOSE 3747.80
VOLUME 2019
52-Week high 4200.00
52-Week low 2844.40
P/E 21.90
Mkt Cap.(Rs cr) 74,651
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Hero MotoCorp Ltd. (HEROMOTOCO) - Company History

Hero MotoCorp Limited is the World's single largest two-wheeler motorcycle company. The company is engaged in the manufacture of two wheelers motorcycles and its parts. The company has three manufacturing facilities namely Dharuhera Gurgaon at Haryana and Haridwar at Uttarakhand. The company is based in New Delhi India.The company offers a range of bikes starting from CD Dawn CD Deluxe Splendor Plus Splendor NXG Passion and Passion Pro. The 125 cubic centimeter segment offers Glamour Super Splendor and Glamour F1. It also has an offering called Achiever in 135 cubic centimeter segment. In the 150 cubic centimeter and above the company offers brands like Hunk CBZ X-treme Karizma and the Karizma ZMR. It also offers a 100 cubic centimeter scooter Pleasure.Hero MotoCorp Limited was incorporated in the year 1984 with the name Hero Honda Motors Ltd. The company was established as a joint venture company between Honda Motor Company of Japan and Hero Group. In the year 1983 they signed a joint collaboration agreement and formed the company. The joint venture between India's Hero Group and Honda Motor Company Japan has not only created the world's single largest two wheeler company but also one of the most successful joint ventures worldwide.In the year 1985 the company commenced their commercial production at Dharuhera plant in Haryana and introduced their first motorcycle CD 100 in the market. In the year 1989 they launched the new motorcycle model Sleek in the market and in the year 1991 they introduced new motorcycle model CD 100 SS in the market. In the year 1995 the company introduced their extraordinary product Splendor in the market.In the year 1997 the company inaugurated their second manufacturing facility at Gurgaon in Haryana. Also they introduced new motorcycle model Street in the market. In the year 1999 they launched Hero Honda CBZ the first 150cc motorcycle in the Indian two wheeler industry. In the year 2001 the company introduced new models Passion and Joy in the market. In the next year they introduced new models Dawn and Ambition in the market.In the year 2003 the company launched new motorcycle models namely CD Dawn Splendor+ and Passion Plus in the market. Also they launched Hero Honda Karizma the industry's first 223cc motorcycle. In the year 2004 they introduced new models Ambition 135 and CBZ* in the market. During the year they renewed the joint technical agreement with the Honda Motors Company Japan.In the year 2005 the company launched Super Splendor CD Deluxe Glamour and Achiever in the market. In the year 2006 the company forayed into scotter segment and launched 100cc gearless scotter Pleasure in the market. In the year 2007 the company launched Splendor NXG CD Deluxe Passion Plus and Hunk in the market.During the year 2007-08 the company commissioned their third plant at Haridwar in Uttarakhand with an initial installed capacity of 500000 units. This plant had lean manufacturing and practices that ensure efficiency. During the year the company launched new models (including variants) including Splendor NXG Hunk New Super Splendor New Passion Plus Commemorative Splendor+ and a refreshed version of Pleasure. During the year 2008-09 the company increased the installed capacity of Motorised 2 wheelers upto 350CC engine by 1800000 Nos to 5200000 Nos. Also they launched eight models: Passion Pro (100 cubic capacity-4 Stroke) CBZ-Extreme (150 cubic capacity - 4 Stroke) Pleasure New Aesthetics Splendor NXG (Self Start) CD Deluxe (Self Start) Glamour FI Glamour (Carb) and HUNK Special Edition. Also they launched new motorcycle model Karizma - ZMR in the market.During the year 2009-10 the company increased the installed capacity of Motorised 2 wheelers upto 350CC engine by 200000 Nos to 5400000 Nos. The company launched nine new models during the year. During the year 2010-11 the company launched six new models including variants of existing models successfully. They refreshed Glamour and Glamour FI. They introduced the New Hunk Super Splendor and Splendor Pro. The company launched the new upgraded versions of CBZ Xtreme and Karizma. Also they breached the landmark 5 million figure cumulative sales in a single year. During the year the Indian Promoter Group of the company which comprised of Hero Investments Pvt Ltd (HIPL) Bahadur Chand Investment Pvt Ltd (BCIPL) and Hero Cycles Limited (Hero Cycles) re-aligned the shareholding in the company following a family agreement. As a result Hero Cycles transferred its shareholding in the company to HIPL on May 28 2010. As a result of these transactions the Indian Promoter Group of the company now comprises of HIPL and BCIPL owned and controlled entirely by the Munjal Family headed by Brijmohan Lall Munjal. Also during the year the Indian Promoter Group and Honda Motor Co Ltd Japan (Honda) entered into a Share Transfer Agreement (the Agreement) on January 22 2011. As per the terms of the Agreement Honda had agreed to transfer its entire shareholding of 26% in the Company to the Indian Promoter Group bringing an end to the joint venture between the two promoter groups of the company. The acquisition was completed on March 22 2011 and the shares held by Honda were transferred to the Indian joint venture partner.In addition to the Agreement the Indian Promoter Group and Honda also entered into a License Agreement on January 1 2011. As per this agreement Honda has given to the company the right and license to manufacture assemble sell and distribute certain products and their service parts under their Intellectual Property Rights.In July 2011 the company changed their name from Hero Honda Motors Ltd to Hero MotoCorp Ltd. In February 2012 the company entered into a strategic partnership with Erik Buell Racing (EBR) Of USA for contemporary technology and design inputs to enable the company to launch high end bikes for the domestic and international markets.In 2013 Hero Motocorp Commences Construction Of its New Plant & Global Parts Centre. The company Commences Construction Of Its GAME-CHANGING Centre Of Global Innovation And Research & Design. In 2014 Hero Motocorp Heralds A New Era Of Technology Leadership. The company Sets New Benchmark For The Global Two Wheeler Industry. The company Launches Splendor Ismart With Game Changing I3s Technology. The company also rides Into A Greener Tomorrow With GARDEN FactoryIn 2015 Hero MotoCorp launchs a new entry level commuter the HF Dawn. During the year the company has been allocated a 592-acre site to facilitate development of its Rs.1600-crore Greenfield manufacturing unit in Andhra Pradesh. HMCL Americas INC enters into Settlement Agreement to Acquire EBR's Consulting Business. The company commences operation in their first ever plant outside India established in Villa Rica Colombia.