Hero Motors Company

Last updated

Hero Motors Company
Type Private
Founded2007
Headquarters Gurugram, Haryana, India
Key people
 Pankaj M Munjal [1] [2]
ProductsBicycles, scooters, motorcycles
Revenue₹26 billion (US$330 million) 2017-2018 [3] [4]
Total assets ₹76.40 billion (US$960 million) [2]  (2017-2018)
Number of employees
7610
Website hmcworld.co.in

Hero Motors Company (HMC) is an Indian multinational business conglomerate controlled by Pankaj M Munjal. [5] [6] The HMC family [1] [7] is made up of organisations such as Hero Cycles, Avocet Sports (UK), [8] BSH (Sri Lanka), Firefox, [9] Spur, [10] HGD, [11] Hero Motors, [12] Munjal Hospitality, [13] [14] Munjal Kiriu, [15] ZF Hero [16] and OMA. [17]

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References

  1. 1 2 PTI (20 July 2015). "Hero Motors Group elevates Pankaj Munjal as CMD". The Hindu. Retrieved 19 March 2021.
  2. 1 2 Bhandari, Bhupesh; Mukherjee, Sharmistha (3 March 2012). "The cycle king". Business Standard India. Retrieved 19 March 2021.
  3. ↑ "HMC revenue reaches to INR 2600 Cr". epaper.bhaskar.com. 27 December 2017. Retrieved 27 December 2017.
  4. ↑ "HMC revenue expected to reache INR 2600 Cr". dainiksaveratimes.epapr.in. 27 December 2017. Retrieved 27 December 2017.
  5. ↑ "Hero Cycles Ltd". Herocycles.com. Archived from the original on 7 August 2011. Retrieved 10 August 2011.
  6. ↑ "Hero Cycles & other group companies elevate Pankaj Munjal as new Chairman & MD". The Economic Times. 20 July 2015. Retrieved 20 July 2015.
  7. ↑ "Hero Group: How embarrassment led to the creation of world's largest bicycle empire". entrepreneur.com. 1 October 2015. Retrieved 19 March 2021.
  8. ↑ PTI (22 November 2016). "Hero Cycles plans to set up global design centre in UK". The Hindu Businessline. Retrieved 19 March 2021.
  9. ↑ Raj, Amrit (18 September 2015). "Hero Cycles buys Firefox Bikes for Rs 150 crore". Mint. Retrieved 19 March 2021.
  10. ↑ "Hero Cycles Q&A". bikebiz.com. 9 June 2016. Retrieved 19 March 2021.
  11. ↑ "GLOBAL BIKE MANUFACTURER UNVEILS £2M MANCHESTER DESIGN CENTRE". bqlive.co.uk. 30 January 2017. Retrieved 19 March 2021.
  12. ↑ Behl, Mohit (14 October 2016). "Hero Cycle Group's transmission division to supply gears to Ducati". The Times of India. Retrieved 19 March 2021.
  13. ↑ Mookerji, Nivedita; Chitravanshi, Ruchika (17 May 2012). "Hero's hospitality foray begins with Marriott deal". Business Standard India. Retrieved 19 March 2021.
  14. ↑ Tiwari, Ashish K. (6 September 2011). "Hero Group putting up a Rs650 crore hotel in Gurgaon". DNA India. Retrieved 19 March 2021.
  15. ↑ Das, Sohini (20 September 2017). "Munjal Kiriu Industries commissions new auto component plant in Gujarat". Business Standard India. Retrieved 19 March 2021.
  16. ↑ "ZF Hero Chassis System inaugurates new plant". indiancarsbikes.in. 26 September 2015. Retrieved 19 March 2021.
  17. ↑ "Hero Motors launches AUMA, enters restaurant business". Business Standard India. 3 November 2011. Retrieved 19 March 2021.
  18. ↑ PTI (22 April 2017). "Hero Cycles eyes setting up Rs. 400 cr". The Hindu Businessline. Retrieved 19 March 2021.
  19. ↑ PTI (12 August 2013). "Hero Cycles opens aluminium cycle unit at Ghaziabad". The Hindu Businessline. Retrieved 19 March 2021.
  20. ↑ "Investment pedals in with Hero". Telegraph India. 27 August 2014. Archived from the original on 29 August 2014. Retrieved 19 March 2021.
  21. ↑ "Hero Cycles' Lankan acquisition to serve as gateway for exports to Europe & high-end bicycles to India". Business Today. 4 May 2016. Retrieved 19 March 2021.
  22. ↑ Bajad, Kiran (6 October 2016). "ZF goes all out to increase localisation". Autocar Pro. Retrieved 19 April 2021.
  23. ↑ "ZF sets up Plant in Pune, India for heavy truck transmissions". machinist.in. 27 October 2010. Retrieved 19 March 2021.
  24. ↑ PTI (1 October 2015). "ZF Hero starts assembling chassis for BMW". The Economic Times. Retrieved 19 March 2021.
  25. ↑ "Hero Motors sells 17.6% stake in Munjal Kiriu Industries". The Hindu. 14 February 2011. Retrieved 19 March 2021.
  26. ↑ ANI (21 September 2017). "Hero Motors invests Rs. 150Cr, installs new manufacturing unit under joint venture with Kiriu, Japan". Hans India. Retrieved 19 March 2021.
  27. ↑ "HeroMotors-led casting venture commissions ₹150-crore plant in Gujarat". The Hindu Businessline. 20 September 2017. Retrieved 19 March 2021.


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