[WCSA– Wowtimes - Almanac Events & Achievements 2023] Milestones in 39 years of development of Hero MotoCorp, Indian largest two-wheeler manufacturer (1984)

29-07-2023

(wcsa.world) Hero MotoCorp is the dominant player in the Indian two-wheeler market. The company is also expanding its presence in international markets. Hero MotoCorp is a well-known brand and is considered to be one of the most trusted brands in India.

Hero MotoCorp Limited (formerly Hero Honda) is an Indian multinational motorcycle and scooter manufacturer headquartered in New Delhi. It is the world's largest two-wheeler manufacturer and has a market share of about 46% in the Indian two-wheeler industry. As of 27 May 2021, the market capitalization of the company was ₹59,600 crore (US$8.7 billion in 2023).

 

 

Hero MotoCorp's product range includes motorcycles, scooters, and three-wheelers. The company's best-selling motorcycle is the Splendor, which has been the best-selling motorcycle in India for over 15 years. Hero MotoCorp's other popular motorcycles include the Passion, Glamour, and Xtreme. The company's scooters include the Maestro Edge, Duet, and Destini. Hero MotoCorp also manufactures three-wheelers under the brand name Hero Karizma.

 

 

Hero MotoCorp exports its products to over 40 countries. The company has manufacturing plants in India, Bangladesh, Nepal, and Indonesia. Hero MotoCorp is also planning to set up manufacturing plants in Vietnam and Thailand.

(Wowtimes)Hero MotoCorp’s History andAchievements

  • 1956: Hero Cycles was founded in Ludhiana, Punjab, India by Brijmohan Lall Munjal.
  • 1975: Hero Cycles became the largest bicycle manufacturer in India.
  • 1984: Hero Cycles and Honda Motor Company of Japan formed a joint venture to create Hero Honda Motors Limited.
  • 1985: Hero Honda launched its first motorcycle, the CD100.
  • 1995: Hero Honda became the world's largest two-wheeler manufacturer.
  • 2001: Hero Honda launched the Splendor motorcycle, which becomes one of the best-selling motorcycles in India.
  • 2011: Honda sold its stake in Hero Honda to the Munjal family, and the company is renamed Hero MotoCorp.
  • 2012: Hero MotoCorp launched the Karizma ZMR motorcycle, which is India's first fully-faired sports bike.
  • 2013: Hero MotoCorp became the first Indian company to cross the 10-million-unit sales mark in a single financial year.
  • 2014: Hero MotoCorp launched the Impulse scooter, which is India's first automatic scooter with a fuel-injected engine.
  • 2015: Hero MotoCorp launched the Xpulse motorcycle, which is India's first adventure motorcycle.
  • 2016: Hero MotoCorp launched the Duet scooter, which is India's first maxi-scooter.
  • 2017: Hero MotoCorp launches the Maestro Edge scooter, which is India's first scooter with a Bluetooth-enabled instrument cluster.
  • 2018: Hero MotoCorp launches the Destini 125 scooter, which is India's first scooter with a 125cc engine.
  • 2019: Hero MotoCorp launches the Xpulse 200T motorcycle, which is India's first adventure motorcycle with a 200cc engine.
  • 2020: Hero MotoCorp launches the Passion Pro motorcycle, which is India's first motorcycle with a BS6-compliant engine.
  • 2021: Hero MotoCorp launches the Xtreme 200S motorcycle, which is India's first naked sports bike with a 200cc engine.
  • 2022: Hero MotoCorp launches the Destini 125X scooter, which is India's first scooter with a 125cc engine and a sporty look.

According to Wikipedia

 

Brian (collect) - (World Creativity Science Academy)