Hero Motors Company

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]

Not to be confused with Hero Group.

Hero Motors Company
TypePrivate
Founded2007
HeadquartersGurugram, 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
Websitehmcworld.co.in

Plants

See also

References
  1. PTI (20 July 2015). "Hero Motors Group elevates Pankaj Munjal as CMD". The Hindu. Retrieved 19 March 2021.
  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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