Hero Motors Limited

Hero Motors Limited

Company limited by shares (2) 1+ employees

Hero Motors Limited Description

Hero Honda started its operations in 1984 as a joint venture between Hero Cycles (sometimes called Hero Group, not to be confused with the Hero Group food company of Switzerland) of India and Honda of Japan. When Honda decided to move out of the joint venture, Hero Group bought the shares held by Honda. By December 2010, the board of directors of the Hero Honda Group had decided to terminate the joint venture between Hero Group of India and Honda of Japan in a phased manner. The Hero Group would buy out the 26% stake of the Honda in JV Hero Honda. Under the joint venture Hero Group could not export to international markets (except Nepal, Bangladesh and Sri Lanka) and the termination would mean that Hero Group could now export. Since the beginning, the Hero Group relied on their Japanese partner Honda for the technology in their bikes. The rising differences between the two partners gradually emerged as an irritant. Differences had been brewing for a few years before the split over a variety of issues, ranging from Honda's reluctance to fully and freely share technology with Hero (despite a 10-year technology tie-up that expires in 2014) as well as Indian partner's uneasiness over high royalty payouts to the Japanese company. The other major irritant for Honda was the refusal of Hero Honda (mainly managed by the Munjal family) to merge the company's spare parts business with Honda's new fully owned subsidiary Honda Motorcycle and Scooter India 

Hero Motors Limited Overview

INDIA HO
Ludhiana
COMPANY SIZE
1001+ employees
CIN
U29299PB1998PLC039602
TYPE
Public
CATEGORY
Company limited by shares
SUB-CATEGORY
Indian Non-Government Company
WEBSITE
EMAIL
ysahai@heromotors.com; bvij@heromotors.com
FOUNDED
30 Apr,1998
PAID-UP CAPITAL
345,971,330
AUTHORISED CAPITAL
1,615,000,000
TRADE MARK
HERO MOTORS
ACCREDIT
ISO 9001, ISO/TS 16949
3 Related OEMs
2 No. of plants

Company Breakup

Name share
Bodies Corporate
100.00%
Total Number Of Shareholders 1

Directors of Hero Motors Limited

Name DIN Email Designation Date of joining
Pankaj Munjal Unlock to View Unlock to View Additional Director 30 May,2022
Pratibha Goyal Unlock to View Unlock to View Director 26 May,2021
Abhishek Munjal Unlock to View Unlock to View Director 10 Apr,2020
Pawan Puri Unlock to View Unlock to View Director 02 May,2018
Charu Munjal Unlock to View Unlock to View Director 30 Jun,2010

Hero Motors Limited deals in:

Processing Technologies

Process technology is the heart of all industries which involves the production of goods from the raw material. The technology process in the automotive industry comprises of the dies (plastic mold, die casting mold, casting, stamping die and forging die), along with the metal forming process, assembly/welding, surface treatment/heat treatment, industrial application/rubber parts, jig & tools and plastic molded parts as well.

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