Hero Motors Company

{{short description|Bike and bicycle manufacturer}}

{{Distinguish|Hero Group}}

{{EngvarB|date=March 2020}}

{{Use dmy dates|date=March 2020}}

{{Infobox company

| name = Hero Motors Company

| logo = HMC Logo Final.svg

| type = Private

| foundation = {{Start date and age|2007}}

| location = Gurugram, Haryana, India

| key_people = Pankaj M Munjal{{cite news |last1=Bhandari |first1=Bhupesh |last2=Mukherjee |first2=Sharmistha |title=The cycle king |url=https://www.business-standard.com/article/companies/the-cycle-king-112030300033_1.html |access-date=19 March 2021 |work=Business Standard India |date=3 March 2012}}

| products = Bicycles, scooters, motorcycles

| num_employees = 7610

| revenue = {{INRConvert|26|b}} 2017-2018{{cite news|url=http://epaper.bhaskar.com/ludhiana/ludhiana-bhaskar/84/27122017/cph/3 |title=HMC revenue reaches to INR 2600 Cr |publisher=epaper.bhaskar.com |date= 27 December 2017|access-date=27 December 2017}}{{dead link|date=May 2025|bot=medic}}{{cbignore|bot=medic}}{{cite news|url=http://dainiksaveratimes.epapr.in/1482019/Chandigarh-Main/Chandigarh#page/9/2 |title=HMC revenue expected to reache INR 2600 Cr |publisher=dainiksaveratimes.epapr.in |date= 27 December 2017|access-date=27 December 2017}}

| assets = {{INRConvert|76.40|b}}

| assets_year = 2017-2018

| homepage = {{url|hmcgroup.co.in}}

}}

Hero Motors Company (HMC) is an Indian multinational business conglomerate controlled by Pankaj M Munjal.{{cite web|url=http://www.herocycles.com |title=Hero Cycles Ltd |publisher=Herocycles.com |access-date=10 August 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110807115247/http://www.herocycles.com/milestones.php |archive-date=7 August 2011 }}{{cite news|url=https://auto.economictimes.indiatimes.com/news/industry/hero-cycles-other-group-companies-elevate-pankaj-munjal-as-new-chairman-md/48142351 |title=Hero Cycles & other group companies elevate Pankaj Munjal as new Chairman & MD |work=The Economic Times |date= 20 July 2015|access-date=20 July 2015}} The HMC family{{cite news|url=http://www.thehindu.com/business/Industry/hero-motors-group-elevates-pankaj-munjal-as-cmd/article7443657.ece |title=Hero Motors Group elevates Pankaj Munjal as CMD |last=PTI |access-date=19 March 2021 | work=The Hindu |date= 20 July 2015}}{{cite news|url=https://www.entrepreneur.com/article/251261 |title=Hero Group: How embarrassment led to the creation of world's largest bicycle empire |publisher=entrepreneur.com |date= 1 October 2015 |access-date=19 March 2021}} is made up of organisations such as Hero Cycles, Avocet Sports (UK),{{cite news|url=http://www.thehindubusinessline.com/companies/hero-cycles-plans-to-set-up-global-design-centre-in-uk/article9374633.ece |title=Hero Cycles plans to set up global design centre in UK |work=The Hindu Businessline |date= 22 November 2016 |last=PTI |access-date=19 March 2021}} BSH (Sri Lanka), Firefox,{{cite news|url=http://www.livemint.com/Companies/v2I8jh8Tv236qS4dDFi06K/Hero-Cycles-acquires-Firefox-Bikes-in-allcash-transaction.html |title=Hero Cycles buys Firefox Bikes for Rs 150 crore |last=Raj |first=Amrit |access-date=19 March 2021 |work=Mint |date= 18 September 2015}} Spur,{{cite web|url=http://www.bikebiz.com/news/read/hero-cycles-q-a/019646|title=Hero Cycles Q&A|date=9 June 2016|publisher=bikebiz.com|access-date=19 March 2021}} HGD,{{cite news|url=http://www.bqlive.co.uk/innovation/2017/01/30/news/global-bike-manufacturer-unveils-2m-manchester-design-centre-8592/ |title=GLOBAL BIKE MANUFACTURER UNVEILS £2M MANCHESTER DESIGN CENTRE |access-date=19 March 2021 |publisher=bqlive.co.uk |date= 30 January 2017}} Hero Motors,{{cite news|url=https://timesofindia.indiatimes.com/city/ludhiana/Hero-Cycle-Groups-transmission-division-to-supply-gears-to-Ducati/articleshow/54853993.cms |title=Hero Cycle Group's transmission division to supply gears to Ducati |last=Behl |first=Mohit |access-date=19 March 2021 |work=The Times of India |date= 14 October 2016}} Munjal Hospitality,{{cite news |last1=Mookerji |first1=Nivedita |last2=Chitravanshi |first2=Ruchika |title=Hero's hospitality foray begins with Marriott deal |url=https://www.business-standard.com/article/companies/hero-s-hospitality-foray-begins-with-marriott-deal-112051700020_1.html |access-date=19 March 2021 |work=Business Standard India |date=17 May 2012}}{{cite news |last1=Tiwari |first1=Ashish K. |title=Hero Group putting up a Rs650 crore hotel in Gurgaon |url=https://www.dnaindia.com/business/report-hero-group-putting-up-a-rs650-crore-hotel-in-gurgaon-1583725 |access-date=19 March 2021 |work=DNA India |date=6 September 2011 |language=en}} Munjal Kiriu,{{cite news |last1=Das |first1=Sohini |title=Munjal Kiriu Industries commissions new auto component plant in Gujarat |url=https://www.business-standard.com/article/companies/hero-motors-japanese-firm-commission-new-auto-components-plant-in-gujarat-117092000979_1.html |access-date=19 March 2021 |work=Business Standard India |date=20 September 2017}} ZF Hero{{cite news|url=http://www.indiancarsbikes.in/auto-news/zf-hero-chassis-system-inaugurates-new-plant-129793 |title=ZF Hero Chassis System inaugurates new plant |access-date=19 March 2021 |publisher=indiancarsbikes.in |date= 26 September 2015}} and OMA.{{cite news |title=Hero Motors launches AUMA, enters restaurant business |url=https://www.business-standard.com/article/press-releases/hero-motors-launches-auma-enters-restaurant-business-111110300109_1.html |access-date=19 March 2021 |work=Business Standard India |date=3 November 2011}}

Plants

  • Hero Cycles, Ludhiana, Punjab{{cite news|url=http://www.thehindubusinessline.com/companies/hero-cycles-eyes-setting-up-rs-400-cr-project/article9658676.ece |title=Hero Cycles eyes setting up Rs. 400 cr |last=PTI |access-date=19 March 2021 |work=The Hindu Businessline |date= 22 April 2017}}
  • Hero Cycles, Ghaziabad, Uttar Pradesh{{cite news|url=http://www.thehindubusinessline.com/companies/hero-cycles-opens-aluminium-cycle-unit-at-ghaziabad/article5015867.ece |title=Hero Cycles opens aluminium cycle unit at Ghaziabad |last=PTI |access-date=19 March 2021|work=The Hindu Businessline |date= 12 August 2013}}
  • Hero Cycles, Bihta, Bihar{{cite news|url=https://www.telegraphindia.com/1140827/jsp/frontpage/story_18765296.jsp |archive-url=https://web.archive.org/web/20140829154151/http://www.telegraphindia.com/1140827/jsp/frontpage/story_18765296.jsp |url-status=dead |archive-date=29 August 2014 |title= Investment pedals in with Hero |access-date=19 March 2021|work=Telegraph India |date= 27 August 2014}}
  • BSH Ventures Pvt. Ltd., Sri Lanka{{cite news|url=http://www.businesstoday.in/opinion/perspective/hero-cycles-lankan-acquisition-to-serve-as-gateway-for-exports-to-europe-and-high-end-bicycles-to-india/story/232157.html |title=Hero Cycles' Lankan acquisition to serve as gateway for exports to Europe & high-end bicycles to India |access-date=19 March 2021 |publisher=Business Today |date= 4 May 2016}}
  • ZF HERO Chassis Systems, Pune, Maharashtra{{cite news |last=Bajad |first=Kiran |date=6 October 2016 |url=http://www.autocarpro.in/features/zf-goes-increase-localisation-22048 |title=ZF goes all out to increase localisation |work=Autocar Pro |access-date=19 April 2021}}{{cite news|url=http://machinist.in/index.php?option=com_content&task=view&id=2784 |title=ZF sets up Plant in Pune, India for heavy truck transmissions |access-date=19 March 2021

|publisher=machinist.in |date= 27 October 2010}}

  • ZF HERO Chassis Systems, Chennai, Tamil Nadu{{cite news|url=https://economictimes.indiatimes.com/zf-hero-starts-assembling-chassis-for-bmw/articleshow/49185170.cms |title=ZF Hero starts assembling chassis for BMW |last=PTI |access-date=19 March 2021 |work=The Economic Times |date= 1 October 2015}}
  • Munjal Kiriu, Manesar, Haryana{{cite news|url=http://www.thehindu.com/business/companies/Hero-Motors-sells-17.6-stake-in-Munjal-Kiriu-Industries/article15444255.ece |title=Hero Motors sells 17.6% stake in Munjal Kiriu Industries |access-date=19 March 2021 |work=The Hindu |date= 14 February 2011}}
  • Munjal Kiriu, Ahmedabad, Gujarat{{cite news|url=http://www.thehansindia.com/posts/index/Business/2017-09-21/Hero-Motors-invests-Rs150Cr-installs-new-manufacturing-unit-under-joint-venture-with-Kiriu-Japan/328088 |title=Hero Motors invests Rs. 150Cr, installs new manufacturing unit under joint venture with Kiriu, Japan |last=ANI |access-date=19 March 2021 |publisher=Hans India |date= 21 September 2017}}{{cite news|url=http://www.thehindubusinessline.com/companies/heromotorsled-casting-venture-commissions-150crore-plant-in-gujarat/article9866439.ece |title=HeroMotors-led casting venture commissions ₹150-crore plant in Gujarat |access-date=19 March 2021 |work=The Hindu Businessline |date= 20 September 2017}}

See also

References