Hero MotoCorp Ltd
NSE: HEROMOTOCO BSE: 500182
₹5575
(-2.39%)
Sat, 14 Mar 2026, 11:08 pm
Market Cap1142.43B
PE Ratio20.51
Dividend3.13
Consumer Durables
Motor Vehicles
24.5KCompany History
1983
- Signed joint collaboration agreement with Honda Motor Co. Ltd., Japan.
1984
- Incorporated on January 19 in New Delhi; promoted by Hero Cycles Pvt. Ltd.
- Entered technical-cum-financial collaboration with Honda Motor Co. Ltd., Japan.
- Introduced CD-100, India's first 100cc four-stroke motorcycle.
- Issued 1,19,99,985 equity shares including reservations and public offer.
1985
- Expanded capacity from 120,000 to 150,000 vehicles per annum.
1986
- Issued 3,600,000 rights equity shares (3:10).
1987
- Offered 600,000 15% secured redeemable debentures (1:18).
- Allotted 300,000 additional debentures from oversubscription.
- Issued 375,000 rights equity shares (3:10).
1989
- Introduced Sleek model in July.
- Forfeited 850 equity shares.
1990
- Planned CD 100 SS launch for semi-rural conditions; held 46% market share.
- Reissued 850 forfeited shares.
1994
- Proposed Dharuhera expansion to 240,000 units; new Gurgaon plant 150,000 units.
- Issued 39,79,500 bonus shares (1:4); issued fractional coupons.
- Produced 1,83,490 motorcycles; turnover Rs 483.85 crores.
1995
- Issued 14,420 bonus shares from fractional coupons.
- Signed new technical collaboration with Honda until 2004.
- Allotted 39,79,500 bonus equity shares on February 7.
1997
- Launched Street 100cc for urban traffic.
- Set up new Gurgaon plant for Super Cub.
- Set up state-of-the-art plant.
- Hero Motors set up Brazil plant for Winner scooters.
- Launched Street-100 step-thru on January 24.
1998
- Proposed increase in share capital.
- Proposed 1,99,68,750 bonus shares (1:1).
- Issued 23,962,500 bonus shares (1:1).
- Launched CBZ with Transient Power Fuel Control system.
- Honda exited Kinetic Honda.
1999
- Signed MoU with 20th Century Finance for motorcycle financing.
- Honda aimed to increase stake to 38.6%.
- Hero Motors formed JV with Briggs & Stratton for engines.
- Honda planned re-entry into scooters and three-wheelers with Hero Honda.
2000
- Signed national tie-up with Tata Finance.
- Relaunched Street Smart on April 13.
- Launched upgraded Street step-through.
- Ranked 9th highest value creator in BSE top 100 (1994-99).
2001
- Launched Passion 100cc motorcycle.
- Approved equity split 1:5 (Rs 10 to Rs 2).
- Sold 1 million motorcycles, largest Honda seller worldwide.
- Crisil reaffirmed AAA rating.
- Chairman Brijmohan Lall Munjal won Ernst & Young Entrepreneur of the Year award.
2002
- Included in BSE Sensex.
- Became world's largest two-wheeler company with 1.3 million sales in 2001.
- Honda sourced motorcycles for Vietnam market.
- Hiked royalty to Honda to Rs 630 per vehicle.
- Approved FII stake increase to 40%.
- Became most profitable two-wheeler company.
- Launched Ambition 133cc.
- Unveiled Smart 75cc step-thru.
- Introduced free insurance scheme worth Rs 1,000.
2003
- Achieved sales turnover over Rs 5,000 crore in 2002-03.
- Launched CD Dawn 100cc motorbike.
- Hiked production capacity to 300,000 units.
- Launched co-branded credit card with SBI Cards.
- Produced five million bikes at Dharuhera plant.
- Launched Karizma 223cc motorcycle.
- Partnered with SISI for youth training.
- Introduced new dealer credit system.
- Introduced Passion Plus.
- Forged marketing pact with Aprilia.
- Won two Total Customer Satisfaction Awards.
- Karizma won BBC Bike of the Year Award.
2004
- Relaunched Ambition; unveiled new version.
- Dawn became largest entry-level bike.
- Hero Motors introduced Sting 4-stroke bike.
- Hero Motors announced licensing with Bombardier-Rotax for engines.
- Renewed alliance with Honda Motor.
- Launched co-branded credit card with SBI Card.
2005
- Launched Pleasure scooter.
- Rolled out Achiever 150cc motorcycle.
2006
- Launched CBZ X-treme.
- Launched Glamour and Passion Plus limited edition.
- Remained world No. 1 for 5th year.
- Achieved 15 million production milestone.
2007
- Appointed Yutaka Kudo as director and whole-time executive director.
- Remained world No. 1 for 6th year.
- Launched Splendor NXG.
- Launched CD Deluxe.
- Launched Passion Plus.
- Launched Hunk.
- Achieved 20 million production milestone.
2008
- Appointed Arun Nath Maira as additional non-executive independent director.
- Inaugurated Haridwar plant.
- Launched new Pleasure.
- Launched Splendor NXG with power start.
- Launched Passion Pro.
- Launched CBZ Xtreme.
- Achieved 25 million production milestone.
- Launched CD Deluxe with power start.
- Launched new Glamour.
- Launched Glamour Fi.
2009
- Appointed Ravi Nath as additional non-executive independent director.
- Launched Hunk limited edition.
- Splendor reached 11 million production landmark.
- Launched Karizma ZMR.
- Celebrated silver jubilee.
2010
- Signed MoU with Honda for new licensing arrangement.
- Launched Super Splendor with Honda intelligent ignition system.
2011
- Signed new licensing arrangement with Honda; renamed to Hero MotoCorp.
- Launched refreshed Glamour, Glamour Fi, CBZ Xtreme, Karizma.
- Crossed 5 million cumulative sales in a single year.
- Received new certificate of incorporation as Hero MotoCorp Limited.
- Rolled out updated Glamour and Glamour FI variants.
2012
- Formed strategic partnership with Erik Buell Racing of USA.
- Signed deal with European design and technology partner.
- Joined hands with HDFC Bank for 6.99% financing.
- Hero Investment Pvt. Ltd. to merge with Hero MotoCorp Ltd.
- Tied up with Erik Buell Racing for high-end bike technology.
2013
- Commenced construction of new plant and global parts centre.
- Offered 5-year warranty on all two-wheelers.
- Commenced construction of global innovation and research centre.
- Achieved record retail sales of over 1.2 million units in Oct-Nov.
2014
- Launched Splendor iSmart with i3s technology.
- Introduced 'GARDEN Factory' for greener operations.
2015
- Achieved highest-ever calendar year sales in 2014.
- Launched HF Dawn entry-level commuter.
- Allocated 592-acre site for Rs 1,600-crore greenfield unit in Andhra Pradesh.
- Launched new Passion Pro bike.
- HMCL Americas INC entered settlement agreement to acquire EBR's consulting business.
- Commenced operations at first overseas plant in Villa Rica, Colombia.
2016
- Commenced year with robust sales.
- Unveiled four new two-wheelers.
- Unveiled technology and innovation-driven product strategy.
- Inaugurated CIT in Jaipur.
- Marked five years of solo journey with leadership performance.
- Launched Splendor iSmart 110, first fully in-house designed motorcycle.
- Received TIME India Manufacturing Innovator of the Year Award.
2017
- Unveiled 3 new motorcycles.
2018
- Launched new Super Splendor at Rs 57,190.
- Commenced sales of Passion PRO and Passion XPRO.
- Started work on new plant in Andhra Pradesh.
- Won Best Launch - Two Wheeler at CNB Auto Expo Awards.
- Won Bikesport Award of the Year at Times Auto Awards.
2019
- First two-wheeler manufacturer to receive BS-VI certification.
- Launched India's first BS-VI motorcycle.
- Partnered with Swarna Bharat Trust for training centre in Andhra Pradesh.
2020
- Launched HF Deluxe BS-VI starting at Rs 55,925.
- Launched Maestro Edge 125 Stealth at Rs 72,950.
- Launched Splendor+ Black and Accent edition.
- Won Motorcycle of the Year at Exhibit Auto Tech Awards.
- Won Tourer Bike of the Year (up to 250cc) at Flywheel Auto Awards.
2021
- Launched new motorcycle for Nigerian market.
- Launched Hero Hunk 150R in Bangladesh.
- Launched XPulse 200 4 Valve.
- Launched Pleasure+ 'XTec' scooter.
- Partnered with Gilera Motors Argentina.
2022
- Expanded operations in El Salvador.
- Tied up with BPCL for EV charging infrastructure.
- Partnered with Nagpur Police on International Women's Day.
- Launched new Splendor avatar starting at INR 72,900.
- Launched Passion Xtec motorcycle.
2023
- Launched brand 'Vida' for emerging mobility solutions.
- Inaugurated new dealership in Rajasthan.
- Board approved investment up to Rs 700 crore in Hero FinCorp.
- Recognized as world's largest manufacturer of motorcycles and scooters by unit volumes.
- Approved investment up to INR 550 crore in Ather Energy rights issue.
- Launched Xtreme 160R 4V premium bike at Rs 1.27 lakh.
2024
- Partnered with Hockey India League as title sponsor.
- Extended title sponsorship of Hero World Challenge through 2030.
- Launched Hero For Startups.
- Expanded premium dealership network in Uttar Pradesh.
- Achieved 6.37 lakh sales in September.
- Expanded Premia network in West Bengal.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800