Hero MotoCorp is world’s largest two-wheeler maker, with headquarters in New Delhi. With more than 40 per cent share in the Indian two-wheeler market, Hero MotoCorp is India’s number one two-wheeler company. Founded by Brijmohan Lall Munjal, Hero first started with a joint venture with Honda. However, this successful alliance ended in 2010 and both became a big competitor to each other.
Hero MotoCorp has four manufacturing facilities located at Dharuhera, Neemrana and Gurgaon in Haryana and at Haridwar in Uttarakhand. These plants together have a production capacity of 7.6 million 2-wheelers per year. The company's research & development facility is located in the outskirts of Jaipur, spread across 249 acres. With over 6,000 dealerships across India, Hero MotoCorp has managed to penetrate most of the rural areas of the country along with metros.
The company currently sells a wide range of motorcycles and scooters in various segments – starting from 100cc where the Splendor range begins, all the way till 223cc Karizmas. There are a couple of Hero scooters too like the Maestro Edge, the Duet and the Pleasure.
Electric scooters will form a major part of the Hero bikes new launches in the coming years. Hero MotoCorp is also focusing on green technologies and the result was seen at the last two Auto Expos with the unveiling of the Leap scooter, Duet E and the ioN. The company is currently focusing on selling 20 million vehicles worldwide by 2020.