Hero MotoCorp Ltd is the world’s largest two-wheeler manufacturer by volume — producing over 6 million motorcycles annually. Based in New Delhi, it is controlled by the Munjal family and dominates India’s motorcycle market with the Splendor (India’s best-selling bike), Passion, HF Deluxe, and the Xpulse adventure range. Listed on BSE and NSE.
| Full Name | Hero MotoCorp Ltd |
| Founded | 1984 (as Hero Honda) | Rebranded 2011 |
| Chairman & MD | Pawan Munjal |
| Promoter | Munjal family / Hero Group ~35% |
| Listed | BSE: 500182 | NSE: HEROMOTOCO |
| Volume | World’s #1 two-wheeler company by volume (6M+ units/yr) |
Who Owns Hero MotoCorp?
Hero MotoCorp is controlled by the Munjal family (Hero Group) — specifically Pawan Munjal (Chairman & MD), son of founder Brijmohan Lall Munjal (now late). The Munjal family holds ~35% promoter stake. Hero MotoCorp was known as Hero Honda until 2011 — when Honda Motor Co. Japan sold its 26% stake after a 27-year JV. Hero rebranded and set up independent R&D (Centre of Innovation & Technology, Jaipur). In 2022, Hero launched Vida, its EV scooter brand.
| Year | Milestone |
|---|---|
| 1984 | Hero Honda Motors founded (Munjal + Honda JV) |
| 1994–2010 | World’s #1 two-wheeler company for consecutive years |
| 2011 | Honda exits; company rebrands to Hero MotoCorp |
| 2013 | Independent R&D centre set up in Jaipur |
| 2022 | Vida EV scooter brand launched |
More ownership profiles
1 comment
Leave a comment
This site uses Akismet to reduce spam. Learn how your comment data is processed.
I have bought Passion Plus in 2005.Bike is excellent .