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Hero Group The leading Two-wheeler Manufacturer

Rockman, a partner of Hero group, has expertise in aluminum die casting procedure because of the manufacturing experience of decades.

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Hero Group The leading Two-wheeler Manufacturer

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  1. Hero Group: The leading Two-wheeler Manufacturer Hero Motocorp Limited was formerly known as Hero honda. It is a multinational motorcycle and scooter manufacturer, the headquarter of which is in New Delhi. Hero Group is considered the leading and largest two-wheeler manufacturer worldwide. As per the report of 27th May 2021, this company's market capitalization was approx. Rs.59.600 CR. History of Hero Group It was the year 1984 when as a joint venture between Hero Cycles of India and Honda of Japan, this company started its operations. In the year 2012, Hero Group approved a proposal of merging the investment arm of Hero Investment Pvt. Limited with automakers. The Munjal Brothers used the brand name " Hero" for the flagship company, Hero Cycles LTD. In the year 1984, between the Hero Group and Honda Motor Company, a joint venture was set up. In the 1980s, this company introduced motorcycles that were famous in India due to their low cost and fuel economy. It was 2001 when this company became one of the leading and largest two-wheeler manufacturers globally.

  2. What are the divisions of the Hero group? BML Munjal family is the owner of Hero Group which comes with Hero MotoCorp, Hero FinCorp, Hero Future Energies, Rockman Industries, Hero Electronix, and the BML Munjal University. Hero Future Energies This one is a famous Independent Power Producer (IPP) in India. Established in 2012, it contains wind, grid-connected solar, and rooftop solar. The company's chairman and managing director is Rahul Munjal. Rockman Industries It was set up as a bicycle component manufacturer in 1960. This company ranks the top in Aluminium die casting, machined, and painted assemblies. It supplies components to famous motorcycle manufacturers & automobile OEMs worldwide.

  3. Hero FinCorp It is a finance arm of the automotive company. In addition, Hero FinCrop belongs to one of the fastest-growing Non-Banking Finance Companies in India. Jt. MD and CEO Abhimanyu Munjal led the company. Its chairman is Dr Pawan Munjal. Hero MotoCorp It is the group's flagship company which holds its reputation of being the biggest two-wheeler manufacturer worldwide for the past 19 years. The company was set up in 1984 and is now working in nearly 40 countries. The company's MD, CEO and chairman is Dr. Pawan Munjal. It was previously known as Hero Honda, an Indian multinational motorcycle and scooter manufacturer. It belongs to one of the biggest two-wheeler manufacturers worldwide. In the industry of two-wheelers, its market share is about 37.1%. Hero Electronix This one is the venture of Hero Group, set up in 2015. Its main target is making the top technology businesses emerge out of India. The company's chairman is Suman Kant Munjal whereas the Founder Director is Ujjwal Munjal. End note Rockman, a partner of Hero group, has expertise in aluminum die casting procedure because of the manufacturing experience of decades. This company is one of those in the industry which can still manufacture through all three types of die-casting processes. This company fulfills the tolerance levels as well as dimension requirements successfully for manufactured goods.

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