In the year 1984, a joint venture to launch the Hero Honda Motors Limited company was established between Honda Motors company and Hero Limited at Dharuhera, India. It is a very interesting fact that this decision from Hero MotoCorp came just 18 months after the split of Hero Honda into two different companies.Īt first, Hero was a brand name that was used by the Munjal brothers (founders of Hero company) for Hero Cycles Limited, the flagship company of the brothers. To implement this decision, Hero MotoCorp passed (later approved it too) a proposal regarding merging the investment arm of Hero Investment Private Limited, the parent Hero company, with the Hero automaker company. After a smooth running of the business by this joint venture, Hero MotoCorp decided to merge the investment arm of the parent company with the automaker.

Hero MotoCorp: History Early Days and FoundationĪfter mutually deciding to have a joint venture between Honda Company of Japan and Hero Cycles of India, Hero Honda formed and started its operations in 1984. The shares of this company are currently listed and traded on NIFTY, Bombay Stock Exchange (BSE), and NSE (New York Stock Exchange). As per the latest report of May 27, 2021, this company's total market capitalization worth was USD 7.8 Billion (Approx INR 59,600 Crore). Currently, Hero Company is the largest two-wheeler manufacturer in India as well as in the world, and the market share of this company is about 31.7% in the two-wheeler Indian market. Hero Company, which is currently headquartered in New Delhi, India, was previously known as Hero Honda Company as it was a joint venture between Hero Company of India and Honda Company of Japan.

Hero Company or officially known as Hero MotoCorp Limited is an Indian multinational scooter and motorcycle manufacturer company, and it was formerly known as Hero Honda Company.

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