Hero Motocorp Ltd.(formerly known as Hero Honda) is the world’s largest manufacturer of two-wheelers and is based in India. It produces and sells a range of motorcycles and scooters and has a market share of 46% among Indian two-wheelers. The company is promoted by the Munjal brothers and listed on India’s National Stock Exchange(NSE) and Bombay Stock Exchange(BSE).
Hero Motocorp began its operations in 1984 as a joint venture with Honda Motors, Japan and the company was incorporated as Hero Honda Motors Ltd. Their first product Hero Honda CD100, a fuel efficient bike was launched in 1985. In two years time, they produced 100,000 motorcycles. Very soon they introduced ‘Sleek’, a motorcycle model and in 1991, they produced their 500,000th bike. In 2000, the Splendor Motorcycle became the world’s largest selling two wheeler brand.