With a modest start in 1956 as a small manufacturer of cycle parts, Hero Group steadily evolved into an integrated manufacturing engineering solutions provider, with a family of more than 30,000 employees, as many as 7,500 outlets and a total number of 23 companies around the globe. Progressing by leaps and bounds, the company went on adding more and more feathers to its cap. Soon after starting as a manufacturer of cycle parts, the company started producing complete cycles. Currently, Hero Cycles is the world’ leading cycle producer, with more than 100 million bicycles running on Indian roads alone. In 1978, the company forayed into the moped market. Hero Motors was set up in 1988, when the company joined hands with Steyr Daimler Puch of Austria. In the subsequent years, Hero started a joint venture with acclaimed automaker Honda to produce Hero Honda motorcycles.
The saga of success, whose foundation was laid by Late Mr. Dayanand Munjal, Mr. Satyanand Munjal, Mr. Brijmohan Lall Munjal and Mr. O. P. Munjal, is being continued with the same zeal & passion by the second and third generations of the family that is internationally acclaimed for its business acumen and entrepreneurial spirit.
International financial body - World Bank has applauded Hero Cycles, describing the company as a role model in vendor development. The huge Hero Group now boasts of a number of companies that rule the roost in their respective fields. It proudly stands among the top 10 Business Houses in India. The strength and massiveness of the Group can be determined from the fact that it has annual revenue of around US$5.2 billion.
The Hero Group has been evolving with the passage of time. The best quality and competitive prices of the products have empowered the group to have an edge over its competitors and win the trust of the customes. With local stocking and logistical hubs in all the main markets, the Group is in a position to cater to the needs of the customers from around the world. Customized service part as well as customized documentation has enabled it to efficiently meet the diverse needs of the customers.
Effective use of skilled labor, and cutting-edge technologies has resulted in the unprecedented growth of the Group. Keeping abreast of the trends in the automotive industry and the changing needs of the customers, Hero Group is continuously launching innovative products in the market. The Group is advancing, building long-term relationship with the clients and expanding its business empire.
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