THE JOURNEY OF A GLORIOUS DECADE & THE ROAD AHEAD

It was on August 9th 2011, that Hero MotoCorp unveiled its new brand identity at the iconic O2 Arena in London, after an amicable separation from its erstwhile partner Honda Motor Co.

It was a bold and courageous decision for the Indian partner Hero to acquire the stakes of a global giant in the JV, and commence a solo journey. Led by Dr. Pawan Munjal, Chairman and CEO, Hero MotoCorp has been the dominant market leader in India with over 50% share in the domestic motorcycle market. The company achieved the coveted title of being the world’s no. 1 two-wheeler company in terms of volume sales of in 2001 and has successfully retained this leadership position for 20 consecutive years!

AN ELECTRIFIED FUTURE

With its Vision to “Be The Future of Mobility” - Hero MotoCorp is committed to bringing sustainable mobility solutions to its customers and is accelerating its focus on producing electric vehicles (EVs) as a part of its product portfolio.

The Company is in the process of developing EVs at its R&D facility – the Centre of Innovation and Technology (CIT) in the northern Indian city of Jaipur and plans to launch its first electric vehicle by March 2022.

In keeping with its strategic vision of providing battery powered vehicles or EVs to its customers, Hero MotoCorp has forged a strategic partnership with a smart mobility innovation company called Gogoro Inc. based out of Taiwan. Gogoro, Inc owns the world’s largest battery-swapping network and through this partnership, Hero MotoCorp will bring Gogoro’s battery swapping platform to India and other global markets. Hero will also collaborate with Gogoro on the development of electric vehicles and co-develop Hero-Gogoro powered mobility solutions for the market.

Apart from developing its own EV product, Hero MotoCorp was among the first companies to see the potential and invested in an EV start-up

Ather Energy in the year 2016, and currently Hero holds a 37% stake in the Company.