Hero MotoCorp Ltd Company History

Joint Collaboration Agreement with Honda Motor Co. Ltd. Japan signed

The Company was Incorporated on 19th January, at New Delhi. The Company Manufacture motor cycles upto 100 cc capacity. The Company was promoted by Hero Cycles (P) Ltd. (HCPL).

The Company entered into a technical-cum-financial collaboration agreement with Honda Motor Co. Ltd., Japan (HML). As per this collaboration agreement, HML was to furnish complete technical information and know-how and trade secrets and other relevant data.

Hero Honda CD-100 is the first four stroke motorcycle to be introduced in India in 100cc range. Its most attractive features are fuel efficiency and its light weight. CD-100 will be equipped with

electronic ignition system, illuminated speedometer, 4 speed gear box, neutral and flasher indicators, etc.

15 No. of equity shares subscribed for by the promoters, etc. In November, 119,99,985 No. of equity shares issued at par of which 71,99,985 shares reserved for allotment as under:

(i) 31,19,998 shares to Hero Cycles (P) Ltd., Hero Investments (P) Ltd., and Bahadur Chand Investments (P) Ltd.

(ii) 31,20,000 shares to Honda Motor Co. Ltd., Japan and

(iii) 9,59,987 shares to friends and association of promoters. Out of the balance 48,00,000 shares, 2,40,000 shares were reserved for subscription by the employees of the Company and 96,000 shares by business associates. The remaining 44,64,000 shares were offered at

par for public subscription during November.

The Company embarked on its 2nd phase of expansion of increasing its installed capacity from 1,20,000 to 1,50,000 vehicles per annum by the addition of several critical aliminium and steel components.

36,00,000 rights equity shares issued at par in prop. 3:10.

The Company offered 6,00,000 - 15% secured redeemable non-convertible debentures of Rs 100 each for cash at par on rights basis in the proportion 1 debenture: 18 equity shares.

Another 3,00,000 - 15% debentures were allotted to retain oversubscription. The debentures were to be redeemed at a premium of Rs 5 per debenture on the expiry of the 7th year from the date of allotment of the debentures.

3,75,000 rights equity shares issued at par in prop. 3:10.

The Company introduced a new model "Sleek" during July.

850 No. of equity shares forfeited.

The Company was planning to launch a new model motor cycle-CD 100 SS sutiable to semi-rural conditions. In the domestic market the Company was reported to have a market share of 46%.

850 forfeited shares reissued.

The Company proposed to expand the capacity of existing plant at Dharuhera to 2,40,000 nos. per annum. Another plant with an installed capacity of 1,50,000 nos. per annum at Gurgaon Industrial Estate was being set up.

The Company issued 39,79,500 bonus shares to the existing shareholders in the ratio of 1:4. The Company also issued 28,557 number of fractional coupons representing 14,250 shares against which shares shall be allotted to presenting the same for consolidation and

allotment.

The Company's production and turnover increased to 1,83,490 motorcycles and Rs.483.85 crores respectively due to growth in demand for two wheelers and declining inflation.

14,420 bonus shares issued by way of consolidation of fractional coupons.

A new Technical Collaboration Agreement has been signed with Honda Motor Co. Ltd., Japan for the period upto the year 2004 which includes technology related to models of higher Engine displacement.

The Company alloted 39,79,500 No. of Equity Shares of Rs. 10/- each as Bonus shares on 7th February, by way of capitalisation of General Reserves.

The Company had issued 28557 No. of Fractional Coupons representing 14.250 shares against which the Shares shall be alloted on presenting the same for consolidation and allotment.

Hero Honda Motors has launched its newest motorcycle, the Street, a 100 cc bike designed for use in congested urban traffic conditions.

Hero Honda Motors Ltd (HHML) has set up a new motorcycle plant in Gurgaon, near Delhi for the manufacture of the Honda Super Cub 100 cc stepthro bike.

Hero Honda has set up a new state-of-the-art plant, heralding a new phase of development of motorcycle industry in India, to provide the most modern and technologically advanced production facilities.

Hero Motors of the Rs.1,600 crore Hero group, as part of its globalisation plan, has set up a plant in Brazil for manufacturing hero winner scooters.

A new step thru model `Street-100' with unique feature was launched on 24th January.

The company proposes to increase the share capital to 5 crore equity shares of Rs. 10 each, 4 lakh cumulative redeemable preference shares of Rs. 100 each and 4 lakh cumulative convertible preference shares of Rs. 100 each with power to increase or reduce it from time to time.

The company further proposes to capitalise Rs. 19,96,87,500 from general reserve to share capital through issue and allotment of bonus shares. Altogether, 1,99,68,750 fully paid bonus shares will be allotted and distributed to members of the company holding equity

shares of the company in the proportion of one bonus share for every fully paid equity shares of Rs.10 each.

Motorcycles major Hero Honda is considering entry into scooters in collaboration with partners, Honda Motors, after the Japanese company decided to walk out of Kinetic Honda, their scooter venture with the Firodias of Pune.

Honda Motors recently pulled out of its joint venture with the Firodias in which it held a 51 per cent equity stake.

Honda Motor Company Ltd of Japan (Honda) and Kinetic Honda Motor Ltd (KHML) have signed a five-year licence and technical assistance agreement under which KHML will continue to receive the technical knowhow, critical vehicle parts and access to Honda's markets even

after the sale of Honda stake in KHML to Kinetic Engineering Ltd (KEL).

The Company changed the paradigm in two-wheelers by launching the most powerful and fast bike- CBZ(ee) with a unique feature of Transient Power Fuel Control (TPEC) system.

23,962,500 bonus shares issued in prop. 1:1.

Hero Honda Motors Ltd (HHML) and 20th Century Finance Corporation Ltd have signed a Memorandum of Understanding (MoU) for financing of Hero Honda motorcycles.

The company, a joint venture between Honda Motor Company of Japan and Hero group of India to produce four-stroke motorcycles, also aims to increase its share by 1 per cent to 38.6 per cent during the current fiscal.

Leading two-wheelers manufacturer Hero Motors has formed a joint venture with Briggs Stratton of US to develop and manufacture four-stroke engines for mopeds and scooters in India, a top company.

Honda Motor Company of Japan has decided to re-enter the scooter market in India as also foray into three-wheelers in a joint initiative with its existing joint venture company Hero Honda Motors Ltd.

Hero Honda Motors Ltd. and Tata Finance Ltd. have signed a national tie-up agreement. The Company is the largest manufacturer of motorcycles in the country.

The Company will relaunch its stepthru Stree Smart on Baisakhi 13th April.

Hero Honda Motors Ltd (HHML), has launched an upgraded version of the existing step-through motorcycle - the Hero Honda Street.

The Company was ranked as the 9th Highest Value Creator among 12 industry groups within the Bombay Stock Exchange top 100 companies over a five year period (1994-99).

Hero Honda Motors Ltd. has launched a new 100cc motorcycle named `Passion'.

The Company has secured shareholders' approval for splitting one equity share of Rs 10 each into five equity shares of Rs 2 each in the ratio of 1:5.

Hero Honda Motors Ltd. has become the largest seller of motorcycles amongst all Honda companies and ventures in the world by selling one million motorcycles during the current financial year.

Credit rating Agency Crisil has reaffirmed outstanding `AAA' rating assigned to the proposed Rs 15 crore non-convertible debenture issue, Rs 16 crore commercial paper programme and fixed deposit programme of Hero Honda Motors.

Promoter-Chairman of the country’s largest motorcycle manufacturing company, Hero Honda Ltd, Brijmohan Lall Munjal has bagged the prestigious Ernst & Young Entrepreneur of the Year (EOY) award here on September 27.

Company included in the 30 companies Bombay Stock Exchange index (Sensex)

Becomes the world's largest two wheeler company by selling 1.3 million vehicles in 2001

Japanese automaker Honda Motor for the first time decides to source motorcycles from its Indian joint venture Hero Honda to sell as 'Honda' brandname in Vietnam

Royalty to the Japanese parent, Honda Motor Co, hiked to Rs 630 per vehicle as compared to the flat royalty of Rs 200 on existing models like Splendor and Passion

Approves Foreign Institutional Investors (FIIs) to increase their stake from the present 24 per cent to 40 per cent

Comes out as the most profitable two-wheeler company in the country during the trailing four quarters by overtaking second-largest player, Bajaj Auto

Launches Ambition, a 133 cc 11 BHP vehicle

Unveils Smart, a 75 cc step-thru

Comes out with a free insurance scheme worth Rs 1,000 for all its bikes

Bajaj Auto goes ahead of Hero Honda in market capitalisation (m-cap) growth in the last fifteen months

Achieves a landmark sales turnover of over Rs 5,000 crore during 2002-03

Launches its cheapest 100cc motorbike 'CD Dawn'

Hikes production capacity at two of its manufacturing facilities to three lakh units

Hero Honda and SBI Cards launch co-branded credit card for Hero Honda's customers

Achieves milestone by producing five million bikes from its Dharuhera plant in Haryana

Launches its new 223-cc, 16.8 BHP Karizma at Rs 79,000

Joins hands with Small Industries Service Institute (SISI) to train the unemployed youth who have finished diplomas

Initiates a new dealer credit system which will bring down its receivable levels to around seven days and save the company Rs 100 crore

Introduces Passion Plus, new version of Passion motorcycle

Forges marketing pact with Aprilia, the Italian bike maker, to introduce its range of motoscooters and top-end motorcycles in India

The company has bagged two Total Customer Satisfaction (TCS) Awards.

Hero Honda Karizma bags BBC Bike of the Yr Award

Hero Honda retreats Ambition

Hero Honda unveils new version of Ambition

Hero Honda's Dawn emerges as largest entry-level bike

Hero Motors introduces 'Sting' new 4-stroke bike

Hero Motors has announced a licensing agreement with Austria-based Bombardier-Rotax that will provide 125cc-175cc engines for the upcoming `Hero Aprilia' range of scooters.

Hero Honda renews alliance with Honda Motor

Two-wheeler major Hero Honda and SBI Card, the credit card arm of State Bank of India, have joined hands to launch India's first co-branded credit card in the two-wheeler industry

New product launches widen HHML's product portfolio

Two-wheeler major Hero Honda on October 5 announced launch of its first scooter 'Pleasure'

Hero Honda rolls out 150-cc motorcycle Achiever

Hero Honda launches CBZ variant X-treme

Hero Honda announced the launch of two new variants the new 'Glamour' and 'Passion Plus' limited edition.

Hero Honda is the World No. 1 for the 5th year in a row

15 million production milestone achieved

Hero Honda Motors Ltd. has appointed Mr. Yutaka Kudo as Director and Whole-time Director of the Company in the category of Executive Director w.e.f. April 1, 2007.

Hero Honda is the World No. 1 for the 6th year in a row

New 'Splendor NXG' launched

New 'CD Deluxe' launched

New 'Passion Plus' launched

New motorcycle model 'Hunk' launched

20 million production milestone achieved

Hero Honda Motors Ltd has informed that Mr. Arun Nath Maira. has been appointed as an Additional Director in the category of Non Executive and Independent Director w.e.f. December 20, 2008 by the Board of Directors by way of passing a resolution by circulation.

Hero Honda Haridwar Plant inauguration

New 'Pleasure' launched

Splendor NXG lauched with power start feature

New motorcycle model 'Passion Pro' launched

New 'CBZ Xtreme' launched

25 million production milestone achieved

CD Deluxe lauched with power start feature

New 'Glamour' launched

New 'Glamour Fi' launched

Hero Honda Motors Ltd has appointed Mr. Ravi Nath as an Additional Director in the category of Non Executive and Independent Director w.e.f. October 14, 2009 by the Board of Directors by way of Passing a resolution by circulation on October 14, 2009.

Hunk' (Limited Edition) launched

Splendor completed 11 million production landmark

New motorcycle model 'Karizma - ZMR' launched

Silver jubilee celebrations

Hero Honda - Honda & Hero Honda sign MoU for New Licensing Arrangement

Hero Honda on September 2 launched the new model of Super Splendor that comes with 'Honda intelligent ignition system' (HIIS). Priced at Rs.45,950.

New licensing arrangement signed between Hero and Honda (Hero Honda is renamed as Hero)

Launch of new refreshed versions of Glamour, Glamour Fi, CBZ Xtreme, Karizma

Crosses the landmark figure of 5 million cumulative sales in a single year

Hero Honda Motors Ltd has received a fresh copy of Certificate of Incorporation consequent upon change of name from Hero Honda Motors Ltd. to Hero MotoCorp Limited.

Hero Honda rolled out the updated variants of their 125 cc motorcycle namely Glamour and Glamour FI where the new Hero Honda Glamour will be priced at Rs 50,500 for the drum brake variant and Rs 52,500 for the disc brake variant.

Company has changed its name from Hero Honda Motors Ltd. to Hero MotoCorp Ltd.

Hero Honda - Hero Motocorp Forms Strategic Parternership With Erik Buell Racing of USA

Hero Motorcorp signed deal with a European design and technology partner.

Hero MotoCorp joins hands with HDFC Bank to offer financing at 6.99%

Hero Investment Pvt. Ltd. to Merge with Hero Motocorp Ltd.

Hero MotoCorp tied up with US-based Erik Buell Racing (EBR) to outsource technology to be used for its high-end bikes.

Hero Motocorp Commences Construction Of Its New Plant & Global Parts Centre

Hero Motocorp Launches Another Market First Offers Warranty Of 5 Years On All Its Two-Wheelers

Hero Motocorp Commences Construction Of Its "GAME-CHANGING" Centre Of Global Innovation And Research & Design

Hero Motocorp Sets Yet Another Milestone In Its Journey Of Technological Leadershiphero Motocorp Zooms Ahead With Record Retail Sales Of Over 1.2 Million Units In Oct-Nov

Hero Motocorp Heralds A New Era Of Technology Leadership

Hero Motocorp Sets New Benchmark For The Global Two Wheeler Industry

Hero Motocorp Launches Splendor Ismart With Game Changing I3s Technology

Hero Motocorp Sets New Industry Benchmark With Record Sales For A Non - Festive Month

Hero Motocorp Rides Into A Greener Tomorrow With "GARDEN Factory"

Hero MotoCorp Augments Leadership with Highest-ever Calendar Year Sales in 2014

Hero MotoCorp has launched a new entry level commuter, the HF Dawn

Hero MotoCorp has been allocated a 592-acre site to facilitate development of its Rs.1600-crore Greenfield manufacturing unit in Andhra Pradesh

Hero MotoCorp launches new Passion Pro bike

HMCL Americas INC enters into "Settlement Agreement" to Acquire EBR's Consulting Business

Hero MotoCorp has commenced operation in their first ever plant outside India established in Villa Rica, Colombia

Hero MotoCorp Commences the New Year with Robust Sales

Hero MotoCorp unveils Four new 2-wheelers

Hero MotoCorp unveils technology & innovation-driven new product strategy

Hero MotoCorp inaugurates CIT in Jaipur

Hero MotoCorp Marks Five Years of Solo Journey with Leadership Performance

Hero Motocorp begins a new era with the Splendor iSmart 110 - the first motorcycle completely designed & developed in-house

Hero Motocorp recives TIME India Awards - Manufacturing Innovator of the Year Award

Hero MotoCorp unveils 3 new motorcycles

Hero Motocorp launches new super Splendor priced at Rs 57190.

Hero MotoCorp commences sales of Passion PRO & Passion XPRO.

Hero MotoCorp starts work on new plant in Andhra Pradesh.

Best launch - Two wheeler at the CNB Auto Expo Awards for Excellence 2018.

Bikesport award of the year - Times Auto Awards.

Hero MotoCorp stands as first two-wheeler manufacturer to get BS-VI certification.

Hero Motocorp Launches India'S First Bs-Vi Motorcycle.

Hero Motocorp Partners With Swarna Bharat Trust To Set-Up World-Class Training Centre In Andhra Pradesh.

Hero MotoCorp launches HF Deluxe BS-VI, price starts at Rs 55,925.

Hero MotoCorp launches Maestro Edge 125 Stealth priced at Rs 72,950.

Hero MotoCorp launches new edition of the Splendor+ Black and Accent.

Motorcycle of the year- Exhibit Auto Tech Awards 2020.

Tourer Bike of the Year(upto 250cc) - Flywheel Auto Awards 2020.

Hero MotoCorp launches new motorcycle for Nigerian market.

Hero MotoCorp launches Hero Hunk 150R in Bangladesh.

Hero MotoCorp launches all-new XPulse 200 4 Valve.

Hero MotoCorp launches new scooter Pleasure+ 'XTec'.

Hero MotoCorp partners with Gilera Motors Argentina.

Hero MotoCorp expands operations in El Salvador.

Hero MotoCorp BPCL tie up or EV charging infra.

Hero MotoCorp Partners with Nagpur Police International women's day.

Hero MotoCorp launches the new avatar of its Splendor with a starting price of INR 72,900.

Hero MotoCorp launches Passion Xtec motorcycle.

Hero MotoCorp launches brand 'Vida' for emerging mobility solutions.

Hero Motocorp inaugurated new dealership in Rajasthan.

Hero Motocorp (HMCL) said that its board has approved an investment of up to Rs 700 crore in one or more tranches, in Hero FinCorp (HFCL).

Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters, in terms of unit volumes sold by a single company in one year.

Hero MotoCorp approved an investment of up to INR 550 crore in the Rights issue of Ather Energy Private Limited.

Hero MotoCorp launches Xtreme 160R 4V premium bike at Rs 1.27 lakh onwards.