The
Group :
The spirit to manufacture outstanding products at affordable prices and
to manage the perfect balance of fine quality and engineering satisfaction
is the Hero Group philosophy that drives the wheels of progress for the
Group and its Companies.
The Hero Group started out in 1956 as a small bicycle-component manufacturing
unit and today ranks amongst the top business houses in India with its
age long experience in project execution and a well-founded commitment
to serve the community and foster customer satisfaction. The Hero Group,
a conglomerate of 15 companies, has 45 years of manufacturing history
and is today a US $ 1.3 Billion Group.
Prime
Hero Group companies are:
Hero
Honda Motors Limited,
a joint venture with Honda Motors of Japan and the largest manufacturer
of motorcycles in the country with a market share of 43% and a sale of
1million motorcycles in the year 2000-2001.
Hero Cycles, the largest bicycle manufacturer
in the world with over 40 million bicycles sold in the last decade.
Munjal Showa, manufacturing shock absorbers
in collaboration with Showa of Japan.
Majestic Auto Limited and Hero
Puch, manufacturing mopeds and scooters.
The Group has Market capitalisation of over $1288 million for listed companies and deep market penetration with a dealer network of over 4,000 and workforce of over 20,000 employees. Most of the Hero Group Companies are ISO or QS certified.
Recognized and respected as amongst India's best in the automotive manufacturing sector, the Hero Group has joint ventures, alliances and technical collaborations with renowned international companies. The Hero Group's management style has been internationally acclaimed by leading institutions like, INSEAD, France, London Business School, UK, World Bank, BBC, UK. The Hero Group is known for offering innovative quality products at prices that makes economics work for the ordinary man. Constant technology upgradation ensures that the Group stays in the global mainstream and maintains its competitive edge.