![]() ![]() Vikram Kasbekar, Director and Head of Operations Dr Markus Braunsperger, Chief Technology Officer Mr Ravi Sud, Senior Vice-President & Chief Financial Officer. ![]() The company is presently headed by Pawan Munjal, Chairman, Managing Director & CEO. The joint venture with Honda helped them become the largest two-wheeler manufacturer in the world. They grew by setting up dealer networks through family members and associates. By 1975, they became the largest bi-cycle manufacturers in India. He and his family relocated to Ludhiana and set up their first venture called Hero Cycles which made bicycles. Brijmohan Lall Munjal,(1923-2015) was born in Kamalia (now part of Pakistan). Honda also refused to merge the Joint venture firms' spare parts business with Hero Motorcycle and Scooters India Ltd. Differences of opinion started a few years before the split due to Honda’s refusal to provide technology free despite a 10-year tie-up that was to end only by 2014. ![]() Hero Group agreed to buy the 26% stake of Honda. The termination process was to be executed in a phased manner. The decision comes after 18 months of its split from Honda Motors.In 2010, the Director Board of Hero Honda decided to terminate the agreement with Honda Motors following differences of opinion. In June 2012, Hero Motocorp approved a proposal to merge the investment arm of its parent Hero Investment Pvt. Subsequently, in August 2011 the company was renamed Hero MotoCorp with a new corporate identity. In 2010, when Honda decided to move out of the joint venture, Hero Group bought the shares held by Honda. Hero Honda started in 1984 as a joint venture between Hero Cycles of India and Honda of Japan. On 31 March 2013, the market capitalization of the company was INR 308 billion (USD 5.66 billion). The 2006 Forbes 200 Most Respected companies list has Hero Honda Motors ranked at #108. In India, it has a market share of about 46% share in the 2-wheeler category. The company is the largest two-wheeler manufacturer in the world. Hero Motocorp Ltd., formerly Hero Honda, is an Indian motorcycle and scooter manufacturer based in New Delhi, India. ![]() Customer Satisfaction Towards Hero Motocorp In Pilibhit After SeparationĬustomer Satisfaction Towards Hero Motocorp In Pilibhit After Separation. ![]()
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