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Men of Steel

The success of the Hero Group lies in the determination and foresight of the Munjal brothers, who shared their vision with their workers and led the Group to a position where its name has become synonymous with top-quality two wheelers.

The flame kindled by the Munjal brothers in 1956 with the flagship company Hero Cycles; Mr. Satyanand Munjal, Mr. Brijmohan Lall Munjal and Mr. O. P. Munjal continue to carry the torch and are actively involved in the day-to-day operations of the Hero Group.

The saga is being continued with the same zeal by the second and third generations of the family and by the large working force of the Hero Group. The spirit of enterprise which dominates the progress of the Group is characteristic of the land where it all began - the City of Ludhiana, in Punjab - home to some of lndia's finest workers and entrepreneurs.

The Hero Group is a thriving example of three generations of a family working and striving together to ensure quality, satisfaction and extensive growth.


Hero's success saga contains an element of spirit and enterprise; of achievement through grit and determination, coupled with vision and meticulous planning.


Hero Cycles Limited is established.


Rockman Cycles Industries Limited established, which is today the largest manufacturer of bicycle chains and hubs.


It pioneered bicycle exports from India - a foray into the international market.


Highway Cycles was set up to meet the demands of Hero Cycles. It is today the largest manufacturer of single speed and multi-speed freewheels.


Hero Cycles Limited became the largest manufacturer of bicycles in India.


Majestic Auto Limited was formed and the Hero Majestic Moped was introduced.


Munjal Castings established.


Hero Honda Motors Limited established in joint venture with Honda Motors of Japan, to manufacture motorcycles.


Munjal Showa Limited established to manufacture shock absorbers and struts and is today among the top two shock absorber manufacturing companies in India.


The 100 cc Hero Honda Motorcycle arrived and by 1988 was the No. 1 among all motorcycles in India.


Hero Cycles Limited entered the Guinness Book of Records as the largest bicycle manufacturer in the World.


Hero Motors, a division of Majestic Auto Limited set up in collaboration with Steyr Daimler Puch of Austria.


Gujarat Cycles Limited, now known as Munjal Auto Industries Limited was established to manufacture and export state-of-the-art bicycles and allied products in its fully automated plant at Waghodia.


Sunbeam Auto Limited, earlier a unit of Highway Cycles Limited, established as an ancillary to Hero Honda. It is the largest die casting plant in India.


Introduced "Hero Puch" from Hero Motors Limited. This revolutionary machine immediately set new records of petrol efficiency and usable power in 50 - 65 cc machines.


Hero Cold Rolling Division established and is one of the most modern steel cold rolling plants.


Hero Honda receives National Productivity Council's Award.


Hero Honda receives the Economic Times - Harvard Business School Association Award against 200 contenders.


Munjal Showa Limited receives National Safety Award.


Hero Exports established as the International Trading Division for Group and non-Group products.


Hero Motors becomes Indias largest exporter of two wheelers


Hero Corporate Services Limited as the service segment for the Hero Group Companies, ancillaries, suppliers, dealers and other associates.


- Hero Winner, a large-wheeled scooter was introduced by Hero Motors Limited with a choice of 50 cc and 75 cc engines.


Munjal Showa Limited receives British Council's National Safety Award.


- Hero Briggs and Stratton Auto Private Limited was set up to produce 4-stroke two-wheeler engines in various cubic capacities.


Munjal Auto Components established to manufacture gear shafts and gear blanks for motorcycles.


The Hero Group diversifies into IT and IT enabled services through its service segment - Hero Corporate Services Limited.


Hero Honda emerges as the market leader in motorcycles with sales of over a million motorcycles and a strong market share of 47%.


Hero Global Design established to offer engineering services in CAD/CAM/CAE related to New Product Development, Design, Engineering and Manufacturing.


Hero Cycles ties up with National Bicycle Industries, part of Matsushita Group to manufacture high-end bicycles.


Fastener World Established.


Easy Bill Established to offer utility bill collection & retail services.


Tie up with Livebridge Inc., USA.


Tie up with Bombardier - Rotax GmbH for scooter engines.


Tie up with Aprilia Scooters, Italy.


Hero Honda continues as the World's largest manufacturer of two-wheelers with annual sales volume of 2.07 million motorcycles and a market share of 48%.


Retail Insurance business established.


HeroITES, a division of HeroCorporate Service Limited hived off as a division of new company Hero Management Service Limited.


HeroITES strengthens its relationship with ACS,USA,USD 5.0 billion market cap and Fortune 500 company.


Hero Honda enters the scooter segment, launches 100cc "Pleasure"


Hero Honda crosses a unit sales threshold of 3.0 million motorcycles


Hero Group celebrates Golden Jubilee year since inception.It was commemorated by sales of over 15 million motorcycles & over 100 million bicycles.

Today, Hero Group comprises of 20 companies, 300 ancillary suppliers, deep market penetration with over 5,000 outlets, 23,000 + employee and has a turnover of US$ 3.20 billion (FY 2006).