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.
Milestones
Hero's success
saga contains an element of spirit and enterprise; of achievement
through grit and determination, coupled with vision and meticulous
planning.
|
1956
|
Hero
Cycles Limited is established.
|
|
1961
|
Rockman
Cycles Industries Limited established, which is today the
largest manufacturer of bicycle chains and hubs.
|
|
1963
|
It pioneered
bicycle exports from India - a foray into the international
market.
|
|
1971
|
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.
|
|
1975
|
Hero
Cycles Limited became the largest manufacturer of bicycles
in India.
|
|
1978
|
Majestic
Auto Limited was formed and the Hero Majestic Moped was
introduced.
|
|
1981
|
Munjal
Castings established.
|
|
1984
|
Hero
Honda Motors Limited established in joint venture with Honda
Motors of Japan, to manufacture motorcycles.
|
|
1985
|
Munjal
Showa Limited established to manufacture shock absorbers
and struts and is today among the top two shock absorber
manufacturing companies in India.
|
|
1985
|
The
100 cc Hero Honda Motorcycle arrived and by 1988 was the
No. 1 among all motorcycles in India.
|
|
1986
|
Hero
Cycles Limited entered the Guinness Book of Records as the
largest bicycle manufacturer in the World.
|
|
1987
|
Hero
Motors, a division of Majestic Auto Limited set up in collaboration
with Steyr Daimler Puch of Austria.
|
|
1987
|
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.
|
|
1987
|
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.
|
|
1988
|
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.
|
|
1990
|
Hero
Cold Rolling Division established and is one of the most
modern steel cold rolling plants.
|
|
1991
|
Hero
Honda receives National Productivity Council's Award.
|
|
1991
|
Hero
Honda receives the Economic Times - Harvard Business School
Association Award against 200 contenders.
|
|
1992
|
Munjal
Showa Limited receives National Safety Award.
|
|
1993
|
Hero
Exports established as the International Trading Division
for Group and non-Group products.
|
|
1993
|
Hero
Motors becomes Indias largest exporter of two wheelers
|
|
1995
|
Hero
Corporate Services Limited as the service segment for the
Hero Group Companies, ancillaries, suppliers, dealers and
other associates.
|
|
1996
|
- Hero
Winner, a large-wheeled scooter was introduced by Hero Motors
Limited with a choice of 50 cc and 75 cc engines.
|
|
1996
|
Munjal
Showa Limited receives British Council's National Safety
Award.
|
|
1998
|
- Hero
Briggs and Stratton Auto Private Limited was set up to produce
4-stroke two-wheeler engines in various cubic capacities.
|
|
1998
|
Munjal
Auto Components established to manufacture gear shafts and
gear blanks for motorcycles.
|
|
2000
|
The
Hero Group diversifies into IT and IT enabled services through
its service segment - Hero Corporate Services Limited.
|
|
2000-2001
|
Hero
Honda emerges as the market leader in motorcycles with sales
of over a million motorcycles and a strong market share
of 47%.
|
|
2001
|
Hero
Global Design established to offer engineering services
in CAD/CAM/CAE related to New Product Development, Design,
Engineering and Manufacturing.
|
|
2002
|
Hero
Cycles ties up with National Bicycle Industries, part of
Matsushita Group to manufacture high-end bicycles.
|
|
2002
|
Fastener
World Established.
|
|
2002
|
Easy
Bill Established to offer utility bill collection &
retail services.
|
|
2003
|
Tie
up with Livebridge Inc., USA.
|
|
2004
|
Tie
up with Bombardier - Rotax GmbH for scooter engines.
|
|
2004
|
Tie
up with Aprilia Scooters, Italy.
|
|
2004
|
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%.
|
|
2004
|
Retail
Insurance business established.
|
|
2004
|
HeroITES, a division of HeroCorporate Service Limited hived
off as a division of new company Hero Management Service
Limited.
|
|
2005
|
HeroITES strengthens its relationship with ACS,USA,USD 5.0 billion market cap and Fortune 500 company.
|
|
2006
|
Hero Honda enters the scooter segment, launches 100cc "Pleasure"
|
|
2006
|
Hero Honda crosses a unit sales threshold of 3.0 million motorcycles
|
|
2006
|
Hero Group celebrates Golden Jubilee year since inception.It was commemorated by sales of over 15 million motorcycles & over 100 million bicycles.
|
|
|
