Hero Cycles

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Hero Cycles Limited
Public company
Industry Bicycles
Founded 1956
Headquarters Ludhiana, Punjab, India
Key people
Om Prakash Munjal
Products Bicycles
Revenue 1650 crore (US$260 million) 2010-2011[1]
Subsidiaries Hero Motocorp, Erik Buell Racing (49.2%, a subsidiary of Hero Motocorp)
Slogan Cycle of Life
Website www.herocycles.com
Head badge of Hero Cycle
Hero Bicycle at Bhadrachalam

Hero Cycles Limited, based in Ludhiana Punjab, India, is a manufacturer of bicycles and bicycle related products.[2]

History[edit]

Hero group was established by the four Munjal brothers, namely, Brijmohan Lall Munjal, Satyanand Munjal, Om Prakash Munjal and Late Dayanand Munjal.

  • The brothers hailed from a small town called Kamalia, now in Pakistan.
  • The brothers established a business of bicycle spare parts in the year 1944 in Amritsar.
  • After partition and independence of India, the brothers moved to Ludhiana and started a bicycle unit called Hero Cycles in 1956.
  • By 1975, Hero became the largest manufacturer of bicycles in India with a production of 7500 cycles per day.
  • In 1984, Hero group joined Honda Motors of Japan to create Hero Honda Motors Limited which soon became one of the market leader in motor-cycle sales in India.
  • In 1986, Hero Cycles produces over 18,500 cycles a day, the highest in global reckoning. With the 48% share of the Indian market, this volume has catapulted Hero in the Guinness Book of World Records as the largest bicycle manufacturer in the world.
  • By 2004, Hero Honda became the world's largest manufacturer of two-wheelers with over 48% market share in India.
  • In August 2011, Hero and Honda parted company, thus forming Hero MotoCorp and Honda moving out of the Hero Honda joint venture.
  • In 2012, Hero crossed the figure of 13 Crore Cycles.

See also[edit]

References[edit]

  1. ^ "Hero Cycles to get into premium segment; to export to US, UK - Economic Times". Articles.economictimes.indiatimes.com. 7 August 2011. Retrieved 10 August 2011. 
  2. ^ "Hero Cycles Ltd". Herocycles.com. Retrieved 10 August 2011. 

External links[edit]