MILESTONES
- Starts Manufacturing
- Key components of
- bicycles and assembling the entire cycle
- at ludhiana
- manufacturing plant
- New premises
- of Hero Cycles inaugurated
- Manufacturing 7500 cycles a day,
- Hero Cycles becomes the largest manufacturers of bicycles in India
- With 48% market share,
- the company receives
- Guinness Book of World Records
- for manufacturing
- 18,500 cycles per day.
- Hero crosses a milestone by
- crossing 5 Crore cycles.
- Hero recognized as a super
- brand by Superbrand, UK .
- Another milestone achieved
- by crossing the figure of
- 10 Crore cycles.
- Incorporation of Munjal Kiriu –
- a joint venture between Hero
- Motors and Kiriu Corporation.
- Incorporation of ZF Chassis Systems –
- a joint venture between Hero Motors
- Ltd and ZF Hero Chasis Systems Pvt. Ltd.
- Hero Cycles crosses
- 130 Million Cycles.
- Launched Urban Trail,
- a lightweight and high performance
- lifestyle bicycle brand with 17 models
- General Motors Suppliers
- Quality Excellence Award
- presented to Munjal Kiriu
- Acquired Firefox Bikes,
- premium lifestyle bicycle
- segment in India
- ZF inaugurated a
- new plant in Chennai
- Launch of Hero Avenue Outlets
- to enhance customer experience
- First overseas acquisition of Avocet –
- Hero Cycles enters European market
- Acquired Sri Lankan bicycle
- manufacturers BSH ventures
- to strengthen global presence and enhance
- its manufacturing proficiency
GROUP COMPANIES
