Hero MotoCorp Aims to be the Market Leader

According to its annual report for 2021-22, Hero MotoCorp, the country's largest two-wheeler manufacturer, is aiming for global leadership in the electric two-wheeler segment. The company, which currently leads the traditional two-wheeler segment in terms of volume, plans to enter the electric segment during the upcoming holiday season.

Last year, Hero MotoCorp passed the 100 million cumulative production mark since its inception in 1984. The company reached its first million cumulative production milestone in 1994, then 50 million units in 2013, and 75 million units in 2017.

"This year will see Hero MotoCorp claim its position in the exciting clean mobility space in a bold avatar. Hero MotoCorp will transform its leadership in the internal combustion engine (ICE) market into the electric vehicle space - globally!" the company Chairman and CEO Pawan Munjal informed shareholders. He noted that the company is prepared for the next decade.
"As we have our eyes on the production of the next 100 million by the end of 2030, we are taking strides towards sustainability and electrification with a single-minded determination to Be the Future of Mobility," Munjal said.
He further stated: "All I can promise is that, while the first 100 million was achieved with the production of motorcycles and scooters, the next 100 would certainly be an all-new, innovative and greener body form."