Hero Cycles
 | |
| Type | Public company |
|---|---|
| Industry | Bicycles |
| Founded | 1956 |
| Headquarters | Ludhiana |
| Key people | Om Prakash Munjal |
| Revenue |
 1650 crore (US$260 million) 2010-2011[1] |
| Subsidiaries |
Hero Motocorp (formerly Hero Honda)[2] Erik Buell Racing (49.2%, a subsidiary of Hero Motocorp) |
| Website | www.herocycles.com |
Hero Cycles Limited, based in Ludhiana Punjab, India, is a manufacturer of bicycles and bicycle related products.[3]
History
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 cycles became the largest bicycle manufacturer in India. 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 Limited entered the Guinness Books of World Records as the largest bicycle manufacturer in the world. By the year 2004, Hero Honda became the world' largest manufacturer of two-wheelers with over 48% market share in India. In year 2006, Hero Honda entered the scooter production with launch of its new model -Pleasure. in 2013 hero launched its new bicycle HERO SPRINT
See also
References
- ↑ "Hero Cycles to get into premium segment; to export to US, UK - Economic Times". Articles.economictimes.indiatimes.com. 2011-08-07. Retrieved 2011-08-10.
- ↑ en.wikipedia.org/wiki/Hero_Motocorp
- ↑ "Hero Cycles Ltd". Herocycles.com. Retrieved 2011-08-10.