TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the top ten in the world, with annual turnover of more than USD 1.4 billion in 2011-2012, and is the flagship company of the, USD 7.29 billion, TVS Group.

The business ranges across automobile component manufacturing, components distribution, manufacturing of powered two-wheelers, computer peripherals, financial services, contract manufacturing services and software development.

TVS Motor Company Ltd (TVS Motor), member of the TVS group, is the largest company of the group in terms of size and turnover.

A Vehicle for Everyone

TVS Motor currently manufactures a wide range of two-wheelers. Take your pick from mopeds to racing inspired motorcycles. Motorcycles (Apache Series RTR, Phoenix 125, MAX4R, StaRcity Plus, Sport) Scooters (Jupiter, Wego, Scooty Streak, Scooty Pep +) Mopeds (TVS XL Super, TVS XL Heavy Duty)

Manufacturing Locations

The company has four manufacturing plants, three located in India (Hosur, Tamil Nadu and Mysore, Karnataka and Nalagarh, Himachal Pradesh) and one in Indonesia (Karawang).  Innovation at the HelmTVS Motor's strength lies in design and development of new products. We at TVS deliver total customer satisfaction by anticipating customer need and presenting quality vehicles at the right time and at the right price. The customer and his ever changing need is our continuous source of inspiration. We have proved time and again that this sense of responsiveness along with a penchant for quality is a winning formula. The company has many firsts to its credit including the fact that we launched seven vehicles on the same day - a rare feat in Automotive history.    Inspiring Millions of Smiles

TVS has always stood for innovative, easy-to-handle, and environment-friendly products, backed by reliable customer service.

More than 24 million* customers have bought a TVS product to date. Innovative, easy to handle, environment-friendly and backed by reliable customer service, TVS products give you only reasons to smile!

* As of 31 October, 2013, the total number of TVS two-wheelers sold stand atDomestic: 23,189,532 (231.9Lakhs)Exports: 1,644,277 (16.4Lakhs)  

TVS Motor Company - Mission

We are committed to being a highly profitable, socially responsible, and leading manufacturer of high value for money, environmentally friendly, lifetime personal transportation products under the TVS brand, for customers predominantly in Asian markets and to provide fulfilment and prosperity for employees, dealers and suppliers.

Vision Statement

Driven by the customer

TVS Motor will be responsive to customer requirements consonant with its core competence and profitability. TVS Motor will provide total customer satisfaction by giving the customer the right product, at the right price, at the right time.

The Industry Leader

TVS Motor will be one among the top two two-wheeler manufacturers in India and one among the top five two-wheeler manufacturers in Asia.

Global overview

TVS Motor will have profitable operations overseas especially in Asian markets, capitalizing on the expertise developed in the areas of manufacturing, technology and marketing. The thrust will be to achieve a significant share for international business in the total turnover.

At the cutting edge

TVS Motor will hone and sustain its cutting edge of technology by constant

benchmarking against international leaders.

Committed to Total Quality

TVS Motor is committed to achieving a self-reviewing organization in perpetuity by adopting TQM as a way of life. TVS Motor believes in the importance of the process. People and projects will be evaluated both by their end results and the process adopted.

The Human Factor

TVS Motor believes that people make an organization and that its well-being is dependent on the commitment and growth of its people. There will be a sustained effort through systematic training and planning career growth to develop employees talents and enhance job satisfaction. TVS Motor will create an enabling ambience where the maximum self-actualisation of every employee is achieved. TVS Motor will support and encourage the process of self-renewal in all its employees and nurture their sense of self worth.

Responsible Corporate Citizen

TVS Motor firmly believes in the integration of Safety, Health and Environmental aspects with all business activities and ensure protection of employees and environment including development of surrounding communities. TVS Motor strives for long-term relationships of mutual trust and interdependence with its customers, employees, dealers and suppliers. 

 

A Century of Quality & TrustThe TVS group, right from its inception, believed in its destiny of growth, success and longevity. The method and integrity of conducting business is what sets TVS apart from the rest.

The company was born in 1911, thanks to the ambitious dreams of the founding father, T V Sundaram lyengar, who refused to settle managing smaller businesses like bus fleet operations or vehicle servicing. He wanted to build a business that would create a family of like-minded individuals pursuing only the best in quality and standards. And he made his dreams a reality.

The success of the TVS group is rooted in their founder's personal belief system - commitment to the values of trust and customer service. In fact, although the company is named after the founder, the letters TVS have always stood for Trust, Value, and Service within the company.

This remains the guiding, overarching philosophy by which the group functions. It was only natural that success and market leadership followed. Today, the TVS group is one of India's leading suppliers of automotive components, with a work force of 40,000 people across 30 companies with an annual turnover of USD 7.29 billion. The first four companies in India to have won the coveted Deming Prize are from the TVS group.

 

Driven by the Five Pillars of TQM

The management philosophy is based on five pillars of TQM (Total Quality

Management) - Management Commitment, Customer Focus, Quality Costs, Quality Systems and Continuous Improvement - which rests on the foundation of Total Employee Involvement Program, Daily Management and Kaizen.

The Total Employee Involvement Program:

The Total Employee Involvement program ensures that responsibility for the company's performance is the shared responsibility of employees at all levels. It provides the employees with the opportunity to be involved in breakthrough activities and other improvements, over and above their daily routine.

Daily work management:

Daily work management consists of defining and monitoring key processes, ensuring that they meet set targets, detecting abnormalities and preventing their recurrence. TVS Motor encourages continuous improvement in all aspects of work, using Cross Functional Teams (CFT), Supervisory Improvement Teams (SIT) Quality Control Circles (QCC) and suggestion schemes

What about Kaizen?

The five pillars start with policy management, which is used to arrive at the annual breakthrough objectives. There are generally not more than three company objectives, arrived at after a detailed exercise, which are deployed and reviewed periodically.

The company conducts an exhaustive range of training programs, utilising both in-house skills and consultants from all over the world. The programs are conducted for all employees, at all levels.

Team TVS Racing

In the highly competitive automobile industry in India, team TVS Racing has emerged as the undisputed two-wheeler leader. TVS Motor Company is strongly committed to Motor Racing, in India and has been responsible for growing interest and enthusiasm for the sport in this country.

The beginning of racing at TVS

It all began way back in 1984 when Sundaram Clayton Limited (A TVS Group company) introduced its 50 CC mopeds in the arena of

   

road racing, notching up unbelievable speeds of 105 kmph. Since then, there has been no looking back for TVS Motor Company. TVS Racing was established in 1987 with the objective of improving the performance of its bikes. Over the years it has provided valuable data, design inputs, development of reliable motorcycle models, excellent vehicle dynamics & handling etc. The true evidence of it is seen in today�s TVS Apache and Star.  The Evolution of Racing at TVS

The next significant stride TVS Racing took was in 1986-87 when TVS introduced 100 cc AX 100 model Motorcycles into road racing. These bikes during its time were undisputed in the Indian soil as it had power up to 16 bhp as against a mere 7-8 bhp in commercial bikes.

In the year 1989, TVS Racing for the first time actively participated in off road racing events such as Motocross, Dirt Tracks, Rally etc. This was a logical decision by TVS Racing especially since they wanted to showcase their technical prowess to the public across the country. This was also the time when off track racing events started gaining its popularity in India.

TVS Racing put their own bikes including imported Suzuki machines to rigorous test by participating in all major motocross and rally events and thereby gaining experience to take home as feedback. In 1991 TVS developed their first Motocross bike fitted with an indigenous engine to participate in the Expert Class Group B bike category, which is more popularly known as Shogun. The Shogun Engine was modified to participate in other classes of race and since then there has been no looking back for TVS Racing. This bike went on to become the undisputed winner for over 10 years by winning all the races in its class.

1995-96 saw the introduction of two more Suzuki bikes by TVS Racing and this enhanced its competency levels by a series of winning streaks at the Championship level. The year 2000 saw the introduction of higher classes of races including up to 250 cc categories. Since this introduction, TVS racing has emerged victorious in all classes and has kept the National Championship ever since. Today, under the upto 180 cc bike class category, TVS Fiero has taken a dominant position in the Fours Stroke Category in all recent National Motocross Championships.

With high involvement in motocross TVS Racing has extracted a major advantage from this sport by using the racetrack as a testing opportunity for their motorcycles. Testing of these motorcycles on different terrain and varying temperatures has helped the company to test and develop its motorcycles much faster than if the motorcycles were tested on the street, giving the technical department valuable feedback and data to help improve on standards.  It has to its credit an astonishing over 90% success rate in all leading racing events in the country since 1987. Some of the major successes of the team have been

   Win in Raid De Himalaya Rally 1999National Road Racing Championship - won continuously from 1995 to 2001MRF National Motocross Championship - have won in all leading classes for last 4 yearsGulf Dirt Track 2002 won in foreign open class and 2003 won in Indian modified classOver 90 per cent victory in 270 races participated so far.

 International TriumphsPerhaps the biggest triumph for TVS Racing was its participation in 5 prestigious International events last year of which they emerged champions in two of them; Lake Cross 2003 and 2004 and Fox Hill Super Cross 2003 and 2004 held in Sri Lanka. The year 2003 saw TVS�s ace rider C. Vijaykumar emerge victorious and 2004 had Syed Rehman of TVS Racing winning against leading Sri Lankan racers in Honda and Kawasaki bikes. In addition TVS rider C. Vijaykumar has earned the distinction of being the sole representative of India in the Asian

Championships.  What is Motocross all about Internationally Motocross is an outdoor dirt bike competition using long courses over natural terrain with some manmade jumps. It is seen as a family sport with parents assisting their young children teaching them the basics. Motocross involves racing in what are called Motos. More popular variants of Motocross include Supercross and Arenacross, which cater to professional racers, larger audiences, TV, and endorsements conducted inside a stadium. In India, Supercross is construed as motocross and vice versa as it has been the practice since the beginning.

The popularity of the sport can be dated back before World War II in some parts of Europe and due to the war the flurry of enthusiasm came to a standstill. After the World War II the sport gained more popularity but speed, nimbleness and durability was lacking in the machines. It was in the 1960�s that saw its popularity spreading across the globe especially in the US where new dimensions to daredevil riding and mechanics were added. Motocross in India In India Motocross is practiced as a dirt bike competition using relatively short courses inside stadiums with mostly manmade jumps. Clubs with licenses in motorsports usually organize these shows in tie up with large organisations. Audiences are larger and professional racers promoted by two wheeler companies participate in racing. Earlier small clubs practiced the sport with participations from local and privateers as corporate participation was not available. TVS Motor Company was the first two wheeler company to involve in Motorsport in India in a big way by way of both participation as well as sponsorship. The sport received a major boost in the country with professional riders and efficient motorcycles being available for competition. As a corporate entry TVS M enjoyed dominance in both on road and off road races of two wheelers in India for over a decade. It was in the late 90�s that Yamaha joined the bandwagon to compete with TVS M.

Apart from Motocross / Supercross there are also Dirt track race, drag race, hill climb, rally etc. Dirt Track racing is conducted on flat dirt surface. There are no jumps in dirt track however, it has bends and curves. Drag race is a straight stretch of road and usually winners are judged on the basis of timings achieved for a particular distance. Hill climbs tracks are very rare in India and two wheeler rallies are rare compared to motocross events in India.

As on today TVS M and Yamaha are the only two companies that participate in this sport in India with professional racers. Few individuals and local racers too participate in races held locally. The organizers normally hold local class races to

encourage local participation. In terms of sponsorship MRF spends the most with the title of national motocross championship credited to them. The national dirt track championship title is credited to Gulf Oil. Other leading sponsors include, Kalyani Brakes, Indian Oil Corporation, BPCL, Gulf Oil, TVS Motor Company and Yamaha.TVS M is the only company that views the sport as a direct arm of their R&D. Yamaha Racing in India is being promoted by a Bangalore based dealer with support from Yamaha Singapore. The Indian arm of Yamaha�s involvement is very minimal. Yamaha too have a professional racetrack just outside Bangalore city for their racers to practice. In the recent past Yamaha�s involvement in the sport has been increasing with more support pouring in from Singapore.  Controlling body of Motocross Events In India A Central body called The Federation of Motor Sports Club of India (FMSCI) controls motor Sports in India. While the actual sports events are organised by various clubs in the Country, the guidelines, technical regulations and common organising conditions are formulated, co-ordinated and implemented by the Federation. They work under the aegis of Asian Motorcycle Union (UAM) and Federation Internationale de Motocycliste (FIM).  InternationalThe Asian Motorcycling Union (UAM) was formed in 1998 as the governing body for all motorcycle sports in Asia. The mandate to promote and develop motorsports in this region is given to this body that comprises 18 member countries including Malaysia, Macau, Iran, People�s Republic of China, Taiwan, India, Thailand, Hong Kong, Korea, Kuwait, Indonesia, Mongolia, Japan, the Philippines, Singapore, Sri Langka, Qatar, and the United Arab Emirates. The Federation Internationale Motocycliste (FIM), Switzerland, grants the sporting powers to UAM.  Leading organizers and Championship in India MRF National Motocross Championship - This championship is by far the most prestigious of all two-wheeler races in India. It was first started in 2000 and is organized by Sportstrek, headed by Mr. Shyam Khotari. Mr. Khotari has behind him years of experience in racing and conducting these races. He was a key racer for TVS Motor Company in the past and has won a lot of accolades for the company. In all the years TVS racing team has been dominating the races in most of the 6 championship classes. Gulf Dirt Track Challenge - This National event started in 2002 and in the last two years both TVS and Yamaha have shared honours in the two championship events. This event is organized by Sportscraft headed by Shrikant Karani, a veteran motorsports enthusiast.

In addition there are many other motocross events that are conducted by lesser known clubs and organizations in various towns. These events have always attracted a sizeable crowd ranging from 15,000 to 20,000 spectators.  

TVS Racing has brought into motor racing the professional team concept. It is headed by Mr. Arvind Pangaonkar, General Manager, Research and Development, TVS Motor Company Limited. He has a 12-member team comprising Engineers to Post Graduates who provide technical support to the motorbikes and seven of these professionals travel with the racers during competitions. It is no surprise then that TEAM TVS Racing is today viewed as the numero uno of motor racing in India.

TVS Racing has been instrumental in churning out the country's best racers ever C. Vijaykumar, a 21-year-old lad from Bangalore, is a prime example of this. TVS spotted his talent two years ago in a TVS Motocross School organized in Bangalore. He was just a novice and when TVS put him through a training process and groomed him to take on the Motocross challenges and today he has become the best racer the country has ever produced. TVS believes in identifying these talents and grooming them at an early age thus making them compete in events where their real grit and talent is put to test. These racers are given state of the art training to enable them to gear up to face International competition. Presently TVS Racing team comprises 9 professional riders with most of them being ace riders in the country in various classes.  International Trainers For TVS TVS Racing team members have used the services of two renowned international trainers in the past. They have proved very constructive to TVS Riders and have enabled them to increase their riding skills. TVS Riders have

practiced at international race tracks recommended by the trainers in Australia, Italy and Philippines.

GLENN AGUILAR, lead rider of the Caltex Revtex-KTM motocross team, has achieved what no one in the Philippines has ever achieved. Glenn has been winning the rider of the year, for Pro 125 CC category of the National Motocross Super Series for 7 years. Glenn formed his racing team in 1999, with Bebet dela Cruz, his second stringer who is now number five in the rankings. They are supported by Caltex for sponsorship to enable them to churn out the best talent. It turned out that their team produced good racers under Glenn's leadership and put Caltex into the motocross circuit in the region in a big way.

PAUL BROOMFIELD, 28-year-old Australian is a professional racer is presently part of Kawasaki racing team in Australia. His experience as a rider dates him back to Suzuki, Yamaha and Kawasaki racing teams and has earned him a slot as professionally ranked riders competing on the Australian pro motocross circuit. He turned professional in 1998 and in 2003 achieved Supercross Pro Open 9th / Motocross Pro Open 4th / Thumper Nats Pro Open 7th place. His aim is to earn a podium position in the supercross national series 2004.

He was credited with being level 2 riding coach of the Yamaha Academy of Off-Road Riding instructors. He was also engaged by them to contest in the prestigious SX national series as well.  Profile of the Team Members C S Santhosh View ProfileKaran Gowtham Kadam View ProfileVijaykumar Rise to fame 

TVS Motor CompanyFrom Wikipedia, the free encyclopedia

TVS Motor Company Limited ()

Type Public

Traded   as BSE: 532343, NSE: TVSMOTOR

Industry Automotive

Predecessors India Motor Cycles Limited

Founded 1978

Founders Sundaram

Headquarters Chennai, India

Number of locations

3 two wheeler and 1 three wheeler plants

Key peopleVenu Srinivasan(Chairman & MD)

ProductsMotorcycles, scooters, three-wheeler vehicles and spare parts

Revenue70.89 billion (US$1.1 billion)

(2013) [1]

Profit2.54 billion (US$41 million)

(2013) [2]

Total assets10.48 billion

(US$170 million) (2013) [3]

Parent Sundaram - Clayton Limited

Website www.tvsmotor.in

TVS Motor Company Limited, which is part of TVS Group, manufactures motorcycles, scooters, mopeds and auto rickshaws in India.[4]

Contents

1 History 2 Awards 3 References 4 External links

History

TVS was established by T. V. Sundaram Iyengar. He began with Madurai's first bus service in 1911 and founded T.V.Sundaram Iyengar and Sons Limited, a company that consolidated its presence in the transportation business with a large fleet of trucks and buses under the name of Southern Roadways Limited.[5] When he died in 1955 his sons took the company ahead with several forays in the automobile sector, including finance, insurance, manufacture of two-

wheelers, tyres and components. The group has managed to run 33 companies that account for a combined turnover of nearly $3 billion.

Early years

Sundaram Clayton, then the flagship company, was founded in 1962 in collaboration with Clayton Dewandre Holdings, United Kingdom. It manufactured brakes, exhausts, compressors and various other automotive parts. The company set up a plant at Hosur in 1978 to manufacture mopeds as part of a new division.[6] A technical collaboration with the Japanese auto giant resulted in the joint-venture Ind Suzuki Limited in 1982 between Sundaram Clayton Ltd and Suzuki Motor Corporation. Commercial production of motorcycles began in 1984.

Suzuki relationship

TVS and Suzuki shared a 19 year long relationship that was aimed at technology transfer to enable design and manufacture of two-wheelers specifically for the Indian market. Rechristened TVS-Suzuki, the company brought out several models such as the Suzuki Samurai, Suzuki Shogun and Suzuki Fiero. Differences in opinion on how to run the join venture eventually led to the partners going their separate ways in 2001 with the company being renamed TVS Motor, relinquishing rights to use the Suzuki name. There was also a 30 month moratorium period during which Suzuki promised not to enter the Indian market with competing two-wheelers.[7] The company also got over a period of labour unrest that required Chairman Venu Srinivasan to take tough measures to resurrect a company that was in a state of turmoil. He would go on to invest in new technology, nurture in-house design, and implement Toyota-style quality programs.[8]

Recent

TVS also competes in the tuk-tuk segment

Over the years TVS Motor has grown to be the largest in the group, both in terms of size and turnover, with four state of the art [9] manufacturing plants in Hosur, Mysore and Nalagarh in India and Karawang in Indonesia. TVS Motor is credited with many innovations in the Indian automobile industry, notable among them being the introduction of India's first two-seater moped, the TVS 50cc. The company became the leader in its category of sub 100 cc mopeds, having sold 7 million units. It also introduced the TVS Scooty, which is India's second largest brand in the scooterette segment.[10] The TVS Jive launched in November 2009 became India's

first clutch-free motorbike aimed at a stress-free rider experience[11] while the unisex scooter TVS Wego is targeted at urban couples, featuring body-balance technology for easier handling.[12] On 1 June 2012, TVS Motors reported a dip of 5% in its total sales for May 2012.[13] In July 2012, TVS Motors and BMW Motorrad were reported to be in talks for technology sharing.[14] 0n 8 April 2013, BMW Motorrad and TVS Motor Company signed a cooperation agreement with the aim to develop and produce motorcycles in the segment below 500cc.[15]

In July 2013, TVS Motor announced plans to construct a motorcycle assembly plant in Uganda and to introduce two new models suited to the East African environment. The new plant is expected to become operational in 2014.[16]

Awards

TVS Motor won the Deming Application Prize in 2002[citation needed]

The same year, the work done for the TVS Victor motorcycle won TVS Motor the National Award for successful commercialization of indigenous technology from the Technology Development Board, Ministry of Science & Technology, Government of India.[17] In 2004, TVS Scooty Pep won the 'Outstanding Design Excellence Award' from BusinessWorld magazine and the National Institute of Design, Ahmedabad.[18] The effective implementation of Total Productivity Maintenance practices won TVS Motor the TPM Excellence Award given by the Japan Institute of Plant Maintenance in 2008.

TVS Motor has won several management awards, notable among them being the Emerging Corporate Giant in the Private Sector awarded by The Economic Times and the Harvard Business School Association of India. Business Today magazine awarded TVS Motor the Best Managed Company and the Most Investor Friendly Company awards. Its advertising practices won it the Good Advertising award by Auto India Best Brand Awards 2009.[19] Company Chairman Venu Srinivasan is a recipient of several awards for corporate excellence such as the Star of Asia Award by Bloomberg BusinessWeek [8] and the JRD Tata Corporate Leadership Award.[20] The University of Warwick, United Kingdom gave him an honorary Doctorate of Science degree[21] while the Government of India honoured him with the Padma Shri, one of India's highest civilian distinctions.[22]

Innovative implementation of Information Technology has won TVS Motor the Ace Award for Most Innovative NetWeaver Implementation in 2007 awarded by technology major SAP AG [23] and the Team Tech 2007 Award of Excellence for Integrated use of Computer-aided engineering Technologies.[24]

Hero MotoCorp

From Wikipedia, the free encyclopedia

Hero Motocorp Ltd

"Hum Main Hai Hero"

Type Public company

Traded as BSE: 500182NSE: HEROMOTOCOBSE SENSEX Constituent

Industry Automotive

Predecessors Hero Honda Motors Ltd.

Founded 19 January 1982

Headquarters New Delhi, India

Area served India, Sri Lanka

Key peopleDr. Brijmohan Lall Munjal (Chairman)Pawan Munjal (MD & CEO)[1]

Products Motorcycles, Scooters

Revenue241.66 billion

(US$3.9 billion) (2013)[2]

Operating income

33.22 billion (US$540 million) (2013)[3]

Net income21.18 billion

(US$340 million) (2013)[2]

Total assets53.08 billion

(US$860 million) (2013)

Employees 5,842[2]

Parent Hero Group

Subsidiaries Erik Buell Racing(49.2%)

Website www.heromotocorp.com

Hero Motocorp Ltd., formerly Hero Honda, is an Indian motorcycle and scooter manufacturer based in New Delhi, India. The company is the largest two wheeler manufacturer in the world.[2] In India, it has a market share of about 46% share in 2-wheeler category.[2][4] The 2006 Forbes 200 Most Respected companies list has Hero Honda Motors ranked at #108.[5] On 31 March 2013, the market capitalisation of the company was INR 308 billion (USD 5.66 billion).[6]

Hero Honda started in 1984 as a joint venture between Hero Cycles of India and Honda of Japan.[7] In 2010, when Honda decided to move out of the joint venture, Hero Group bought the shares held by Honda.[8][9] Subsequently, in August 2011 the company was renamed Hero MotoCorp with a new corporate identity.[10]

In June 2012, Hero Motocorp approved a proposal to merge the investment arm of its parent Hero Investment Pvt. Ltd. into the automaker. The decision comes after 18 months of its split from Honda Motors.[11]

Contents

1 History o 1.1 Termination of Honda joint venture o 1.2 Sports Association o 1.3 Formation of Hero MotoCorp o 1.4 49% stake in Erik Buell Racing

2 Operations 3 Motorcycles

o 3.1 Scooters 4 Company performance 5 Listings and shareholding 6 Employees 7 Awards and recognition 8 Initiatives 9 See also 10 References 11 External links

History

"Hero" is the brand name used by the Munjal brothers for their flagship company, Hero Cycles Ltd. A joint venture between the Hero Group and Honda Motor Company was established in

1984 as the Hero Honda Motors Limited at Dharuhera, India. Munjal family and Honda group both owned 26% stake in the Company.

During the 1980s, the company introduced motorcycles that were popular in India for their fuel economy and low cost. A popular advertising campaign based on the slogan 'Fill it – Shut it – Forget it' that emphasised the motorcycle's fuel efficiency helped the company grow at a double-digit pace since inception. In 2001, the company became the largest two-wheeler manufacturing company in India and globally.[2] It maintains global industry leadership till date.[2] The technology in the bikes of Hero Motocorp (earlier Hero Honda) for almost 26 years (1984–2010) has come from the Japanese counterpart Honda.[12]

1956—Formation of Hero Cycles in Ludhiana(majestic auto limited) 1975—Hero Cycles becomes largest bicycle manufacturer in India. 1983—Joint Collaboration Agreement with Honda Motor Co. Ltd. Japan signed Shareholders

Agreement signed 1984—Hero Honda Motors Ltd. incorporated 1985—Hero Honda motorcycle CD 100 launched. 1989—Hero Honda motorcycle Sleek launched. 1991—Hero Honda motorcycle CD 100 SS launched. 1994 – Hero Honda motorcycle Splendor launched. 1997—Hero Honda motorcycle Street launched. 1999 – Hero Honda motorcycle CBZ launched. 2001 – Hero Honda motorcycle Passion and Hero Honda Joy launched. 2002—Hero Honda motorcycle Dawn and Hero Honda motorcycle Ambition launched. 2003—Hero Honda motorcycle CD Dawn, Hero Honda motorcycle Splendor plus, Hero Honda

motorcycle Passion Plus and Hero Honda motorcycle Karizma launched. 2004—Hero Honda motorcycle Ambition 135 and Hero Honda motorcycle CBZ Star launched. 2005—Hero Motocorp SuperSplendor, Hero Honda motorcycle CD Deluxe, Hero Honda

motorcycle Glamour, Hero Honda motorcycle Achiever and Hero Honda Scooter Pleasure. 2007—New Models of Hero Honda motorcycle Splendor NXG, New Models of Hero Honda

motorcycle CD Deluxe, New Models of Hero Honda motorcycle Passion Plus and Hero Honda motorcycle Hunk launched.

2008—New Models of Hero Honda motorcycles Pleasure, CBZ Xtreme, Glamour, Glamour Fi and Hero Honda motorcycle Passion Pro launched.

2009—New Models of Hero Honda motorcycle Karizma:Karizma – ZMR and limited edition of Hero Honda motorcycle Hunk launched

2010—New Models of Hero Honda motorcycle Splendor Pro and New Hero Honda motorcycle Hunk and New Hero Honda Motorcycle Super Splendor launched.

2011—New Models of Hero Honda motorcycles Glamour, Glamour FI, CBZ Xtreme, Karizma launched. New licensing arrangement signed between Hero and Honda. In August Hero and Honda parted company, thus forming Hero MotoCorp and Honda moving out of the Hero Honda joint venture. In November, Hero launched its first ever Off Road Bike Named Hero "Impulse".

2012-New Models of Hero Motocorp Maestro the Musculine scooter and Ignitor the young generation bike are launched.

2013-Hero MotoCorp unveiled line-up of 15 updated products including Karizma R, ZMR, Xtreme, Pleasure, Splendor Pro, Splendor iSmart, HF Deluxe ECO, Hero Motocorp SuperSplendor, Passion Pro and Xpro, Glamour and Glamour FI etc. It also introduced three new

technologies- Engine Immobilizer in new Xtreme, Integrated Braking System (IBS) in new Pleasure and i3S (Idle Stop and Start System) in new Splendor iSmart[13]

2014-Hero MotoCorp Launched Splendor Pro Classic, Xtreme Sports and new models of Karizma ZMR, Karizma R, Maestro and Pleasure.

Termination of Honda joint venture

In December 2010, the board of directors of the Hero Honda Group had decided to terminate the joint venture between Hero Group of India and Honda of Japan in a phased manner. The Hero Group would buy out the 26% stake of the Honda in JV Hero Honda.[14]

Logo of Hero Honda, as the company was known till August 2011

Under the joint venture Hero Group could not export to international markets (except Sri Lanka and Nepal) and the termination would mean that Hero Group can now export. Since the beginning, the Hero Group relied on their Japanese partner Honda for the technology in their bikes. So there are concerns that the Hero Group might not be able to sustain the performance of the joint venture alone.[15]

The Japanese auto major will exit the joint venture through a series of offmarket transactions by giving the Munjal family—that held a 26% stake in the company—an additional 26%. Honda, which also has an independent fully owned twowheeler subsidiary—Honda Motorcycle and Scooter India (HMSI)—will exit Hero Honda at a discount and get over $1 billion for its stake. The discount will be between 30% and 50% to the current value of Honda's stake as per the price of the stock after the market closed on Wednesday.[16]

The rising differences between the two partners gradually emerged as an irritant. Differences had been brewing for a few years before the split over a variety of issues, ranging from Honda's reluctance to fully and freely share technology with Hero (despite a 10-year technology tie-up that expires in 2014) as well as Indian partner's uneasiness over high royalty payouts to the Japanese company. Another major irritant for Honda was the refusal of Hero Honda (mainly managed by the Munjal family) to merge the company's spare parts business with Honda's new fully owned subsidiary Honda Motorcycle and Scooter India (HMSI).[16]

As per the arrangement, it will be a two-leg deal. In the first part, the Munjal family, led by Brijmohan Lal Munjal group, will form an overseas-incorporated special purpose vehicle (SPV) to buy out Honda's entire stake, which will be backed by bridge loans. This SPV would eventually be thrown open for private equity participation and those in the fray include Warburg Pincus, Kohlberg Kravis Roberts (KKR), TPG, Bain Capital, and Carlyle Group.[17]

Honda will continue to provide technology to Hero Honda motorbikes until 2014 for existing as well as future models.[18]

Sports Association

Hero MotoCorp began its association with the prestigious Indian Open Golf tournament in 2005. The tournament has helped catapult the popularity of golf in India. Illustrious golfers from around the world participate in this annual event, which boasts of the largest prize fund sanctioned solely by the Asian Tour. Hero MotoCorp, the world's largest manufacturer of two-wheelers, took over title sponsorship of the World Challenge Hero_World_Challenge

Hockey is India's national sport, and Hero is committed to doing its part to promote and popularize the sport. In 2010, Hero MotoCorp extended its support to Hockey by sponsoring the 'Hockey World Cup 2010' that was held in India. 2 years after this, Hero Motocorp was also the sponsor of the 'FIH Road to London 2012' tournament. The company is proud to associate with, and will continue to endorse this great sport in the future.

Our association with cricket goes a long way. Hero MotoCorp has in the past sponsored major cricket tournaments in association with International Cricket Council (ICC), including the cricket World Cup and the Champions Trophy. Hero has also been associated with IPL.

Formation of Hero MotoCorp

The name of the company was changed from Hero Honda Motors Limited to Hero MotoCorp Limited on 29 July 2011.[2] The new brand identity and logo of Hero MotoCorp were developed by the British firm Wolff Olins.[19] The logo was revealed on 9 August 2011 in London, to coincide with the third test match between England and India.[19]

Hero MotoCorp can now export to Latin America, Africa and West Asia.[19] Hero is free to use any vendor for its components instead of just Honda-approved vendors.[19]

On 21 April 2014, Hero MotoCorp announced their plan on a $ 40 Mn joint venture with Bangladesh's Notiol Niloy Group in the next five years.[20]

49% stake in Erik Buell Racing

In July 2013, HMC acquired 49.2%[21] shareholding in Erik Buell Racing, a motorcycle sport company which produces street and racing motorcycles based in East Troy, Wisconsin, USA.

Operations

Hero MotoCorp has four manufacturing facilities based at Dharuhera, Neemrana and Gurgaon in Haryana and at Haridwar in Uttarakhand. These plants together have a production capacity of 7.6 million 2-wheelers per year. Read More Hero MotoCorp has a sales and service network with over 6,000 dealerships and service points across India. It has a customer loyalty program since 2000, called the Hero Honda Passport Program which is now known as Hero GoodLife Program. Hero GoodLife

It is reported that Hero MotoCorp has five joint ventures or associate companies, Munjal Showa, AG Industries, Sunbeam Auto, Rockman Industries and Satyam Auto Components, that supply a majority of its components.[22]

The company has a stated aim of achieving revenues of $10 billion and volumes of 10 million two-wheelers by 2016–17. This in conjunction with new countries where they can now market their two-wheelers following the disengagement from Honda. Hero MotoCorp hopes to achieve 10 per cent of their revenues from international markets, and they expected to launch sales in Nigeria by end-2011 or early-2012.

Motorcycles

Sleek (Discontinued) Street (Discontinued) Achiever Ambition 133, Ambition 135 (Discontinued) CBZ , CBZ Star (Discontinued) CBZ Xtreme , Hero New Xtreme 2014 CD 100, CD 100 SS, Hero Honda Joy, CD Dawn, CD Deluxe, CD Deluxe (Self Start) New HF Dawn,New HF Deluxe, HF DELUXE ECO Glamour, Glamour F.I. Hunk Karizma , Karizma R, Karizma ZMR FI Passion , Passion Plus, Passion Pro, Passion XPro , New Passion Pro TR Splendor , Splendor+, Splendor+ (Limited Edition), SuperSplendor, Splendor NXG, Splendor PRO,

Splendor [iSmart],Splendor Pro Classic Hero Impulse launched in 2011 after the separation of Hero and Honda. Its India's first off-road

and on road Bike. Hero Ignitor launched in 2012

Scooters

It has 2 models in scooters:

Pleasure Maestro

Company performance

The company has sold over 47 million 2-wheelers since its inception in 1984 till March 2013.[2] It sold 6.07 million 2-wheelers in 2012, out of which 5.5 million were motorcycles. Hero Motocorp sells more two wheelers than the second, third and fourth placed two-wheeler companies put together.[2] Its most popular bike Hero Honda Splendor sells more than one million units per year.[23]

In 2013, Hero MotoCorp registered best ever calendar year performance of more than 6.1 million unit sales. By selling 6.25 lakh units in the month of October, it became the first-ever manufacturer to cross landmark 6 lakh unit sales in a month. In the last quarter of the year or say in the festive season, the company sold more than 1.6 million units, while in non festive time in April–May 2013, it managed to sell out quite good numbers of units- 1.1 million.[24]

Listings and shareholding

The equity shares of Hero Motocorp are listed on the Bombay Stock Exchange,[25] where it is a constituent of the BSE SENSEX index,[26] and the National Stock Exchange of India,[27] where it is a constituent of the S&P CNX Nifty.[28]

As on 31 December 2013, the promoters Munjal Family held around 40% equity shares in Hero Motocorp. Over 61,000 individual shareholders hold approx. 7.44% of its shares.[29] Foreign Institutional Investors hold approx. 30% shares in the company.[29]

Shareholders (as on 31-Dec-2013) Shareholding[29]

Promoter Group 39.92%

Foreign Institutional Investors (FII) 30.63%

Foreign Corporate Bodies 12.29%

Individual shareholders 06.44%

Insurance companies 05.38%

Mutual Funds / UTI 02.56%

Bodies Corporate 01.60%

Financial Institutions / Banks 00.53%

Others 00.60%

Total 100.0%

Employees

As on 31 March 2013, the company had 5,832 employees, out of which 66 were women (1.1%). It also had approx. 13,800 temporary employees on that date. The company had an attrition rate of 5.1% in the FY 2012-13.[2] The company spent INR 8.21 billion on employee benefits during the FY 2012-13.[2]

Awards and recognition

The Brand Trust Report published by Trust Research Advisory has ranked Hero Honda in the 7th position among the most trusted brands in India.[30]

It received the 'Best value for Money Bike Maker' and 'Best Advertising' in Two Wheelers Category at the Auto India Best Brand Awards 2012.

Initiatives

The company started Raman Kant Munjal Foundation (RKMF), in 1992 when it was known as Hero Honda Motors Ltd., that looks after:

Raman Munjal Vidya Mandir (an educational institution) Raman Munjal Memorial Hospital

During the financial year, the company spent INR 14 million on corporate social responsibility.

See also

List of companies of India

Companies portal

References

1. ̂ "Board of Directors - Hero MotoCorp Ltd.". Hero MotoCorp. Retrieved 19 January 2014.2. ^ a b c d e f g h i j k l "Annual Report 2012-13". Hero MotoCorp. 24 July 2013. Retrieved 19 January

2014.3. ̂ http://www.moneycontrol.com/financials/herohondamotors/profit-loss/HHM4. ̂ "Honda Motorcycle overtakes Bajaj as 2nd largest domestic two-wheeler maker". The Hindu

Business Line. 10 April 2013. Retrieved 15 January 2014.5. ̂ "The World's Most Reputable Companies". Forbes. 21 November 2006. Retrieved 15 January

2014.6. ̂ "NSE FactBook 2013". NSE India. Retrieved 19 January 2014.7. ̂ "Milestones". Hero MotoCorp. Retrieved 15 January 2014.8. ̂ "Honda to Sell Hero Stake at Half Market Price". WSJ. 9 March 2011. Retrieved 15 January

2014.9. ̂ "Hero gets Honda stake at big discount". Economic Times. 9 March 2011. Retrieved 15 January

2014.10. ̂ "Hero relaunches itself, sans Japanese major". Business Today. 10 August 2011. Retrieved 15

January 2014.11. ̂ "Investment arm to merge with Hero MotoCorp". The Hindu. 5 June 2012. Retrieved 15

January 2014.12. ̂ "Automobile Industry India". Imagin Mor Pty Ltd.13. ̂ Hero MotoCorp Unveiled 15 New Products14. ̂ "Hero to buy out Honda's stake". Indian Express. Retrieved 2010-12-18.15. ̂ "Munjal family & Honda Motor to discuss Hero Honda split today". The Times of India. 16

December 2010.16. ^ a b "Hero, Honda split terms finalized – The Times of India". The Times of India.17. ̂ Hero approves Honda's exit from Hero Honda, India Infoline news service

18. ̂ Higher royalty for Honda in split from Hero – Hindustan Times19. ^ a b c d "Hero goes global; to unveil new brand identity in London – Corporate News".

livemint.com. 25 July 2011. Retrieved 2011-08-04.20. ̂ Joint venture with Notiol Niloy Group21. ̂ "Hero MotoCorp picks up 49.2% stake in US-based Erik Buell Racing for $25 million". Economic

Times. 1 July 2013. Retrieved 19 January 2014.22. ̂ Nandini Sen Gupta (10 March 2011). "Hero-Honda split: Honda restrategizing its vendor

policy". Economic Times.23. ̂ "Every Village, Every Home". Forbes 183 (12). June 2008. p. 80. ISSN 0015-6914.24. ̂ "The Story Behind Hero MotoCorp's Milestones in 2013". 15 January 2014.25. ̂ "Hero MotoCorp Ltd.". BSEindia.com. Retrieved 23 January 2014.26. ̂ "Scripwise Weightages in S&P BSE SENSEX". BSE India. Retrieved 23 January 2014.27. ̂ "Hero MotoCorp Limited". NSE India. Retrieved 23 January 2014.28. ̂ "Download List of CNX Nifty stocks (.csv)". NSE India. Retrieved 23 January 2014.29. ^ a b c "Shareholding Pattern - December 2013". MoneyControl.com. Retrieved 23 January 2014.30. ̂ "India's Most Trusted Brands 2014".

External links

Official website Template:Turkey website News on Hero MotoCorp at Times of India Hero MotoCorp at Bombay Stock Exchange Hero MotoCorp at National Stock Exchange of India Hero MotoCorp on Facebook Hero MotoCorp's channel on YouTube

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BSE SENSEX companies of India

As of 20 January 2014:

Airtel Axis Bank Bajaj Auto BHEL Cipla Coal India Dr. Reddy's Laboratories GAIL HDFC HDFC Bank Hero MotoCorp Hindalco HUL ICICI Bank Infosys ITC L&T Mahindra & Mahindra Maruti Suzuki NTPC ONGC Reliance Industries SBI Sterlite Industries Sun Pharma Tata Motors Tata Power Tata Steel TCS Wipro

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S&P CNX Nifty companies of India

As of 10 Apr 2014:

ACC Ambuja Cements Asian Paints Axis Bank Bajaj Auto Bank of Baroda BHEL BPCL Bharti Airtel Cairn India Cipla Coal India DLF Dr. Reddy's Laboratories GAIL Grasim Industries HCL Technologies HDFC HDFC Bank Hero MotoCorp Hindalco Industries HUL Infosys ICICI Bank IDFC IndusInd Bank Ltd. ITC Limited Jindal Steel and Power Kotak Mahindra Bank L&T Lupin Mahindra & Mahindra Maruti Udyog NMDC Limited NTPC ONGC Power Grid Corporation PNB Reliance Industries

Sesa Sterlite Limited SBI Sun Pharmaceutical TCS Tata Motors Tata Power Tata Steel Tech Mahindra Ultratech Cement United Spirits Limited Wipro

~with effect from March 28, 2014 Tech Mahindra and United Spirits Limited replaced Jaiprakash Associates and Ranbaxy Laboratories respectively.

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Ashok Leyland Bajaj Auto Eicher Motors Hero MotoCorp Mahindra & Mahindra Maruti Udyog TAFE Tata Motors TVS

Aerospace and Defense

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Conglomerates Aditya Birla Adani Avantha Bajaj Bharti Essar

Essel GMR Godrej GVK Hinduja ITC Jaypee Jindal Kirloskar JSW L&T Lanco Mahindra Muthoot Murugappa Ramoji Reliance ADAG Reliance RPG Sahara Shapoorji Pallonji Sun Tata TVS Torrent UB Videocon

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Dabur Easyday Future Group Godrej Consumer Hindustan Unilever ITC Nirma Reliance Retail Tata Global Beverages

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Bharat Petroleum Cairn India Chennai Petroleum Coal India GAIL Essar Oil Hindustan Petroleum Indian Oil Corporation L&T

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Andhra Bank Axis Bank Bank of Baroda Bank of India Canara Bank Central Bank of India HDFC Bank ICICI Bank IDBI Bank ING Vysya Bank Jammu & Kashmir Bank Kotak Mahindra Bank LIC Muthoot Finance Ltd Punjab National Bank SBI Tamilnad Mercantile Bank Union Bank of India Yes Bank

Healthcare, Pharmaceutical &

Biotech

Cipla Dr. Reddy's IDPL IIL Lupin Ranbaxy

Manufacturing and Heavy Industries

ACC Ambuja Apollo Tyres

Asian Paints Bengal Chemicals and Pharmaceuticals Bhushan BHEL DLF Gammon India Havells HCC Hindalco India Cements Jindal Steel JSW MRF SAIL Tata Steel UltraTech

Information technology

HCL Infosys Tata Consultancy Services Tech Mahindra Wipro

Media NDTV Sun Group The Times Group

Telecommunications

Aircel Airtel BSNL Idea Cellular Micromax Mobile Reliance Communications Tata Communications

Methodology: FY 2012/13 revenues of over US$ 1 billion

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