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Hero Motocorp
BSE: 500182|NSE: HEROMOTOCO|ISIN: INE158A01026|SECTOR: Auto - 2 & 3 Wheelers
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Company History - Hero Motocorp
1983
 - Joint Collaboration Agreement with Honda Motor Co. Ltd. Japan
 signed
 
 1984
 
 -  The Company was Incorporated on 19th January, at New Delhi.  The
 Company Manufacture motor cycles upto 100 cc capacity.  The Company
 was promoted by Hero Cycles (P) Ltd. (HCPL).
 
 - The Company entered into a technical-cum-financial collaboration
 agreement with Honda Motor Co. Ltd., Japan (HML).  As per this
 collaboration agreement, HML was to furnish complete technical
 information and know-how and trade secrets and other relevant data.
 
 - Hero Honda CD-100 is the first four stroke motorcycle to be
 introduced in India in 100cc range.  Its most attractive features are
 fuel efficiency and its light weight.  CD-100 will be equipped with
 electronic ignition system, illuminated speedometer, 4 speed gear
 box, neutral and flasher indicators, etc.
 
 - 15 No. of equity shares subscribed for by the promoters, etc. In
 November, 119,99,985 No. of equity shares issued at par of which
 71,99,985 shares reserved for allotment as under:
 
 - (i) 31,19,998 shares to Hero Cycles (P) Ltd., Hero Investments (P)
 Ltd., and Bahadur Chand Investments (P) Ltd.
 
 - (ii) 31,20,000 shares to Honda Motor Co. Ltd., Japan and
 
 - (iii) 9,59,987 shares to friends and association of promoters.  Out
 of the balance 48,00,000 shares, 2,40,000 shares were reserved for
 subscription by the employees of the Company and 96,000 shares by
 business associates.  The remaining 44,64,000 shares were offered at
 par for public subscription during November.
 
 1985
 
 - The Company embarked on its 2nd phase of expansion of increasing
 its installed capacity from 1,20,000 to 1,50,000 vehicles per annum
 by the addition of several critical aliminium and steel components. 
 
 1986
 
 - 36,00,000 rights equity shares issued at par in prop. 3:10.
 
 1987
 
 - The Company offered 6,00,000 - 15% secured redeemable
 non-convertible debentures of Rs 100 each for cash at par on rights
 basis in the proportion 1 debenture: 18 equity shares.
 
 - Another 3,00,000 - 15% debentures were allotted to retain
 oversubscription.  The debentures were to be redeemed at a premium of
 Rs 5 per debenture on the expiry of the 7th year from the date of
 allotment of the debentures.
 
 - 3,75,000 rights equity shares issued at par in prop. 3:10.
 
 1989
 
 - The Company introduced a new model Sleek during July.
 
 - 850 No. of equity shares forfeited.
 
 1990
 
 - The Company was planning to launch a new model motor cycle-CD 100
 SS sutiable to semi-rural conditions.  In the domestic market the
 Company was reported to have a market share of 46%. 
 
 - 850 forfeited shares reissued.
 
 1994
 
 - The Company proposed to expand the capacity of existing plant at
 Dharuhera to 2,40,000 nos. per annum.  Another plant with an
 installed capacity of 1,50,000 nos. per annum at Gurgaon Industrial
 Estate was being set up.
 
 - The Company issued 39,79,500 bonus shares to the existing
 shareholders in the ratio of 1:4.  The Company also issued 28,557
 number of fractional coupons representing 14,250 shares against which
 shares shall be allotted to presenting the same for consolidation and
 allotment.
 
 - The Company's production and turnover increased to 1,83,490
 motorcycles and Rs.483.85 crores respectively due to growth in demand
 for two wheelers and declining inflation.
  
 1995
 
 - 14,420 bonus shares issued by way of consolidation of fractional
 coupons.
     
 - A new Technical Collaboration Agreement has been signed with Honda
 Motor Co. Ltd., Japan for the period upto the year 2004 which
 includes technology related to models of higher Engine displacement.
 
 
 - The Company alloted 39,79,500 No. of Equity Shares of Rs. 10/- each
 as Bonus shares on 7th February, by way of capitalisation of General
 Reserves.
 
 - The Company had issued 28557 No. of Fractional Coupons representing
 14.250 shares against which the Shares shall be alloted on presenting
 the same for consolidation and allotment.
 
 1997
 
 - Hero Honda Motors has launched its newest motorcycle, the Street, a
 100 cc bike designed for use in congested urban traffic conditions.
 
 - Hero Honda Motors Ltd (HHML) has set up a new motorcycle plant in
 Gurgaon, near Delhi for the manufacture of the Honda Super Cub 100 cc
 stepthro bike.
 
 - Hero Honda has set up a new state-of-the-art plant, heralding a new
 phase of development of motorcycle industry in India, to provide the
 most modern and technologically advanced production facilities.
 
 - Hero Motors of the Rs.1,600 crore Hero group, as part of its
 globalisation plan, has set up a plant in Brazil for manufacturing
 hero winner scooters.
 
 - A new step thru model `Street-100' with unique feature was launched
 on 24th January.
 
 1998
 
 - The company proposes to increase the share capital to 5 crore
 equity shares of Rs. 10 each, 4 lakh cumulative redeemable preference
 shares of Rs. 100 each and 4 lakh cumulative convertible preference
 shares of Rs. 100 each with power to increase or reduce it from time
 to time.
 
 - The company further proposes to capitalise Rs. 19,96,87,500 from
 general reserve to share capital through issue and allotment of bonus
 shares.  Altogether, 1,99,68,750 fully paid bonus shares will be
 allotted and distributed to members of the company holding equity
 shares of the company in the proportion of one bonus share for every
 fully paid equity shares of Rs.10 each.
 
 - Motorcycles major Hero Honda is considering entry into scooters in
 collaboration with partners, Honda Motors, after the Japanese company
 decided to walk out of Kinetic Honda, their scooter venture with the
 Firodias of Pune.
 
 - Honda Motors recently pulled out of its joint venture with the
 Firodias in which it held a 51 per cent equity stake.
 
 - Honda Motor Company Ltd of Japan (Honda) and Kinetic Honda Motor
 Ltd (KHML) have signed a five-year licence and technical assistance
 agreement under which KHML will continue to receive the technical
 knowhow, critical vehicle parts and access to Honda's markets even
 after the sale of Honda stake in KHML to Kinetic Engineering Ltd
 (KEL).
 
 - The Company changed the paradigm in two-wheelers by launching the
 most powerful and fast bike- CBZ(ee) with a unique feature of
 Transient Power Fuel Control (TPEC) system.
 
 - 23,962,500 bonus shares issued in prop. 1:1.
 
 1999
 
 - Hero Honda Motors Ltd (HHML) and 20th Century Finance Corporation
 Ltd have signed a Memorandum of Understanding (MoU) for financing of
 Hero Honda motorcycles.
 
 - The company, a joint venture between Honda Motor Company of Japan
 and Hero group of India to produce four-stroke motorcycles, also aims
 to increase its share by 1 per cent to 38.6 per cent during the
 current fiscal.
 
 - Leading two-wheelers manufacturer Hero Motors has formed a joint
 venture with Briggs Stratton of US to develop and manufacture
 four-stroke engines for mopeds and scooters in India, a top company.
 
 - Honda Motor Company of Japan has decided to re-enter the scooter
 market in India as also foray into three-wheelers in a joint
 initiative with its existing joint venture company Hero Honda Motors
 Ltd.
 
 2000
 
 - Hero Honda Motors Ltd. and Tata Finance Ltd. have signed a national
 tie-up agreement.  The Company is the largest manufacturer of
 motorcycles in the country.
 
 - The Company will relaunch its stepthru Stree Smart on Baisakhi 13th
 April.
 
 - Hero Honda Motors Ltd (HHML), has launched an upgraded version of
 the existing step-through motorcycle - the Hero Honda Street.
 
 - The Company was ranked as the 9th Highest Value Creator among 12
 industry groups within the Bombay Stock Exchange top 100 companies
 over a five year period (1994-99).
 
 2001
 
 - Hero Honda Motors Ltd. has launched a new 100cc motorcycle named
 `Passion'.
 
 - The Company has secured shareholders' approval for splitting one
 equity share of Rs 10 each into five equity shares of Rs 2 each in
 the ratio of 1:5.
 
 - Hero Honda Motors Ltd. has become the largest seller of motorcycles
 amongst all Honda companies and ventures in the world by selling one
 million motorcycles during the current financial year.
 
 - Credit rating Agency Crisil has reaffirmed outstanding `AAA' rating
 assigned to the proposed Rs 15 crore non-convertible debenture issue,
 Rs 16 crore commercial paper programme and fixed deposit programme of
 Hero Honda Motors.
 
 - Promoter-Chairman of the country’s largest motorcycle manufacturing
 company, Hero Honda Ltd, Brijmohan Lall Munjal has bagged the
 prestigious Ernst & Young Entrepreneur of the Year (EOY) award here
 on September 27.
 
 2002
 
 -Company included in the 30 companies Bombay Stock Exchange index
 (Sensex)
 
 -Becomes the world's largest two wheeler company by selling 1.3
 million vehicles in 2001
 
 -Japanese automaker Honda Motor for the first time decides to source
 motorcycles from its Indian joint venture Hero Honda to sell as
 'Honda' brandname in Vietnam
 
 -Royalty to the Japanese parent, Honda Motor Co, hiked to Rs 630 per
 vehicle as compared to the flat royalty of Rs 200 on existing models
 like Splendor and Passion
 
 -Approves Foreign Institutional Investors (FIIs) to increase their
 stake from the present 24 per cent to 40 per cent
 
 -Comes out as the most profitable two-wheeler company in the country
 during the trailing four quarters by overtaking second-largest
 player, Bajaj Auto
 
 -Launches Ambition, a 133 cc 11 BHP vehicle
 
 -Unveils Smart, a 75 cc step-thru
 
 -Comes out with a free insurance scheme worth Rs 1,000 for all its
 bikes
 
 -Bajaj Auto goes ahead of Hero Honda in market capitalisation (m-cap)
 growth in the last fifteen months
 
 2003
 
 -Achieves a landmark sales turnover of over Rs 5,000 crore during
 2002-03
 
 -Launches its cheapest 100cc motorbike 'CD Dawn'
 
 -Hikes production capacity at two of its manufacturing facilities to
 three lakh units
 
 -Hero Honda and SBI Cards launch co-branded credit card for Hero
 Honda's customers
 
 -Achieves milestone by producing five million bikes from its
 Dharuhera plant in Haryana
 
 -Launches its new 223-cc, 16.8 BHP Karizma at Rs 79,000
 
 -Joins hands with Small Industries Service Institute (SISI) to train
 the unemployed youth who have finished diplomas
 
 -Initiates a new dealer credit system which will bring down its
 receivable levels to around seven days and save the company Rs 100
 crore
 
 -Introduces Passion Plus, new version of Passion motorcycle
 
 -Forges marketing pact with Aprilia, the Italian bike maker, to
 introduce its range of motoscooters and top-end motorcycles in India
 
 -The company has bagged two Total Customer Satisfaction (TCS)
 Awards.
 
 -Hero Honda Karizma bags BBC Bike of the Yr Award
 
 2004
 
 -Hero Honda retreats Ambition
 
 -Hero Honda unveils new version of Ambition
 
 -Hero Honda's Dawn emerges as largest entry-level bike
 
 -Hero Motors introduces 'Sting' new 4-stroke bike
 
 -Hero Motors has announced a licensing agreement with Austria-based
 Bombardier-Rotax that will provide 125cc-175cc engines for the
 upcoming `Hero Aprilia' range of scooters.
 
 -Hero Honda renews alliance with Honda Motor
 
 -Two-wheeler major Hero Honda and SBI Card, the credit card arm of
 State Bank of India, have joined hands to launch India's first
 co-branded credit card in the two-wheeler industry
 
 2005
 
 -New product launches widen HHML's product portfolio
 
 -Two-wheeler major Hero Honda on October 5 announced launch of its
 first scooter 'Pleasure'
 
 -Hero Honda rolls out 150-cc motorcycle Achiever
 
 2006
 
 -Hero Honda launches CBZ variant X-treme
 
 -Hero Honda announced the launch of two new variants the new
 'Glamour' and 'Passion Plus' limited edition.
 - Hero Honda is the World No. 1 for the 5th year in a row
 
 - 15 million production milestone achieved 
 
 2007
 
 -Hero Honda Motors Ltd. has appointed Mr. Yutaka Kudo as Director and
 Whole-time Director of the Company in the category of Executive
 Director w.e.f. April 1, 2007.
 
 - Hero Honda is the World No. 1 for the 6th year in a row
 
 - New 'Splendor NXG' launched
 
 - New 'CD Deluxe' launched
 
 - New 'Passion Plus' launched
 
 -  New motorcycle model 'Hunk' launched
 
 - 20 million production milestone achieved
 
 2008
 
 - Hero Honda Motors Ltd has informed that Mr. Arun Nath Maira. has
 been appointed as an Additional Director in the category of Non
 Executive and Independent Director w.e.f. December 20, 2008 by the
 Board of Directors by way of passing a resolution by circulation.
 
 - Hero Honda Haridwar Plant inauguration
 
 - New 'Pleasure' launched
 
 - Splendor NXG lauched with power start feature
 
 - New motorcycle model 'Passion Pro' launched
 
 - New 'CBZ Xtreme' launched
 
 - 25 million production milestone achieved
 
 - CD Deluxe lauched with power start feature
 
 - New 'Glamour' launched
 
 - New 'Glamour Fi' launched 
 
 2009
 
 - Hero Honda Motors Ltd has appointed Mr. Ravi Nath as an Additional
 Director in the category of Non Executive and Independent Director
 w.e.f. October 14, 2009 by the Board of Directors by way of Passing a
 resolution by circulation on October 14, 2009.
 
 - Hunk' (Limited Edition) launched
 
 - Splendor completed 11 million production landmark
 
 - New motorcycle model 'Karizma - ZMR' launched 
 
 - Silver jubilee celebrations 
 
 2010
 
 - Hero Honda - Honda & Hero Honda sign MoU for New Licensing
 Arrangement
 
 - Hero Honda on September 2 launched the new model of Super Splendor
 that comes with 'Honda intelligent ignition system' (HIIS). Priced at
 Rs.45,950.
 
 
 2011
 
 - New licensing arrangement signed between Hero and Honda (Hero Honda
 is renamed as Hero)
 
 - Launch of new refreshed versions of Glamour, Glamour Fi, CBZ
 Xtreme, Karizma
 
 - Crosses the landmark figure of 5 million cumulative sales in a
 single year
 
 
 - Hero Honda Motors Ltd has received a fresh copy of Certificate of
 Incorporation consequent upon change of name from Hero Honda Motors
 Ltd. to Hero MotoCorp Limited.
 
 - Hero Honda rolled out the updated variants of their 125 cc
 motorcycle namely Glamour and Glamour FI where the new Hero Honda
 Glamour will be priced at Rs 50,500 for the drum brake variant and Rs
 52,500 for the disc brake variant.
 
 -Company has changed its name from Hero Honda Motors Ltd. to Hero
 MotoCorp Ltd.                                                        
 
                                                     
 2012
 
 - Hero Honda - Hero Motocorp Forms Strategic Parternership With Erik
 Buell Racing of USA
 
 - Hero Motorcorp signed deal with a European design and technology
 partner.
 
 - Hero MotoCorp joins hands with HDFC Bank to offer financing at
 6.99%
 
 - Hero Investment Pvt. Ltd. to Merge with Hero Motocorp Ltd.
 
 -  Hero MotoCorp tied up with US-based Erik Buell Racing (EBR) to
 outsource technology to be used for its high-end bikes.
Source : Dion Global Solutions Limited
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