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Brand
Brand
Hero Cycles(indian) and Honda(japan) merged to form Hero Honda in 1984 worlds largest two wheeler manufacturer for the last 10 years consecutively The Dhak Dhak image of Hero Honda has touched the hearts and strings of everyone across the nation Market share of 60% in motorcycles and 43% in two wheelers Honda recently sold off its stake of 26% in the Hero Group
Key persons
Mr. Brijmohan Lall Munjal Chairman
Hero
Hum Main Hai Hero.
Hero
In Dec 2010, the Hero Group and Honda, the Japanese automobile firm agreed to bring to an end their two-and-a-half decade old relationship On August 9, 2011, Hero Motocorp unveiled its new logo at the O2 arena on the bank of the Thames. The launch timing of August 15th is also a reminder of the historic day when we (India) became 100% Indian
Re-designing the brand identity including the brand architecture, name, logo and positioning has been accomplished by Wolff Olins Hero in 3D, the logo even has a triangle, trapezoid and a parallelogram in the first letter of its name. The sharp edge of the logo depicts the style, engineering, innovation and connection with the new brand. Pawan Munjal, MD & CEO, Hero MotoCorp said, Through this we shall establish a new paradigm.
COST
Hero bought the Japanese auto maker's entire 26% stake in Hero Honda for Rs 3,841.83 crore (US $855 millons), and renamed the company
Hero`s plans
International expansion to 30countries The company aims to surpass the 10m units annual sales, with a $10b turnover in five years. Reinforcement of the brand and smooth transition from being Hero Honda to just Hero.
Advantage
It can expand sales to other countries Improve in Techologies