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Hero Cycles Limited, based in Ludhiana Punjab, India is a manufacturer of bicycles and bicycle
related products.[2] Mr Pankaj Munjal is the Managing Director of Hero Cycles.

Contents

[hide]

1History

2See also

3References

4External links

History[edit]

Hero group was established by the four Munjal brothers, namely, Om Prakash Munjal,
LateSatyanand Munjal, Late Brijmohan Lall 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 became the largest manufacturer of bicycles in India with a production of
7500 cycles per day.

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 produces over 18,500 cycles a day, the highest in global reckoning.
With the 48% share of the Indian market, this volume has catapulted Hero in the Guinness
Book of World Records as the largest bicycle manufacturer in the world.

By 2004, Hero Honda became the world's largest manufacturer of two-wheelers with over
48% market share in India.

In August 2011, Hero and Honda parted company, thus forming Hero MotoCorp and
Honda moving out of the Hero Honda joint venture.

In 2012, Hero crossed the figure of 130 million cycles.

See also[edit]

Hero MotoCorp
References[edit]

1. Jump up^ "Hero Cycles to get into premium segment; to export to US, UK - Economic
Times". Articles.economictimes.indiatimes.com. 7 August 2011. Retrieved 10 August 2011.

2. Jump up^ "Hero Cycles Ltd". Herocycles.com. Retrieved 10 August 2011