Hero Motors IPO

Hero Motors Limited was incorporated as “Hero Briggs & Stratton Auto Private Limited” on April 30, 1998 under the Companies Act, 1956. It was subsequently converted into a deemed public company and renamed “Hero Briggs & Stratton Auto Limited” in August 1998. In 2001, following the termination of its joint venture with Briggs & Stratton International Inc. (USA), the Company was converted back into a private limited company and renamed “Hero Auto Private Limited”. It was later converted into a public limited company and renamed “Hero Auto Limited” in October 2003. In September 2004, its name was changed to “Hero Motors Limited” to reflect the nature of its business.

Hero Motors Limited is an innovation-driven manufacturer of automotive components and solutions, offering advanced technology and cost-effective products to leading global OEMs. The Company provides a wide range of products and end-to-end solutions across Gears & Transmission, Alloy & Metallic Parts and Bike Powertrain Systems, catering to the Motorcycle, Automotive, Off-Road and Electric Vehicle (EV) segments.

The Company has 1,000+ employees, 6 manufacturing units, 1.2 million sq. ft. of covered area and 2 R&D centres. As the automotive flagship company of the Hero Group, it operates advanced manufacturing facilities at strategic locations in India and Thailand.

The Company’s manufacturing capabilities are supported by collaborations with international technology leaders such as Hewland, along with German and Japanese technologies, advanced design and R&D capabilities and stringent quality-control processes. Its experienced workforce focuses on designing and delivering sophisticated, unique and reliable automotive products.

Growing Presence in Electric Bikes & Premium Two-Wheelers: Expanded its presence across automotive segments and partnered with premium OEMs such as BMW, Ducati and a leading American two-wheeler OEM for complete powertrain solutions. Also has capabilities to provide end-to-end e-bike system solutions.

Strong Global OEM Relationships & Expertise: Serves a diverse global customer base across automotive and non-automotive sectors, including OEMs such as BMW, Ducati, Hero MotoCorp, B&S, Escorts and enviolo, along with motorsport and supercar applications.

Advanced & Geographically Diverse Infrastructure: Manufacturing and assembly facilities across India, the UK and Thailand enable the Company to remain close to customers and provide cost-competitive solutions for diverse markets.

Dependence on Limited Suppliers: Reliance on a limited set of suppliers for critical raw materials and absence of definitive supply agreements with all suppliers may cause supply disruptions, production delays and higher costs, affecting business and financial performance.

Strict Customer Quality & Delivery Requirements: Failure to meet customers’ quality, measurement, tolerance and delivery requirements may result in product recalls, warranty/liability claims, repair or replacement costs, reduced business share or cancellation of orders.

Rapid Technological & Market Changes: The Company may not be able to respond quickly to changing automotive technologies and market trends or develop products aligned with customer demand, particularly with rapid advancements in EV and ICE technologies, which could adversely affect financial performance.