A) About
Hero Motors Limited is a distinguished manufacturer of automotive components and solutions, recognized globally for offering cutting-edge technology at a competitive cost. As part of the Hero Motors Company (HMC) conglomerate, Hero Motors focuses on delivering innovative powertrain solutions and alloy components to leading original equipment manufacturers (OEMs) worldwide.
B) Business Model
Hero Motors operates on a business-to-business (B2B) model, specializing in the design, development, and manufacturing of high-quality automotive components. The company's core competencies include:
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Powertrain Solutions: Providing advanced transmission systems and components for two-wheelers and electric vehicles.
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Alloys and Metallics Division: Manufacturing precision-engineered alloy components for various automotive applications.
By leveraging state-of-the-art manufacturing facilities and a commitment to innovation, Hero Motors delivers value-added solutions tailored to the specific needs of its global clientele.
C) Services Offered
Hero Motors offers a comprehensive range of services, including:
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Design and Engineering: Collaborative development of custom components to meet client specifications.
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Manufacturing: High-volume production of powertrain systems and alloy components using advanced technologies.
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Quality Assurance: Rigorous testing and quality control processes to ensure product reliability and performance.
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Aftermarket Support: Providing ongoing technical assistance and support to clients post-delivery.
D) Global Reach
Hero Motors has established a significant international presence, supplying components to leading OEMs across various regions, including:
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Asia
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Europe
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North America
The company's global footprint is supported by strategically located manufacturing facilities and a robust supply chain network, enabling efficient delivery and support to clients worldwide.
E) Strategic Joint Venture with SchmiedeTechnik Plettenberg (STP)
In March 2025, Hero Motors entered into a joint venture with German firm SchmiedeTechnik Plettenberg (STP) to manufacture forged powertrain components in India. The new facility will be established at Hero Industrial Park in Ludhiana, aiming to enhance global market share and cost efficiencies while promoting cross-border knowledge exchange between Germany and India.
F) IPO and Listing Details
In August 2024, Hero Motors Limited filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed ₹900 crore Initial Public Offering (IPO). The IPO was structured as follows:
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Fresh Issue: ₹500 crore
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Offer for Sale (OFS): ₹400 crore by promoters, including OP Munjal Holdings, Bhagyoday Investments, and Hero Cycles
However, in October 2024, the company withdrew its DRHP, citing the need for further disclosures and compliance requirements as per SEBI's observations. As of now, there is no confirmed timeline for the revival of the IPO plans.
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