Know the market value of your used bike
Hero MotoCorp is world's largest two-wheeler manufacturer in terms of volume. Dr. Brijmohan Lal Munjal founded this Indian brand in 1984, headquartered at Gurgaon, India. The company started their primary business under the brand Hero Honda, which is a joint venture of Hero Cycles and Honda Motorcycles of Japan. With this alliance, Hero had developed various engines with the help of Honda technology. The Hero Honda Splendor, CBZ and Passion are regarded as some of the iconic bikes of all time. Due to the increasing difference between two partners, the fumes of disagreements and split over issues were all around the company. Later in 2010, Hero Group had decided to terminate the Hero Honda and soon formed the independent Hero MotoCorp in 2011.
Hero MotoCorp is one of the leading producers of economic commuter bikes for the domestic as well as international market. The company has their presence in more than 20 nations. In order to expand their business, they had acquired 49.2% stake in Erik Buell Racing of USA. The company is currently producing a wide range of commuter bikes and automatic scooters.
Hero Motocorp Ltd., earlier Hero Honda is the largest two wheeler company in the world. It is a New Delhi headquartered company which has a production of more than 70 lakh units motorcycles per annum. At first, it was a bicycle manufacturing company while founding it in 1956 as Hero Cycles. In 1975, Hero Cycles became the largest bicycle consortium in India. In a collaboration with Honda Motor Co. Ltd. Japan in 1984, a joint venture named Hero Honda was incorporated. But in 2010, both Hero and Honda decided to get parted. As a result, the brand 'Hero Honda' was renamed to today's 'Hero Motocorp'. Currently, Hero exports bikes only to Srilanka. The company mentioned that it would soon export its products to Latin American, African and West Asian countries. Indian cricketer Virender Sehwag, Bollywood stars Hrithik Roshan, Ranbir Kapoor and Priyanka Chopra are the brand ambassadors of Hero in India. Meanwhile, Srilankan cricketer Kumar Sangakara and Miss Sri Lanka Stephanie Siriwardhana are the brand ambassadors of Hero in Srilanka.
At present, Hero has 19 bikes under its brand name expressly - Passion X Pro, Passion Pro, Ignitor, Maestro, Impulse, HF Deluxe, HF Dawn, Pleasure, Splendor +, Splendor NXG, Super Splendor, Splendor Pro, Glamour Fi, Glamour, Achiever, Xtreme, Hunk, Karizma and Karizma ZMR.
Hero Honda (now Hero Motocorp Ltd.) was a New Delhi based Indian motorcycle and scooter conglomerate. The history of Hero Honda starts in 1947 when the Munjal family migrated to India and settled down by establishing a small factory of building bicycles in Ludhiana, Punjab. Later in 1956, a flagship bicycle plant, Hero Cycles Limited was formed in Ludhiana under the leadership of Dr. Brij Mohan Lall Munjal. This establishment rewrote the history as Hero Cycles became the world's largest bicycle manufacturing company in 1975.
The real milestone in motorcycle history was jotted down in 1984, when Hero group and Japan motorcycle giant, Honda Motor Co Ltd. signed an agreement to form a joint venture named, Hero Honda Motors Ltd. This joint venture is considered as the most successful joint venture of all time since it resulted the consortium to become the world's largest two wheeler company. In quick sessions a production plant was raised, along with supply-chain projects in Forgings, Casting, Plastic Injection Moulding and other manufacturing technologies, in Dharuhera, Haryana.
In 1985 the very first Hero Honda motorcycle, CD 100 was rolled out into Indian roads. That embarked a bench mark in the account of motorcycle world. From there the world witnessed novel bikes with new technologies. Followed by, more than 25 two wheelers were introduced. Except very few numbers, all others were huge successes. Hero Honda Motors was ranked at 108 in the 2006 Forbes' 200 most respected companies list.
Fortunately or unfortunately, in 2010, both Hero and Honda concluded to end up their erst while partnership which had been there for long 26 years (1984-2010). And Hero Group bought 26% of Honda's share in Hero Honda Motors Ltd. for Rs. 3841 crore. The new brand identity, Hero Motocorp was revealed on 9th August 2011, in London. Meanwhile, the new logo of Hero which was crafted by the British firm Wolf Olins was also showcased.
Hero Motocorp (formerly Hero Honda) has a great and much respected tradition and legacy. Over 2 crores of Hero bikes are there on roads today. Every second bike sold in India is a Hero motorcycle. Moreover, in every 30 seconds an Indian buys a Hero two wheeler.
Hero Honda Motors Limited has 26 bikes in its account - CD 100, Sleek, CD 100 SS, Splendor, Street, CBZ, Passion, Joy, Dawn, Ambition, CD Dawn, Splendor Plus, Passion Plus, Karizma, Ambition 135, Super Splndor, CD Deluxe, Glamour, Achiever, Pleasure, Splendor NXG, Hunk, CBZ Xtreme, Glamour Fi, Passion Pro and Karizma ZMR.
Know the market value of your used bike