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1956
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Hero
Cycles Limited is established.
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1961
|
Rockman
Cycles Industries Limited established, which is today the
largest manufacturer of bicycle chains and hubs.
|
|
1963
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It pioneered
bicycle exports from India - a foray into the international
market.
|
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1971
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Highway
Cycles was set up to meet the demands of Hero Cycles. It
is today the largest manufacturer of single speed and multi-speed
freewheels.
|
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1975
|
Hero
Cycles Limited became the largest manufacturer of bicycles
in India.
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1978
|
Majestic
Auto Limited was formed and the Hero Majestic Moped was
introduced.
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1981
|
Munjal
Castings established.
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1984
|
Hero
Honda Motors Limited established in joint venture with Honda
Motors of Japan, to manufacture motorcycles.
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1985
|
Munjal
Showa Limited established to manufacture shock absorbers
and struts and is today among the top two shock absorber
manufacturing companies in India.
The 100 cc Hero Honda Motorcycle arrived and by 1988 was
the No. 1 among all motorcycles in India.
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1986
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Hero
Cycles Limited entered the Guinness Book of Records as the
largest bicycle manufacturer in the World.
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1987
|
- Hero Motors, a division of Majestic Auto Limited set up
in collaboration with Steyr Daimler Puch of Austria.
- Gujarat Cycles Limited, now known as Munjal Auto
Industries Limited was established to manufacture and export
state-of-the-art bicycles and allied products in its fully
automated plant at Waghodia.
- Sunbeam Auto Limited, earlier a unit of Highway
Cycles Limited, established as an ancillary to Hero Honda.
It is the largest die casting plant in India.
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1988
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Introduced
"Hero Puch" from Hero Motors Limited. This revolutionary
machine immediately set new records of petrol efficiency
and usable power in 50 - 65 cc machines.
|
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1990
|
Hero
Cold Rolling Division established and is one of the most
modern steel cold rolling plants.
|
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1991
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- Hero Honda receives National Productivity Council's Award.
- Hero Honda receives the Economic Times - Harvard
Business School Association Award against 200 contenders.
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1992
|
Munjal
Showa Limited receives National Safety Award.
|
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1993
|
Hero
Exports established as the International Trading Division
for Group and non-Group products.
|
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1995
|
Hero
Corporate Services Limited as the service segment for the
Hero Group Companies, ancillaries, suppliers, dealers and
other associates.
|
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1996
|
- Hero Winner, a large-wheeled scooter was introduced by Hero
Motors Limited with a choice of 50 cc and 75 cc engines.
- Munjal Showa Limited receives British Council's
National Safety Award.
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|
1998
|
- Hero Briggs and Stratton Auto Private Limited was set up
to produce 4-stroke two-wheeler engines in various cubic
capacities.
- Munjal Auto Components established to manufacture
gear shafts and gear blanks for motorcycles.
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2000
|
The
Hero Group diversifies into IT and IT enabled services through
its service segment - Hero Corporate Services Limited.
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2000-2001
|
Hero
Honda emerges as the market leader in motorcycles with sales
of over a million motorcycles and a strong market share
of 47%.
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|
2001
|
Hero
Global Design established to offer engineering services
in CAD/CAM/CAE related to New Product Development, Design,
Engineering and Manufacturing.
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2002
|
Fastener World Established.
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2002
|
Easy Bill Established to offer utility bill collection
& retail services.
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2003
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Tie up with Livebridge.
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2004
|
Tie up with Bombardier - Rotax GmbH for scooter
engines.
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2004
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Tie up with Aprilia Scooters, Italy.
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2004
|
Retail Insurance business established.
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