Hero MotoCorp

Standing as the world's largest manufacturer of two-wheelers by volume, Hero MotoCorp anchors its operations in New Delhi. The company commands roughly 30% of the Indian two-wheeler market, a dominant position it has held for decades through an extensive dealer network and deep-rooted brand recall. Its product lineup spans from mass-market commuters like the Splendor to premium models such as the Harley-Davidson X440, developed under a distribution partnership announced in 2020.

The Munjal family founded the entity in 1984 as a joint venture with Honda Motor Co., operating as Hero Honda Motors Ltd. until the partnership dissolved in 2010. Pawan Munjal now leads the independent company, guiding it through strategic shifts toward electrification while maintaining the family's controlling stake at 34.75%. In the April–June 2026 quarter, standalone revenue surged 36% year-on-year to ₹12,999 crore, though Profit After Tax declined 16.86% to ₹1,417.93 crore due to cost pressures. [edit]