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Hero Cycle Auto Saved)

Hero Cycle Auto Saved)

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Published by: maajid_khan5490 on Jan 02, 2010
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01/27/2011

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HISTORY 
Hero group was started by the four Munjal brothers,hailing from a small town calledKamalia, now inPakistan  in the year 1944 by establishing bicycle spare partsbusiness in Amritsar. After independence and partition of India, they moved to Ludhiana and started a bicycle unitcalled Hero Cycles in 1956. By 1975, Hero cycles becamethe largest bicycle manufacturer in India. In 1984, Herogroup joined Honda Motors of Japan to createHero Honda Motors Limitedwhich soon became one of the marketleader in motor-cycle sales in India. In 1986 Hero CyclesLimited entered the Guinness Books of World Records asthe largest bicycle manufacturer in the world. By the year2004, Hero Honda became the world' largestmanufacturer of two-wheelers with over 48% marketshare in India. In year 2006, Hero Honda entered thescooter production with launch of its new model -Pleasure.Hero Cycles is a product of this philosophy. Thephilosophy that instills commitment, team work andforesight. Heros colossal journey started beforeindependence. The four Munjal brothers, hailing from asmall town called Kamalia, now in Pakistan, are the menwho are behind the mission. Brotherhood apart, what knitthe men together was the wealth of will, integrity,ambition & determination. In the year 1944, they decidedto start a business of bicycle spare parts in Amritsar. It ismodest beginning and the next 3 years saw the businessgrow rapidly. But the dark clouds of partition eclipsedtheir plans of the future. With renewed vigor and
 
optimism, the operational base was shifted to Ludhiana.By 1956, the brothers had began manufacturing keycomponents of bicycles and as a logical way forward,began to assemble the entire cycle at theirmanufacturing plant in Ludhiana. In the early days, theplant had a capacity for 25 cycles per day. Over the nextfew years, the Bicycle Unit started growing in stature andsize, attracting skilled engineers, technocrats,administrators and entrepreneurs. From a modestbeginning of mere 639 bicycles in the year 1956, HeroCycles products over 18500 cycles a day today, thehighest in global reckoning. With the 48% share of theIndian market, this volume has catapulted Hero in the‘Guinness Books of World Records’ in 1986 and edge overglobal players is being maintained since then.
Hero Cycles Limited
Founded
1956
Headquarters
Key people
10,0000 crores Rs 2004-2005
 
A tiny acorn has now become a mighty Oak. From cycleto two - wheeler was a natural step, and the Hero Groupcame into being. The Hero Group, today, is a vastconglomerate of companies, either in the form ocollaborations, joint ventures or fully owned subsidiaries,with more than Rs. 10000 Crore turnover annually. HeroGroup, besides being the world’s largest manufacturers of bicycles, motorcycles and chains to this date, hasdiversified into newer segments like Information Technology, IT Enabled Services and Financial Services. The Hero Group has done business differently right fromthe inception and that is what has helped us to achievebreak-through in whatever product category we haveventured in. The Group's low key, but focused, style of management has earned the plaudits amidst investors,employees, vendors and dealers, as also worldwiderecognition. The growth of the Group through the years has beeninfluenced by the number of factors: The Hero Group through the Hero Cycles Division was thefirst to introduce the concept of just-in-time inventory. The Group boasts of superb operational efficiencies.Every assembly line worker operates two machinessimultaneously to save time and improve productivity. The fact that most of the machines are either developedor fabricated in-house, has resulted in low inventorylevels.In Hero Cycles Limited, the just-in-time inventoryprinciple has been working since the beginning o

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