Hero Motocorp Ltd

Hero MotoCorp Limited, more popularly known as Hero Motorcycles, is an

Indian two-wheeler manufacturer, producing motorbikes and scooters.
Originally known as Hero Honda Motors Limited, it was an amalgamation of
Hero (an Indian company) and Honda (a Japanese company) for 26 years
from 1984 to 2010. Hero MotoCorp has been the world's largest
manufacturer of two-wheelers since 2001. Hero MotoCorp is based in New
Delhi, the capital of India. The company was established in partnership with
Honda in 1984 by Dr. Brijmohan Lall Munjal. He is also the current Chairman
of the Hero MotoCorp Ltd.

History of Hero MotoCorp

The principal owner of the Hero two-wheeler manufacturing unit – Hero
Cycles – was founded in 1956 in Ludhiana, Punjab, by the Munjal brothers.
In 1975, Hero Cycles became the largest manufacturer of bicycles in India.
An agreement of collaboration and formation of a joint venture was signed
between Hero Group of India and Honda of Japan in 1983. A year later, Hero
Honda Motors Limited came into existence. In 2001, the company attained
the status of being the largest manufacturer of two-wheelers in the world.
The Japanese partner Honda walked out of the partnership in 2010, selling
the 26 percent of stakes it held to Hero. The company was named Hero
MotoCorp in August 2011.
Hero Motocorp Plant Locations in India
Hero MotoCorp has manufacturing facilities located at five locations in India.
The five manufacturing plants of Hero MotoCorp have a combined
production capacity of more than 9 million vehicles annually.
Satyavedu, Andhra Pradesh
Dharuhera, Haryana
Gurgaon, Haryana
Neemrana, Rajasthan
Haridwar, Uttarakhand
Hero MotoCorp has over 7,000 dealership and service centre units in 29
states and four union territories of India.

Hero Motocorp Current Models

Being the largest manufacturer of two-wheelers in India and the world, Hero
MotoCorp produces a diversified range of models and variants to cater to
the needs and demands of its customers.

Following are the current models and their starting prices:

Karizma ZMR (Rs. 1,05,500)
Karizma (Rs. 83,900)
Xtreme Sports (Rs. 72,625)
Xtreme (Rs. 71,925)
Hunk (Rs. 69,725)
Impulse (Rs. 71,400)
Achiever (Rs. 61,425)
Ignitor (Rs. 60,500)
Glamour Programmed Fi (Rs. 65,600)
Glamour (Rs. 55,925)
Super Splendor (Rs. 53,600)
Splendor iSmart (Rs. 50,000)
Splendor Pro Classic (Rs. 50,500)
Splendor Pro (Rs. 47,650)
Splendor+ (Rs. 45,850)
Passion Xpro (Rs. 49,525)
Passion Pro (Rs. 47,650)
CORPORATE SOCIAL RESPONSIBILITY
COMMITTEE

MR. PAWAN MUNJAL

Chairman

MR. PRADEEP DINODIA

Member

GEN.(RETD) V.P. MALIK

DETAILS OF AMOUNT SPEND ON CSR IN
LAST 3 YEARS

Year 2014-2015 2015-2016 2016-2017

Actual CSR 2.37 Cr 65.00 Cr 85.14 Cr

Prescribed CS 44.04 Cr 58.18 Cr 70.62 Cr

CSR PROJECTS OF THE COMPANY

Education promotion and vocational skill

development for children and women
Promoting Road Safety Awareness
Community Development
Promoting preventive health care and sanitation
Tree plantation
Relief fund
Promoting preventive healthcare & Sanitation
Community Development
Infrastructure Support and Road Safety Drive
Army Wives Welfare
Tree Plantation & Water Conservation
Promoting Sports
In my opinion, Hero Motocorp Ltd. is complying with the CSR provisions in
the companies act 2013.

Three directors are included in CSR committee.

Hero motocorp ltd. made the disclosures of the Composition of CSR

Committee in board report.

The company is spending 2% of the average net profits of the company

during three immediately preceding financial years against CSR as provided
in CSR Policy.