Hero Motors was incorporated on April 30, 1998. The company is one of India’s leading automotive technology companies engaged in designing, developing, manufacturing and supplying highly engineered powertrain solutions catering to automotive original equipment manufacturers (OEMs) in United States, Europe, India and the Association of Southeast Asian Nations (ASEAN) region. It is a fully integrated powertrain systems provider offering comprehensive solutions including services for designing, prototyping, validating, developing, and delivering system-level and component-level powertrain solutions for both electric as well as non-electric powertrains. Its offerings find application in two-wheelers, performance automotive, e-bikes, off-road vehicles, electric and hybrid cars, heavy duty vehicles, and electric vertical take-off and landing (eVTOL) categories. The company also addresses the requirements of the premium ICE and performance ICE segment that require high-performance transmission systems capable of handling tough torque needs while keeping components lightweight.

Its operations are organized into two business segments i.e. Powertrain Solutions, and Alloys and Metallics. Powertrains are integrated systems designed to propel a vehicle by converting energy into motion. They include the engine or motor, energy storage systems, the transmission, driveshaft, and other related components that work together to deliver power to the vehicle's wheels. The Powertrain Solutions segment is operated as two sub-units based on end applications served, namely, Gears and Transmissions (G&T), serving a wide range of automotive and other mobility applications, and Bike Powertrain (BPT), focused on the applications for the micro-mobility sector, i.e., small, lightweight vehicles like e-scooters, bicycles, and e-bikes used for short-distance travel in urban areas. Its A&M segment is engaged in providing sheet metal and tubular assemblies and component solutions, primarily to automotive OEMs.

Business area of the company 

The main objective of the company’s business is manufacturing, buying, selling, importing, exporting, improving, assembling, repairing and dealing of all kinds of component parts, replacement parts, gears, power train solutions, spare accessories, tools, implements and fittings for engines scooters, motorcycles, three wheelers, e-bikes or otherwise.

Products and services of the company

Powertrain Solutions segment

• Gears, shafts and Gear-set assemblies
• Gearbox assembly and EDUs
• Design, Prototyping and Validation services
• CVT systems (Micromobility)
• Motors and E-Drive Units (Micromobility)

Alloys and Metallics segment

• Alloys and metallic solutions

Awards, accreditations and recognition 

• 2013-2014: Received the ‘Kirtvir Award (First Prize)’ from the Directorate of Factories, Punjab.
• 2014-2015: Received the ‘Kirt Shiromani Award (Third Prize)’ from the Directorate of Factories, Punjab.
• 2015-2016: Received the ‘Kirtvir Award (Third Prize)’ from the Directorate of Factories, Punjab.
• 2015-2016: Received the ‘Quality Performance Award’ from Gabriel India Limited.
• 2016-2017: Received the ‘Best Supplier for Quality Performance Award’ from Gabriel India Limited
• 2017-2018: Received the ‘Environment Excellence Award’ from the Punjab Pollution Control Board.
• 2018-2019: Received the ‘Best Supplier Award for After Market Delivery’ from Gabriel India Limited.
• 2018-2019: Recognized as ‘first’ for tree plantation, water conservation and energy saving by the Chamber of Industrial and Commercial Undertakings.
• 2020-2021: Received the ‘Best Supplier Award for After Market Delivery’ from Gabriel India Limited.
• 2021-2022: Received the ‘Best Supplier Award for After Market Delivery’ from Gabriel India Limited.
• 2022-2023: Received a certificate of appreciation from the Government of India for the prompt filing of returns and payment of Goods and Services Tax.
• 2022-2023: Received a letter of appreciation from the Harley-Davidson Motor Company for the company’s contribution towards development and supply of components for ‘LaMotta – Pan America 1250 and SportsterS Motorcycles’.
• 2022-2023: Received a certificate in relation to the presentation of the case study in TQM-India Summit organised by the Quality Circle Forum of India. Further, was awarded the ‘Gold’ award.
• 2023-2024: Received the ‘Quality Award’ from Ducati Motor Holding, Italy.
• 2023-2024: Received the ‘Appreciation Award for Achieving >90% EHS compliance’ from Gabriel India Limited.
• 2023-2024: Received the ‘Best Supplier Award for After Market Delivery’ from Gabriel India Limited.
• 2023-2024: Received a certificate of appreciation from the Government of India for the prompt filing of returns and payment of Goods and Services Tax.
• 2024-2025: Received a certificate of appreciation from the Assistant Commissioner State Tax, Ludhiana for meaningful contribution towards state exchequer and the society.
• 2025-2026: Received the 'First Prize' under the State Export Award, Uttar Pradesh 2023-24, for outstanding export performance in the 'Other Products' category, from the Micro, Small and Medium Enterprises and Export Promotion Department, Government of Uttar Pradesh.

History and milestones

• 1998: Incorporation of the company.
• 1998: Investment in the company through joint venture between Briggs & Stratton International Inc. (USA) and Majestic Auto Limited.
• 2001: Commenced operations of its ‘alloys and metallics’ business, focusing on sheet metal component manufacturing, machining of casting products and other sheet metal components.
• 2004: The High Court of Delhi at New Delhi vide its order dated July 22, 2004 and the High Court of Punjab and Haryana vide its order dated November 7, 2003 approved the scheme of arrangement between the company and Majestic Auto Limited pursuant to which all the properties, rights and claims and the entire undertaking relating and pertaining to the Ghaziabad business of Majestic Auto Limited was transferred to the company.
• 2015: The High Court of Punjab and Haryana at Chandigarh vide its order dated October 9, 2015 had sanctioned the scheme of arrangement between HCL and the company whereby the sheet metals, transmission and cycle production, and assemblies business of the company was transferred to HCL.
• 2018: The company partnered with US-based technology company, enviolo and commenced supply of continuous variable planetary transmission (CVP) hubs, commencing operations of the bike powertrain subunit in the company’s powertrains solutions business.
• 2020: The company entered into an agreement with enviolo for the co-development of an economical version of the CVT hub named ‘Urban’ for Indian and ASEAN and European markets.
• 2021: Entered into a joint venture agreement dated October 27, 2021 with Yamaha to incorporate HYM for the purpose of manufacturing hub motors for e-bikes and selling them to Yamaha and the company.
• 2022: The Hon’ble National Company Law Tribunal, Chandigarh Bench vide its order dated November 4, 2022 approved the scheme of arrangement between HCL and the company whereby the auto component business of HCL was transferred to the company.
• 2022: The company acquired 32% stake in HEL.
• 2022: The company raised funds through private placement of securities from South Asia Growth Invest LLC and South Asia EBT Trust.
• 2023: Commenced operations at its facility in Samut Prakan, Thailand.
• 2023: The company acquired 100% stake in STPL from HCL, a member of its Promoter Group and a Group Company.
• 2023: The company acquired a further 19% stake in HEL, resulting in HEL becoming a subsidiary of the company.
• 2023: The company ventured into the electric drive unit segment under the ‘ESYNC’ brand.
• 2025: The company entered into a joint venture agreement with Vermogensverwaltung Plettenberg GmbH & Co KG along with its group companies (STP Group) for the purpose of manufacturing forging components
• 2025: The company incorporated its Subsidiary, Munjal STP Industries Private Limited, pursuant to a certificate of incorporation dated July 22, 2025.