Hero Motocorp Board appoints Niranjan Gupta as CEO

The Board of Hero MotoCorp announced the appointment of Niranjan Gupta as the new Cheif Executive Officer (CEO) of the company, effective from May 1. Gupta, who currently serves as the CFO and Head of Strategy and M&A, will be elevated to the new role. Meanwhile, Pawan Munjal will remain the Executive Chairman and Whole-time Director on the Board.

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Niranjan Gupta has been instrumental in ensuring the financial stability of Hero MotoCorp amidst a highly competitive and ever-changing business landscape. His efforts have also helped the company form crucial partnerships with global brands like Harley Davidson and Zero Motorcycles. Gupta brings over 25 years of leadership experience in various sectors such as consumer goods, metals and mining, and automobiles, with expertise in finance, M&A, supply chain, and strategy. Apart from his role in Hero MotoCorp, he also serves as a board member for Ather Energy, HMC MM Auto Private Limited, and HMCL Colombia. Prior to joining Hero MotoCorp, Gupta spent 20 years at Unilever in various global roles and three years at Vedanta Limited.

About the Hero MotoCorp:

• Hero MotoCorp is an Indian multinational motorcycle and scooter manufacturer based in New Delhi, India. It is the world’s largest manufacturer of two-wheelers and is part of the Hero Group, which has diversified businesses ranging from financial services to renewable energy.
• Hero MotoCorp was founded in 1984 as a joint venture between Hero Cycles and Honda Motor Company of Japan. The company began manufacturing motorcycles in 1985 and has since grown to become one of the leading two-wheeler manufacturers in India and around the world.
• Hero MotoCorp’s product portfolio includes a wide range of motorcycles and scooters, ranging from entry-level commuter bikes to high-performance sports bikes. The company has also expanded into the electric vehicle segment, with the launch of the Hero Electric range of electric scooters.
• Hero MotoCorp has a strong presence in India and exports its products to over 40 countries around the world. The company has manufacturing facilities in India, Bangladesh, and Colombia, and has plans to expand into other markets in the future. Hero MotoCorp has also been recognized for its commitment to sustainability and has implemented various initiatives to reduce its environmental footprint.

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