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	5	+= Overview =
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7		-Overview
	7	+Hero MotoCorp (NSE:HEROMOTOCO) is the dominant market leader in India – the world’s largest two-wheeler market – with over 50% share in the domestic motorcycle market.{{footnote}}https://www.heromotocorp.com/en-in/about-us.php{{/footnote}}
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10		-Hero MotoCorp (NSE:HEROMOTOCO) is the dominant market leader in India – the world’s largest two-wheeler market – with over 50% share in the domestic motorcycle market.
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12		-[[https:~~/~~/www.heromotocorp.com/en-in/about-us.php>>url:https://www.heromotocorp.com/en-in/about-us.php]]
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14	14	With innovation at the core of its philosophy, the New Delhi (India) headquartered Hero MotoCorp has been at the forefront of designing and developing technologically advanced motorcycles and scooters for customers around the world. It became the world’s largest two-wheeler manufacturer in 2001, in terms of unit volume sales in a calendar year, and has maintained the coveted title for the past 18 consecutive years.
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17	17	With over 90 million satisfied customers across the globe, it continues to champion socio-economic progress and empowerment through its range of products and services.
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20	20	Led by Dr Pawan Munjal, Chairman, Hero MotoCorp, it has taken rapid strides to expand its presence to 37 countries across Asia, Africa, and South & Central America. Hero MotoCorp is a truly global enterprise with a workforce that comprises of people from different nationalities including India, Bangladesh, Colombia, Germany, Austria, Japan, and France.
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	15	+= Manufacturing Facilities =
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23		-Manufacturing Facilities
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26	26	Hero MotoCorp’s manufacturing facilities are based on the core principle of sustainable development, as the Company remains committed to maintaining the highest ecological standards.
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29	29	Hero MotoCorp has seven globally benchmarked manufacturing facilities, including five in India and one each in Colombia and Bangladesh.
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32	32	In India, the facilities are located at Dharuhera and Gurugram in the northern Indian state of Haryana; at Haridwar in the hill state of Uttarakhand; at Neemrana in the northern state of Rajasthan, and at Halol in the coastal state of Gujarat in western India. The facility in Colombia is located at Villa Rica in Cauca province and at Jessore in Bangladesh, situated in the southwestern region of the country.
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35	35	It became the only Indian two-wheeler company to set up a manufacturing base in Latin America when it started operations at its manufacturing facility at Colombia in 2016.
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38	38	Hero MotoCorp currently has an annual combined production capacity of around 9 million units of two-wheelers.
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41	41	The Company’s manufacturing facilities at Neemrana and Halol have been aptly called the ‘Garden Factories’, for their various measures, which have redefined green manufacturing.
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44	44	The new manufacturing facility of Hero MotoCorp is coming up at Chittoor, in the southern Indian state of Andhra Pradesh.
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	31	+= Research and Development =
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48		-Research and Development
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50	50	The state-of-the-art, world-class Center of Innovation and Technology (CIT) at Jaipur, in the northern Indian state of Rajasthan, is the global hub of Hero’s Research and Development.
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53	53	The CIT has more than 700 engineers from across the world that are engaged in developing the new range of mobility solutions for customers across the globe. The sprawling one-of-its-kind, world-class R&D Center houses the best global facilities for product design & development, testing, and validation under one-roof.
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56	56	With an objective of building a robust R&D ecosystem that is spread across global geographies, Hero MotoCorp has also set-up the ‘Hero Tech Center Germany GmbH’ at Stephanskirchen, near Munich. A wholly owned subsidiary of Hero MotoCorp, the Hero Tech Center in Germany focuses on the development of new vehicle concepts and future technologies in close cooperation with the teams at CIT in Jaipur.
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59	59	As part of its technology ecosystem, Hero MotoCorp also engages with top global design and technology houses from across the world, including Italy, Spain, and Thailand.
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62	62	In keeping with the diverse demography of customers in different geographies of the world, the Company is developing market-specific products to suit every customer need.
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	43	+= Product portfolio =
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65		-Product portfolio
	45	+The company has wide range of two wheelers.{{footnote}}https://www.heromotocorp.com/en-in/the-bike/two-wheeler-motorcycles.html{{/footnote}}
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67		-The company has wide range of two wheelers
	47	+* Xtreme 160R BS6
	48	+* Xpulse 200 BS6
	49	+* Passion Pro BS6
	50	+* Splendor iSmart BS6
	51	+* Glamour BS6
	52	+* Splendor+ BS6
	53	+* HF Deluxe BS6
	54	+* Super Splendor BS6
	55	+* Destini 125 BS6
	56	+* Maestro Edge 125 BS6
	57	+* Pleasure+ BS6
	58	+* Xpulse 200T
	59	+* Xtreme 200S
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69		-[[https:~~/~~/www.heromotocorp.com/en-in/the-bike/two-wheeler-motorcycles.html>>url:https://www.heromotocorp.com/en-in/the-bike/two-wheeler-motorcycles.html]]
	61	+= Business Overview =
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72		-Xtreme 160R BS6
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74		-Xpulse 200 BS6
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76		-Passion Pro BS6
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78		-Splendor iSmart BS6
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80		-Glamour BS6
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82		-Splendor+ BS6
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84		-HF Deluxe BS6
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86		-Super Splendor BS6
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88		-Destini 125 BS6
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90		-Maestro Edge 125 BS6
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92		-Pleasure+ BS6
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94		-Xpulse 200T
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96		-Xtreme 200S
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99		-Business Overview
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101	101	FY 2018-19 was a roller-coaster year for the two-wheeler industry. After a healthy first half, the second half turned into a rough ride on account of insurance price increase, liquidity crunch and agriculture sector slowdown. Overall, the two-wheeler industry grew by a moderate 5% compared to the previous year (FY 2017-18). The two-wheeler industry volumes for full year were 21.17 million units. During the year, ABS/CBS compliance was implemented with effect from April 1, 2019 and compliant variants were launched through the second half of the fiscal year.
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227	227	References
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	191	+{{putFootnotes/}}