Indian bicycle company
Hero Cycles Limited , based inLudhiana ,Punjab , is an Indian company that manufacturesbicycles and bicycle related products.[ 6] Pankaj M Munjal [ 7] chairman andmanaging director of Hero Cycles.
A bike from Hero Cycles, photo taken inUganda Hero Cycles was established in 1956 inLudhiana Punjab , manufacturingbicycle components. Today, Hero Cycles is one of the world's largest manufacturers of bicycles, producing 18390 cycles per day.[ 8] [ 9] [ 10] [ 11] [ 12]
The company acts in part as awhite label manufacturer to various brands, in addition to selling motorcycles under the Hero and UT (formerly Urbantrail) brands.[ 13] [ 14] [ 15] [ 16] [ 17] [ 18] [ 19] [ 20] [ 21]
In 2015, Hero Cycles Lt. bought a majority stake in Avocet Sports Ltd., a UK distributor of bicycles, e-bikes, bicycle parts, and accessories.[ 22] [ 23] [ 24] [ 25] [ 26] [ 27] [ 28] [ 29] [ 30] [ 31] [ 32]
In 1986, theGuinness World Records called Hero Cycles the largest bicycle manufacturer in the world.[ 33]
Hero Cycles is part ofHero Motors Company (HMC).[ 34]
The HMC family[ 35] [ 36] [ 37] the browser byMozilla ),[ 38] [ 39] [ 40] [ 41] [ 42] [ 43] [ 44] [ 45] [ 46]
Hero Cycles,Ludhiana ,Punjab [ 47]
Hero Cycles,Ghaziabad ,Uttar Pradesh [ 48]
Hero Cycles,Bihta ,Bihar [ 49]
BSH Ventures Pvt. Ltd.,Sri Lanka [ 50]
ZF HERO Chasis Systems,Pune ,Maharashtra [ 51] [ 52]
ZF HERO Chasis Systems,Chennai ,Tamil Nadu [ 53]
Munjal Kiriu,Manesar ,Haryana [ 54]
Munjal Kiriu,Ahmedabad ,Gujarat [ 55] [ 56]
^ "Hero Motors Group elevates Pankaj Munjal as CMD" . www.thehindu.com. 20 July 2015. Retrieved20 July 2015 .^a b "The cycle king" . business-standard.com. 21 January 2013.^ "HMC revenue reaches to INR 2600 Cr" . epaper.bhaskar.com. 27 December 2017. Retrieved27 December 2017 .^ "HMC revenue expected to reache INR 2600 Cr" . dainiksaveratimes.epapr.in. 27 December 2017. Retrieved27 December 2017 .^ "Hero Cycles gets new identity – Hero Motors" . timesofindia.indiatimes.com. 20 April 2017. Retrieved20 April 2017 .^ "Hero Cycles Ltd" . Herocycles.com. Archived fromthe original on 7 August 2011. Retrieved10 August 2011 .^ "Hero Cycles & other group companies elevate Pankaj Munjal as new Chairman & MD" . auto.economictimes.indiatimes.com. 20 July 2015. Retrieved20 July 2015 .^ "Forbes India Magazine – Print" .www.forbesindia.com .^ "India's Hero Cycles on the cusp of becoming world's largest bicycle manufacturer" .Cycling Industry News . 25 April 2018. Retrieved15 January 2021 .^ "Hero Cycles gets new identity – Hero Motors" . timesofindia.indiatimes.com. 20 April 2017. Retrieved20 April 2017 .^ "Hero Cycles Breaks Record in Sales on Home Market" . bike-eu.com. 7 January 2016.^ "Hero Motors to supply transmissions for electric truck in UK" . auto.economictimes.indiatimes.com. 6 November 2017.^ "Hero launches 17 new Hero Sprint Pro cycles; priced up to Rs 15,000" . indiatoday.intoday.in. 24 August 2016.^ "Hero Cycles to unveil 400 Sprint stores" . auto.economictimes.indiatimes.com. 28 September 2017.^ "Hero Cycles Launches New Advertising Campaign "Choose Different" with Arjun Kapoor for 'Hero Sprint Bike RXR' Cycles" . businesswireindia.com. 5 November 2015.^ "Hero Cycles launches new advertising campaign with Arjun Kapoor for 'Hero Sprint bike RXR' Cycles" . indiablooms.com. 3 November 2015.^ "Hero Cycles acquires Firefox Bikes in all-cash transaction" . thehindu.com. 17 September 2015.^ "Hero Cycles acquires Firefox Bikes in all-cash transaction" . economictimes.indiatimes.com. 18 September 2015.^ "Eyeing premium segment, Hero Cycles acquires Firefox Bikes" . tribuneindia.com. 18 September 2015.^ Raj, Amrit (17 September 2015)."Hero Cycles buys Firefox Bikes for Rs150 crore" . ^ "Hero Cycles buys Firefox Bikes in all-cash deal" . 17 September 2015.^ "Hero Cycles acquires majority stake in UK's Avocet Sports" .The Economic Times . 13 August 2015.^ Pandey, Navadha (12 August 2015)."For Europe ride, Hero Cycles acquires UK company Avocet Sports" . ^ "Hero Cycles Q&A" .BikeBiz . 9 June 2016. Retrieved30 January 2021 .^ "Hero Cycles launches Insync house brand touted as an "industry disruptor" .Cycling Industry News . 3 May 2018. Retrieved28 November 2018 .^ "Hero Cycles Acquires Strategic Stake HNF-Nicolai" .Bike Europe . 9 January 2020. Retrieved10 February 2021 .^ "Hero Cycles acquires 48% stake in Germany's HNF Nicolai" .Cycling Industry News . 9 January 2020. Retrieved30 January 2021 .^ "Baker Tilly advises Hero Cycles on entry into German e-bike market" .www.bakertilly.de . Retrieved30 January 2021 .^ "Hero Cycles acquires 60% stake in Sri Lanka's BSH Ventures" . economictimes.indiatimes.com. 23 March 2016.^ "Hero acquires Firefox Bikes, eyes premium cycles market" . 18 September 2015.^ "Hero Cycles acquires Firefox Bikes in all-cash transaction" . financialexpress.com. 17 September 2015.^ "Hero Cycles acquires stake in UK's Avocet Sports" . tribuneindia.com. 13 August 2015.^ "Riding a new high" . indiatoday.intoday.in. 15 October 1987.^ "Hero Cycles Led HMC Records Highest Revenue" . menafn.com. 29 December 2017.^ "Hero Motors Group elevates Pankaj Munjal as CMD" . thehindu.com. 20 July 2015.^ "Hero Group: How embarrassment led to the creation of world's largest bicycle empire" . entrepreneur.com. 1 October 2015.^ "Hero Cycles plans to set up global design centre in UK" . thehindubusinessline.com. 22 November 2016.^ "Hero Cycles buys Firefox Bikes for Rs150 crore" . livemint.com. 18 September 2015.^ "Hero Cycles Q&A" . bikebiz.com. 9 June 2016.^ "GLOBAL BIKE MANUFACTURER UNVEILS £2M MANCHESTER DESIGN CENTRE" . bqlive.co.uk. 30 January 2017.^ "Hero Cycle Group's transmission division to supply gears to Ducati" . timesofindia.indiatimes.com. 14 October 2016.^ "Hero's hospitality foray begins with Marriott deal" . business-standard.com. 21 January 2013.^ "Hero Group putting up a Rs650 crore hotel in Gurgaon" . dnaindia.com. 6 September 2011.^ "Munjal Kiriu Industries commissions new auto component plant in Gujarat" . business-standard.com. 20 September 2017.^ "ZF Hero Chassis System inaugurates new plant" . indiancarsbikes.in. 26 September 2015.^ "Hero Motors launches AUMA, enters restaurant business" . business-standard.com. 21 January 2013.^ "Hero Cycles eyes setting up Rs. 400 cr project" . thehindubusinessline.com. 22 April 2017.^ "Hero Cycles opens aluminium cycle unit at Ghaziabad" . thehindubusinessline.com. 12 August 2013.^ "Investment pedals in with Hero" . telegraphindia.com. 27 August 2014. Archived fromthe original on 29 August 2014.^ "Hero Cycles' Lankan acquisition to serve as gateway for exports to Europe & high-end bicycles to India" . businesstoday.in. 4 May 2016.^ "ZF goes all out to increase localisation" . autocarpro.in. 6 October 2016.^ "ZF sets up Plant in Pune, India for heavy truck transmissions" . machinist.in. 27 October 2010.^ "ZF Hero starts assembling chassis for BMW" . economictimes.indiatimes.com. 1 October 2015.^ "Hero Motors sells 17.6 % stake in Munjal Kiriu Industries" . thehindu.com. 14 February 2011.^ "Hero Motors invests Rs.150Cr, installs new manufacturing unit under joint venture with Kiriu, Japan" . thehansindia.com. 21 September 2017.^ "HeroMotors-led casting venture commissions ₹150-crore plant in Gujarat" . thehindubusinessline.com. 20 September 2017.
