Nifty22,808.5095.41
Sensex73,582.53262.98
Trent3,785.00234.41
Gold (MCX) (Rs/10g.)149,778.0098.00
USD/INR92.85-0.26
Market Watch

Pawan Munjal

Chairman, MD and CEO, Hero MotoCorp

NationalityIndian

LeagueBusiness Leader

EducationMechanical Engineering, NIT Kurukshetra

Net Worth$3.9 billion (As of March 26, 2021)

Pawan Munjal's Assets:

Stake in Hero MotoCorp Limited

Pawan Munjal's Journey so far ...

Pawan Munjal was 24 when he joined Majestic Auto -- the first motorised two-wheeler business of Hero Group -- in 1979
In 1984, Hero collaborated with the Japanese automobile manufacturer Honda to form Hero Honda. In the years that followed, Munjal worked across various departments including sales, supplier selections, plant operations and finance within the company
Munjal was appointed the CEO & managing director of Hero Honda Motors Ltd. in 2001 and held the positions till 2011
After Hero and Honda split in 2011, Munjal assumed the role of CEO & managing director at the newly-formed Hero MotoCorp Ltd.
In 2014, he was elevated to the position of vice-chairman of the company, while retaining his previous designations
After his father, Brijmohan Lall Munjal, stepped down from the helm of the company, Pawan Munjal was appointed as the chairman of Hero MotoCorp
According to the company's website, Hero MotoCorp became the world's no. 1 two-wheeler company in 2001, and has retained the top spot for 19 consecutive years
Among others, Munjal holds board seats in various Hero Group companies including Hero Future Energies, Hero Fincorp, Hero Honda Finlease and Hero Investments
Currently, Hero MotoCorp is the world's largest manufacturer of two-wheelers and has presence in 40 countries across the globe
Munjal was responsible for the formation of the Hero Indian Sports Academy (HISA) in 2003

Before you go ...

Munjal is an avid golfer and also contributes towards the development of the sport

Last Updated: 26/03/2021

Pawan Munjal News

Hero MotoCorp appoints Madhuri Mehta as CHRO
Hero MotoCorp Ltd has appointed Madhuri Mehta as its new chief human resources officer, effective October 1. Mehta will spearhead the company's global people strategy and culture transformation initiatives. With over 24 years of experience, she joins from Emaar India, previously holding leadership roles at Dalmia Bharat Group, bringing valuable expertise to Hero MotoCorp's growth journey.
Hero MotoCorp names Harshavardhan Chitale as CEO effective Jan 2026
Hero MotoCorp on Monday appointed Harshavardhan Chitale as CEO effective January 5, 2026, succeeding acting CEO Vikram Kasbekar. Chitale, an IIT Delhi alumnus and former global CEO at Signify’s professional business, has also held senior roles at Philips Lighting India, HCL Infosystems and Honeywell.
GST cut on two-wheelers to ease cost for first-time buyers: Hero MotoCorp chairman Pawan Munjal
Hero MotoCorp's Pawan Munjal anticipates that lowering the GST on two-wheelers will provide essential relief to first-time purchasers, particularly in rural and semi-urban regions where they are essential for personal transportation. He emphasized the industry's significant contribution to the national economy and employment. The GST Council is scheduled to meet and discuss reforms, including potential rate cuts.
Hero MotoCorp to enter European markets in Q2 FY26, says Chairman Pawan Munjal
Hero MotoCorp is gearing up for a significant global expansion, with plans to enter Germany, France, Spain, and the UK in the second quarter of FY 2025-26. The company is also fostering innovation by mentoring entrepreneurs and investing in electric vehicle ventures like Ather Energy and Euler Motors, aiming to lead India's electric mobility transformation.
Euler Motors raises Rs 638 cr in funding round led by Hero MotoCorp
Euler Motors has secured Rs 638 crore in a Series D funding round spearheaded by Hero MotoCorp, with participation from British International Investment. The funds will fuel expansion of sales and service networks, alongside advancing new product development.
Hero’s search for a hit: Hero MotoCorp, India’s largest two-wheeler maker, struggles to stem dwindling market share
Hero MotoCorp faces mounting challenges as its market share hits a decade-low and rivals gain ground. With executive departures and underperforming new models, the company is struggling to maintain its leadership in the two-wheeler market while its EV segment grows sluggishly.
Hero MotoCorp launches programme to support startups in automotive industry
Under the programme, selected startups will get exclusive access to Hero MotoCorp's research and development facilities in Germany and India, besides the company's extensive network of dealers, suppliers and partners, along with mentorship.
Hero MotoCorp looks to debut in electric 3-wheeler space
Hero MotoCorp is in advanced talks to invest up to ₹900 crore in Bengaluru-based Altigreen Propulsion Labs, a maker of electric three-wheelers. This strategic move will allow Hero to enter a growing market segment, competing with Mahindra & Mahindra and Bajaj Auto. Due diligence has been completed, and a deal announcement is anticipated soon.
DRI case: Delhi HC quashes proceedings against Hero MotoCorp chairman Pawan Munjal
The Delhi High Court has dismissed the case against Hero MotoCorp chairman Pawan Kant Munjal, which was filed by the Directorate of Revenue Intelligence (DRI) over allegations related to foreign currency.
Delhi HC quashes summons issued to Hero Group chairman Pawan Munjal in DRI proceedings
The Delhi High Court quashed a summons issued to Hero Motocorp chairman Pawan Kant Munjal in a DRI case related to foreign currency. The court granted Munjal's plea to set aside the trial court's July 1, 2023 order. The High Court noted Munjal's exoneration by the CESTAT on the same facts and had stayed related proceedings.
Exclusive: Malabar Investments eyes Sugar Cosmetics stake via Rs 80-100 crore secondary round
The secondary deal likely to value Sugar Cosmetics at Rs 2,900 crore. Early backers like RB Investments, India Quotient, and angels are likely to part-sell shares in the ongoing funding round, according to people in the know of the matter.
Professional CXOs dominate India Inc's million-dollar-plus compensation club in FY23
In FY22, India Inc's million-dollar club had expanded by 37% compared to a decrease of 17% in the pandemic-hit FY21. The total compensation of C-suite executives went up 7.56% to ₹4,256 crore, from ₹3,957 crore in FY22. Here, too, professional CXOs amassed the bulk of this increase with the collective compensation for professional CXOs going up by 21.08% while that of promoters registering a decrease of 9%.
HC stays proceedings against Pawan Munjal days after ED attached properties of Hero Moto CMD
The Delhi High Court has stayed the Enforcement Directorate's proceedings against Hero MotoCorp's CMD Pawan Munjal, following an ongoing money laundering investigation. Munjal was accused of using foreign currency issued in the name of others for personal expenditure abroad, overriding RBI rules. The ED seized assets worth Rs 24.95 crore from Munjal's relationship manager.
Delhi HC stays DRI proceedings against Hero Group chairman Pawan Munjal
The Delhi High Court has stayed proceedings against Hero Motocorp Chairman Pawan Kant Munjal by the Directorate of Revenue Intelligence (DRI). The court noted that Munjal had been exonerated by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) on the same set of facts, which was not disclosed before the trial court.
ED attaches assets worth Rs 24.95 cr of Hero Moto’s Pawan Munjal in money laundering probe
The Enforcement Directorate has attached three immovable properties worth Rs 24.95 crore to Hero Moto's CMD Pawan Munjal, with the total value of the seizure and attachments now estimated at Rs 50 crore. The prosecution complaint alleges that foreign currency equivalent to Rs 54 crore was illegally taken out of India.
Hero MotoCorp to foray into Europe with EV range next year
Hero MotoCorp CEO Niranjan Gupta said the company is collaborating with credible partners in the UK, Spain, and France to start commercial operations in each of these markets by mid 2024. "We will first introduce our electric scooter VIDA V1 in these countries and then expand our offerings with high-capacity premium ICE motorcycles and scooters, which are showcased here," he noted.
Hero MotoCorp's Pawan Munjal to take 20% pay cut following split in Chairman and CEO roles
Earlier this year, Hero decided to separate the roles of the Chairman & CEO and appoint a CEO for the company. Following this transition, Munjal volunteered to reduce his fixed salary. Munjal has been accused of forgery and fraud charges in an FIR filed by the Delhi Police recently. The Delhi High Court later stayed the criminal proceedings against Hero MotoCorp and its chairman in the case.
Hero Moto's Pawan Munjal to take a pay cut of 20%
Hero MotoCorp's board has approved a 20% reduction in Chairman Pawan Munjal's fixed salary. Munjal previously decided to separate the roles of Chairman and CEO and appoint a CEO. In FY23, he earned Rs 99.6 crore, an 18% increase from FY22. The new remuneration would be effective January 1, 2024.
HC stays proceedings against Hero MotoCorp, Chairman Pawan Munjal in forgery case
The Delhi High Court has granted a stay on the criminal proceedings against Hero MotoCorp, its chairman Pawan Munjal, and officials in a case of alleged forgery. The court has ordered the stay until December 6 and has also suggested the possibility of a settlement. Hero MotoCorp had challenged the trial court's order to register an FIR against them.
Relief for Hero MotoCorp's Pawan Munjal till Dec 6 as Delhi court stays proceedings based on FIR
The Delhi High Court has issued a stay on proceedings in a first information report (FIR) filed against Hero MotoCorp and its Chairman Pawan Munjal in an alleged bill forgery case. The FIR, filed by the Delhi Police, accuses certain officials of Hero MotoCorp of forgery, falsification of accounts, criminal conspiracy, and cheating. Hero MotoCorp has stated that the case is an old matter dating back to 2009-10 and involves a disgruntled service provider.
Hero MotoCorp shares fall over 3% on FIR against Chairman Pawan Munjal for alleged fraud
The correction brings the stock below its 50-day Simple Moving Average (SMA) of Rs 3,005.80 according to Trendlyne data though it is still trading above its 200-DMA
Delhi Police file FIR on cheating complaint against Hero MotoCorp
The complaint names Pawan Munjal, chairman of Hero MotoCorp, and executives Vikram Kasbekar and Hari Gupta, but the FIR does not name any official or the company, Hero MotoCorp said in a BSE filing.
Hero MotoCorp faces tax probe over links to vendor
India's Directorate General of Goods and Services Tax Intelligence is investigating motorcycle manufacturer Hero MotoCorp over its connection with vendor Salt Experiences, suspected of false expenditure reporting of around Rs 900 million ($10.87m). The investigation coincides with a separate exercise by India’s Directorate of Enforcement, which searched 12 premises operated by Hero MotoCorp and founding shareholder Pawan Kant Munjal, seizing $3m in assets.
ED seizes Rs 25 crore worth of cash, jewellery after raids on Hero MotoCorp's Munjal, others
The federal agency raided the residences and offices of the 69-year-old billionaire businessman, the promoter of India's largest two-wheeler automobiles manufacturer, in Delhi and neighbouring Gurugram apart from that of some other entities on Tuesday.
Hero MotoCorp shares fall 3% after July total sales decline 12%
Meanwhile, domestic sales were at 3,71,204 units as compared to 4,30,684 units in July 2022. Exports, however, increased to 20,106 units from 14,896 units in the corresponding period of the last year.
Pawan Munjal backed Exponent reveals the tech that makes 15-minute rapid charging a reality
According to Exponent, its energy stack addresses two key problems that, for decades, prevented rapid charging on LFP cells – Lithium plating and Extreme heat.
ED searches 11 locations linked to Hero Moto, Pawan Munjal's residence
The Enforcement Directorate (ED) Tuesday is conducting searches at 11 locations on premises linked to Hero MotoCorp, sources in the know told ET. The probe is reportedly in connection with the DRI’s case allegedly pertaining to carrying of excess forex by Amit Bali, an alleged close aide of Pawan Munjal, Chairman, Chief Executive Officer and Managing Director, of Hero MotoCorp
Hero MotoCorp shares slump 4%, off 2-year high; what dampened D-Street mood?
Hero Moto stock, which hit an over 2-year high of Rs 3,244 in early trade, erased the gains to hit a low of Rs 3,032.25 on the National Stock Exchange. The selling came on the back of strong volumes of more than 2 million shares. This was way higher than the six-month daily average volume of 6,15,362 shares.
Hero Motors tunes up for D-Street, could raise up to Rs 1,500 crore
Hero Motors was spun off from Hero Cycles, a company helmed by Pankaj Munjal's father Om Prakash Munjal for decades before the latter passed away in 2015. Hero MotoCorp's Pawan Munjal is the son of Brij Mohan Lall Munjal, a sibling of Om Prakash Munjal.
Hero MotoCorp eyes 30 per cent sales via digital channels by 2030
Hero MotoCorp, India's largest two-wheeler maker, aims to achieve 30% of its sales through digital channels by 2030. It has augmented the user interface of digital channels to help meet this goal and invested significantly in advanced analytics, AI and automation technologies. Hero MotoCorp produced 5.3 million units in 2022-23 and aims to increase that to over 6.5 million two-wheelers for domestic and export purposes by 2023-24.
India Inc flagships are giving older chiefs more time at the helm
Senior executives in their late 50s and 60s are receiving longer tenures in India's business sector after the COVID-19 pandemic. Older CEOs of companies having mature and complex business streams and balance sheets are being appointed or having their appointment terms extended by risk-averse India Inc boards who increasingly value perseverance over panache.
Harley Davidson to have a key role in Hero MotoCorp's premium play: Pawan Munjal
Hero MotoCorp's chairman, Pawan Munjal, believes that Harley Davidson will be instrumental in expanding the company's presence in the premium motorcycle segment. Munjal expressed the possibility of further partnership expansion on a global scale once the initial product successfully satisfies customers in India. Hero MotoCorp is launching the Harley Davidson X440, with a Hero-branded product on the same platform coming later in the year.
Hero MotoCorp bets on Harley partnership, record product launches to strengthen premium segment
Hero MotoCorp Executive Chairman Pawan Munjal said the company is in the process of introducing a record number of new products in the premium segment (150cc-450cc) over the next two years to get to its "rightful place" in the vertical.
MCA orders probe against Hero MotoCorp
The probe initiated under 'public interest' will investigate "the true ownership of certain linked companies that may have promoter interests, and likely breaches of corporate governance norms at the behest of promoters," said an official source.
Hero Moto to step up premium play with a dozen launches this fiscal
As part of this, the company plans its biggest ever product onslaught of nearly a dozen new motorcycles and scooters in the current financial year.The biggest of these will be the return of the iconic Karizma and the first motorcycle the company has co-developed with cult American bike maker Harley-Davidson.
Hero MotoCorp grooming internal talent as part of its succession plan
"This is a good strategy to have. It provides growth opportunities to internal people, while at the same time helping retain the cultural ethos and DNA of the company. It keeps Hero future-ready, nimble and progressive, while ensuring growth for employees internally", said a senior executive at a global executive coaching firm.
Hero MotoCorp appoints Niranjan Gupta as new CEO
Pawan Munjal will continue as executive chairman . Niranjan Gupta currently is the Chief Financial Officer (CFO), Head - Strategy and M&A at the company.
Hero MotoCorp to collaborate with US-based Zero Motorcycles on premium electric bikes
In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in California-based Zero Motorcycles, a leading player in electric motorcycles and powertrains.
View: Budget 2023 sets the stage for India to become a developed nation by 2047
From long-term sustainability goals to the medium-term focus on infrastructure, digitisation and technology, this holistic budget clearly outlines the pillars of India's progress towards its vision of being a developed nation by 2047.
Hero MotoCorp Chairman Pawan Munjal hails Union Budget; seeks GST cut on two-wheelers
Hero MotoCorp Chairman Pawan Munjal has called for a reduction in GST on two-wheelers to 18 per cent from current 28 per cent, while lauding the Union Budget 2023-24 as the dawn of a new high-growth economy, ensuring India's increased contribution to the global economy.
'Let's go around the nation and go global with our e-vehicles'
Vida, not just Vida V1, is a premium brand. Vida has its own identity and it ensures peace of mind through the product, platform and services. Our aim is to provide customers an unparalleled experience. Vida will expand the EV category and once the volumes are much higher, we will look at other customer segments and cater to them through different products, even affordable ones, maybe.
'Hero Moto's E-bike has an edge with its worry-free ecosystem'
Vida, not just Vida V1, is a premium brand. Vida has its own identity and it ensures peace of mind through the product, platform and services. Our aim is to provide customers an unparalleled experience. Vida will expand the EV category and once the volumes are much higher, we will look at other customer segments and cater to them through different products, even affordable ones, maybe.
Hero Moto will bring in more affordable e-bikes in future: Pawan Munjal
The Vida V1 Plus and Pro will offer top speed of 80 km/hr and a range of 143 km and 165 km respectively. The scooter has a removable battery and also with a portable charger, for ease of charging. The company additionally is setting up a network of fast-charger with facility to top up charge at 1.2 km/minute.
Hero MotoCorp, Hindustan Petroleum partner to set up charging infrastructure for electric vehicles
The companies will first set up charging stations in select cities and then expand to other key markets with the aim of establishing a high density of EV charging station network across the country. The companies will also first establish charging infrastructure at HPCL’s existing network of energy stations, following which they will likely broaden the collaboration for supplementary business opportunities, it added.
Hero MotoCorp eyes leadership position in electric two-wheeler segment
The company, which currently leads the traditional two-wheeler segment globally in terms of volumes, is looking to foray into the electric segment in the upcoming festive season. Hero MotoCorp had last year crossed the 100 million cumulative production milestone since its inception in 1984.
Hero MotoCorp launches Euro-5 compliant variants in Turkiye
The company's product range in Turkiye, where it is present since 2014, includes the Xpulse 200 motorcycle, Dash 110 and Dash 125 scooters, which are sold through a network of over 100 touchpoints.
Safety most important for EVs, says Hero MotoCorp CEO Pawan Munjal
Speaking at a CII event, the veteran industry leader noted that the automotive industry is moving towards electrification and availability of optimal infrastructure and power, ecosystem, government subsidies and disposal of EV waste are going to play a crucial role ahead.
India Inc must think outside of sops, subsidies and boost competitiveness: CII President
He pointed out that recalibration of global supply chains presents an opportunity for the industry to embed itself more firmly in the international arena and expand its global footprint.
Hero Motocorp shares tumble over 6%
The Income Tax Department has found alleged illegal business expenses of over Rs 800 crore, Rs 60 crore "unaccounted" cash used to purchase land in Delhi and role of some shell companies after it raided Hero Motocorp and two other groups, officials said on Thursday.
Hero MotoCorp & CMD Munjal under I-T lens: Sources
The company's share price dropped 7.08% on Tuesday on the BSE to ₹2,208.35 following reports of the tax department's early findings following scrutiny of the documents collected during searches last week.
Hero Motocorp says visit by Indian tax authorities was 'routine'
The company, the largest two-wheeler manufacturer in the world, said it was cooperating with the tax authorities. Its shares closed down more than 1% in a largely weak broader market. Local media reported the visits were made as part of an investigation into possible tax evasion.
Income Tax department conducts searches at the office of Hero MotoCorp, Pawan Munjal
Sources in the Income Tax department said that a team of officials have reached multiple locations related to office premises of Hero motocorp, in Gurugram, Delhi and also residence of executives of the company. While tax officials have maintained that these searches are in connection with alleged tax evasion, they refused to divulge further details on that.
Income Tax department raids Hero MotoCorp premises
Offices and residential premises of the promoters including chairman and CEO of the group Pawan Munjal in Gurugram, Haryana, Delhi and few other locations are being covered, they said.
Hero Group Case: SC refuses to interfere in HC order on arbitration
The country's largest two-wheeler maker Hero MotoCorp had approached the Supreme Court to challenge the Delhi High Court's order with the argument that it was not a party to the arbitration agreements.
Hero MotoCorp unveils brand ‘Vida’ for emerging mobility solutions
Unveiling the new brand logo and the ‘sunrise’ visual identity of Vida, Powered by Hero, chairman & CEO Pawan Munjal said, “Vida means life, and the brand’s sole purpose is to create a positive impact on the world and move us all forward in meaningful ways.
Hero MotoCorp names Reema Jain as Chief Information & Digital Officer
Hero MotoCorp has appointed Reema Jain as the new Chief Information & Digital Officer to lead the technology-driven business transformation. She will strengthen the company's initiatives such as IT-related infrastructure, strategic planning, aligning digital strategies including the usage of new-age technologies.
Businesses need to adapt to new models, unconventional thinking, says Pawan Munjal
Munjal, who is the recipient of this year's AIMA JRD Tata Corporate Leadership Award, noted that the COVID-19 pandemic and the resultant unprecedented challenges and uncertainties in the supply chain call for sea changes in operating procedures.
Delhi HC refers to arbitration dispute between Munjals over use of Hero trademark
Justice Vibhu Bakhru, while dealing with the petition filed by Vijay Kumar Munjal and Hero Electric Vehicles Pvt Ltd under the Arbitration Act for appointment of an arbitrator, stated that former Chief Justice of India Justice Dipak Mishra, former Supreme Court judge Justice Indu Malhotra and former Delhi High Court judge Justice Indermeet Kaur shall constitute the 'Arbitral Tribunal' to adjudicate the disputes related to the Munjal Family Settlement Agreement and Trade Marks and Name Agreement.
Hero Electric withdraws petition against Hero MotoCorp for use of 'Hero' brand for EVs
ET was the first to report, in July 2019, about Pawan Munjal’s nephew Naveen Munjal citing exclusive brand rights over green vehicles. Claims and counter-claims over brand use have begun to feature prominently in the media after Hero MotoCorp announced plans to launch an electric vehicle in the fourth quarter of the ongoing financial year. The Pawan Munjal-led Hero MotoCorp is the market leader in ICE (Internal Combustion Engine)-enabled motorcycles and scooters, and has recently announced its foray into the EV segment.
Budget should focus on prioritising infrastructure led capex to facilitate broad-based recovery: Pawan Munjal
“MSME has been one of the sectors, most adversely affected by successive waves of coronavirus. To revive the sector, the Emergency Credit Line Guarantee Scheme (ECLGS) should be extended beyond March 2022 with additional funding support as it will ensure credit flow to MSMEs."
Oye Rickshaw plans to deploy over one lakh e-rickshaws this year, expand ops to 25 new cities
Oye Rickshaw is set to launch its operations in 25 new cities along with deploying 100,000 commercial EVs by 2022 to achieve the annual revenue run rate target of Rs 4,500 million, it added.
Time right for next set of technology giants to be born in India: Pawan Munjal
"While many new-age ideas have flown in from America, such as Amazon, Apple, Facebook, Netflix, Twitter, Uber, it is now time that we step up to the challenge and show the world that next set of technology giants will be born out of India," Munjal said.
Clean mobility & electric is going to define next decade: Pawan Munjal
At the higher end of the two-wheeler market, Hero MotoCorp will develop a range of premium motorcycles, which will be sold under the ‘Harley’ brand in India.
Lure of the electric tests resilience of Munjals' decades-old family agreement
Pawan Munjal-led Hero MotoCorp is the market leader in internal combustion engine motorcycles and scooters, and has recently announced its foray into EVs. Hero Electric, run by Naveen, has claimed that only his branch of the broader Munjal family has the right to use the term ‘Hero’ for electric products, and no other family member has that right.
Pawan Munjal can’t use ‘Hero’ tag for EVs, setback for new venture
Naveen, son of Pawan’s cousin Vijay Munjal, runs the Hero Electric two-wheeler business since 2007, and said his family received “global rights over the Hero brand name in perpetuity for electrics”, be it for personal-consumer use, or the commercial market.
GoMechanic raises $42 million in funding led by Tiger Global
The Series C funding round also saw participation from existing investors Sequoia Capital India, Orios Venture Partners and Chiratae Ventures.
CII elects Tata Steel CEO and MD T V Narendran as its new president
It also said that Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv Ltd, is now the President-designate of the chamber for 2021-22. Further Pawan Munjal, Chairman, and Chief Executive Officer, Hero MotoCorp Ltd., takes over as CII Vice President for 2021-22, it added.
Hero MotoCorp Q4 results: Net profit rises 39% YoY to Rs 865 cr, beats estimates; automaker to pay Rs 35 dividend
The company also reported a 39 per cent growth in revenue from operations to Rs 8,686 crore, which was above analysts’ estimates.
Hero MotoCorp tied up with Gogoro Inc for electric mobility solutions
The Gogoro Network is an open platform for battery swapping and smart mobility services. With more than 375,000 riders and 2,000 battery swapping stations, Gogoro Network manages 265,000 daily battery swaps. The company has registered more than 174 million total battery swaps to date.
Pawan Munjal believes communication is key, especially during these times, for bosses
Spreading positivity and being optimistic kept Munjal going in these tough times.
Hero has a huge focus on global business: Pawan Munjal
The CMD and CEO of Hero Motocorp wants to continue with the company’s generous dividend policy and be able to manage the big investment required for electrification as well.
ET Awards: Saluting the leaders when it is business as usual, more so when it is not
Over the years, winners of ET Awards have faced a variety of business landscapes, external challenges and market conditions.Each year, a distinguished jury of the top leaders from business, government and policymakers picks the winners, who are felicitated in a glittering ceremony in the presence of Ministers and the top echelons of corporate India.
ET Business Leader of the Year: Hero MotoCorp Chairman Pawan Munjal
Munjal, who dedicated the award to his father Late Brijmohan Lall Munjal, said the recognition has encouraged him to progress at an even faster clip to realize the company’s stated vision.
Hero eyes another 100mn milestone this decade: Pawan Munjal, MD & Chairman, Hero MotoCorp
The company will launch 50 products in the next five years, build collaborations with global partners and invest in technologies including electrification, under its vision to “be the future of mobility”, he said.
ET Awards' Business Leader of The Year Pawan Munjal: For this hero, 100 million’s just a number on the road to glory
Hero MotoCorp chairman Pawan Munjal, 61, went through a nightmarish two months in March and April, enforcing a force majeure on deals with vendors to navigate the nationwide lockdown, a move that faced opprobrium from stakeholders.
Hero MotoCorp to soon commence operations in Mexico, inks distribution pact with Grupo Salinas
The company, which recently surpassed 100 million units in cumulative production, has entered into a distribution agreement with Grupo Salinas, a group founded by Mexican entrepreneur Ricardo Salinas.
Hero MotoCorp may launch electric car as part of new future forward lineup
Hero MotoCorp, the leader in the Indian two-wheeler market, is fuelling up for the next leap in mobility. On the canvas could be connected, autonomous and shared commercial as well as personal platforms and products, which may include an electric car.
Pawan Munjal on Hero, Harley and premiumisation drive
Hero is focussed on premiumisation of its portfolio, but that is not the only way Hero is going. The utility products will continue to give the volumes
“We should never let a crisis go to waste”: Pawan Munjal, Hero MotoCorp
Even as industries world over faced unprecedented challenges last year amid the outbreak of the coronavirus pandemic, the country’s largest two-wheeler maker Hero MotoCorp took a relook at its operating models and defined new ways to expand.
Hero MotoCorp to launch 10 new models every year till 2025 to consolidate leadership position
The launches will include new products, variants, refreshes and upgrades. This is the 20th straight year that Hero MotoCorp managed to retain the title of the world’s largest two-wheeler manufacturer.
A vote of confidence from India Inc: Industry captains say worst is over for the economy
India’s GDP plunged by a record 23.9% in the first quarter ended June, posting its worst performance since quarterly reporting of data began in 1996. The picture has become slightly better since then with the automotive sector posting its first year-on-year sales growth in six quarters in August.
ShareChat closes $40 million in Pre-Series E funding to aid Moj's growth
This current round of funding will be utilised towards driving growth for Moj, the newly launched short video platform, ShareChat said.
ShareChat closes $40 million in Pre-Series E to aid Moj’s growth
This current round of funding will be utilised towards driving growth for Moj, the newly launched short video platform, it added. ShareChat said parts of the fund have been earmarked for doubling down on investments made towards product development, growing its creator ecosystem and establishing partnerships with music labels.
For two-wheeler companies, Diwali may arrive on a Mobike this festive season
Hero MotoCorp, Bajaj Auto, TVS Motor and Royal Enfield are major players who have charted out a new output plan for September-October, adding to their earlier Diwali plans drawn up in June-July. Continued preference for personal mobility choices and strong rural buying are manufacturers’ reasons for betting on a brighter Diwali.
Indian auto sector has opportunity to emerge as global hub, chance must not be wasted: Pawan Munjal
Speaking at the annual session of Auto Components Manufacturers Association of India (ACMA), Munjal said the auto sector can also lead the way for other industries in India in responding to Prime Minister Narendra Modi's "clarion call" for Aatmanirbhar Bharat.
Hero MotoCorp inches closer to pre-Covid sales in July, consolidates market share in domestic two-wheeler segment
In the first quarter of the current fiscal, the company’s market share in the domestic motorcycle segment has gone up to more than 55% - the highest-ever in the past 31 quarters, said Hero MotoCorp Chairman Pawan Munjal . Two of the company’s products - – Hero Splendor, HF Deluxe- are now India’s highest-selling two-wheelers, he added.
Must improve ease of business to be a global production hub: Industry captains
Disruption caused by the Covid-19 pandemic has thrown up opportunities for India to become a global manufacturing hub, though improving ease of doing business remains key to attracting global investors, industry captains said at the ET Global Townhall on
India can be a challenger to China and emerge as manufacturing hub of the world: Pawan Munjal
Munjal said India has the inherent advantage of having a large domestic market and can evolve into becoming a manufacturing hub for the world. “India can definitely become a challenger (to China). But right now, China has a long lead over us”, he said.
Compensation for two-wheeler honchos outpace modest company earnings for FY-20
While Venu Srinivasan of TVS Motor was an exception, as he took a pay cut, Pawan Munjal of Hero MotoCorp, Bajaj Auto’s Rajiv Bajaj and Siddhartha Lal of Eicher Motors, which owns Royal Enfield, took home higher salaries, as per the annual reports of the companies for fiscal 2020. The compensation includes basic salary, perquisites, allowances and commission.
Long-term story of India, 2-wheeler industry remains intact: Pawan Munjal, Hero MotoCorp
Sharing information with company shareholders, Hero MotoCorp Chairman Pawan Munjal noted that there remains ample growth opportunities for the company in domestic as well international markets. The company's investments in R&D over the past five years have been twice of that of other players in the industry, Munjal noted.
Rural demand drives Hero MotoCorp sales of 4.5 lakh units in June
Powered by growth from rural and semi-urban markets, Hero MotoCorp, the world's largest two-wheeler manufacturer has made wholesale deliveries of 4.50 lakh in June, which is 90 per cent of the pre-Covid levels.
GoMechanic gets funding from Pawan Munjal
The latest funding would be used by the company to strengthen its technology stack, fuel geographical expansion, streamline spare parts procurement and amplify brand promotion.
Ola Electric acquires Etergo, plans to launch own two-wheeler next year
With this deal, Ola Electric will now own the intellectual property, design and engineering capabilities of Etergo, which is known for making a fully electric AppScooter—the world’s first electric scooter to run Android apps with inbuilt GPS, access to 4G connectivity and electrically-controlled locks.
Manufacturing factories ready to roll under tough norms
After nearly a month and a half in lockdown, the country's mega manufacturing engine is taking baby steps towards opening factories, but under strict hygiene and social distancing norms.
Two-wheeler makers gear up to restart operations
Most of Hero MotoCorp's peers are likely to start manufacturing post after May 11. Honda Motorcycle and Scooter India (HMSI) is likely to take a call on the start of manufacturing in the next few days and have started reaching out to vendors to understand their preparedness.
Car pooling may take a back seat post coronavirus attack
Pawan Munjal, Pawan Goenka feel people will continue social distancing for some more time now. While daily commuters may prefer avoiding public transport, the possibility of job or salary cuts would weigh on their capacity to buy a personal vehicle.
Longer lockdown welcome, but India Inc wants govt to unlock industry, hope
India welcomed the extension of national lockdown till May 3 by Prime Minister Narendra Modi saying that it will flatten the curve but sought urgent financial help for the large sections of the industry struggling with little production and no demand.
How employers are allaying stress of staff working from home
Hero MotoCorp chairman Pawan Munjal has been one of the busiest corporate leaders during the lockdown, having addressed about 10 interactive townhall meetings with over 4,000 employees over video conferencing. “Given the challenging situation the automobile sector is in, it is important to understand the anxiety of our employees and show empathy,” Munjal said.
Hero MotoCorp, L&T pledge donations to PM-CARES Fund
“In such critical times, it is of utmost importance and urgency that we all come together and support the marginalised sections of the society, along with those who are in dire conditions,” said chairman Pawan Munjal.
Hero Group pledges Rs 100 crore for COVID-19 relief efforts
The Hero Group (BML Munjal family) companies contributing to this fund include Hero MotoCorp, Hero FinCorp, Hero Future Energies, Rockman Industries and Hero Electronix. Hero Enterprise and AG Industries have also contributed to this fund.
Load more news