Hero Motors Ltd

Hero Motors Limited was incorporated in the name of Hero Briggs & Stratton Auto Private Limited' as a Private Limited Company, dated April 30, 1998. Thereafter, the Company changed the name to Hero Auto Private Limited' and a fresh Certificate of Incorporation dated April 10, 2003 was issued by the Registrar of Companies, Delhi and Haryana. Again, the name changed to Hero Auto Limited' upon conversion to a Public Limited Company on October 30, 2003 and pursuant to fresh Certificate of Incorporation dated September 15, 2004 issued by the Registrar of Companies, Delhi and Haryana, the Company name was changed to Hero Motors Limited'. Hero Motors Limited is a fully integrated powertrain systems provider offering comprehensive solutions for designing, prototyping, validating, developing, and delivering system-level transmission solutions for electric as well as nonelectric powertrains. Their operations are organized into: Powertrain Solutions; and Alloys and Metallics (A&M) business segments. 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 Company commenced operations in 2001 with the A&M segment, focusing on sheet metal component manufacturing, machining of casting products and other sheet metal components. It entered into powertrain solutions segment in G&T and subsequently partnered with a US-based technology company, Enviolo, which owns patented technology known as continuous variable planetary transmission (CVP) or continuous variable transmission (CVT) in the automotive sector to grow the powertrain business further. The Company formed a joint venture with 'Yamaha Motors-Japan' in 2021 to manufacture electric motors which commenced operations in 2022. In 2023, the Company launched a transmission manufacturing facility at Samut Prakan, Thailand, expanding gearbox supply within the ASEAN region. In 2023, the Company acquired STPL, a company focusing in manufacturing components for high-end bikes and e-bikes and further ventured into the electric drive unit (EDU) division for micro-mobility. The Company is planning to raise funds from public through Initial Public Offering aggregating upto Rs 900 Crore Equity Shares, comprising a Fresh Issue of Rs 500 Crore and Offer for Sale upto Rs 400 Crore.