Hero Cycles facts for kids
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| Private company | |
| Industry | Bicycles |
| Founded | 1956 |
| Founder |
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| Headquarters | Ludhiana, Punjab, India |
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Key people
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Pankaj M Munjal |
| Products | Bicycles |
| Revenue | ₹26 billion (US$440 million) 2017–2018 |
| Total assets | ₹76.40 billion (US$1.3 billion) (2017–2018) |
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Number of employees
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7610 |
| Parent | Hero Motors Company |
Hero Cycles Limited is a big Indian company. It makes bicycles and bicycle parts. The company is based in Ludhiana, Punjab. Pankaj M Munjal is the leader of Hero Cycles.
The Story of Hero Cycles
Hero Cycles started in 1956. It began by making bicycle parts in Ludhiana, Punjab. Today, Hero Cycles is one of the world's largest bicycle makers. They produce over 18,000 bicycles every day!
Hero Cycles is part of a larger group called Hero Motors Company. By 2016, Hero Cycles was selling bikes to more than 70 countries. The company has special certificates for quality and environmental care.
Hero Cycles also makes bikes for other brands. This is called "white label manufacturing." They also sell their own motorcycles under the Hero and UT brands. In 2015, Hero Cycles bought the Firefox bicycle brand.
Hero Cycles also expanded internationally. In 2015, they bought a big part of Avocet Sports Ltd. This UK company sells bikes, electric bikes, and bike parts. Avocet launched its own bike brand, Insync Bikes, in 2018. In 2019, Hero also bought a large share of HNF-Nicolai. This German company makes electric bikes. In 2016, Hero bought 60% of BSH Ventures, a bicycle maker in Sri Lanka.
In 1986, the Guinness World Records named Hero Cycles the largest bicycle maker in the world. This was because they produced more bicycles than any other single company.
Hero Cycles Family
Hero Cycles is part of the Hero Motors Company (HMC). This is a group of different companies.
The HMC family includes many organizations. Some of these are Hero Cycles Ltd., Avocet Sports (from the UK), BSH (from Sri Lanka), and Firefox Bikes. Other companies in the group are Spur, HGD, Hero Motors, Munjal Hospitality, Munjal Kiriu, ZF Hero, and OMA.
Where Hero Cycles Makes Bikes
Hero Cycles and its related companies have factories in several places:
- Hero Cycles, Ludhiana, Punjab
- Hero Cycles, Ghaziabad, Uttar Pradesh
- Hero Cycles, Bihta, Bihar
- BSH Ventures Pvt. Ltd., Sri Lanka
- ZF HERO Chasis Systems, Pune, Maharashtra
- ZF HERO Chasis Systems, Chennai, Tamil Nadu
- Munjal Kiriu, Manesar, Haryana
- Munjal Kiriu, Ahmedabad, Gujarat
See also
- Hero Motors company
