Hero Motocorp History
Company History - Hero MotoCorp
1983 - Joint Collaboration Agreement with Honda Motor Co. Ltd. Japan signed
1984
- The Company was incorporated on 19th January, at New Delhi. The Company Manufacture motor cycles up to 100 cc capacity. The Company was promoted by Hero Cycles (P) Ltd. (HCPL).
- The Company entered into a technical-cum-financial collaboration agreement with Honda Motor Co. Ltd., Japan (HML). As per this collaboration agreement, HML was to furnish complete technical information and know-how and trade secrets and other relevant data.
- Hero Honda CD-100 is the first four stroke motorcycle to be introduced in India in 100cc range. Its most attractive features are fuel efficiency and its light weight. CD-100 will be equipped with electronic ignition system, illuminated speedometer, 4 speed gear box, neutral and flasher indicators, etc.
- 15 No. of equity shares subscribed for by the promoters, etc. In November, 119,99,985 No. of equity shares issued at par of which 71,99,985 shares reserved for allotment as under:
- (i) 31,19,998 shares to Hero Cycles (P) Ltd., Hero Investments (P) Ltd., and Bahadur Chand Investments (P) Ltd.
- (ii) 31, 20,000 shares to Honda Motor Co. Ltd., Japan and
- (iii) 9, 59,987 shares to friends and association of promoters. Out of the balance 48, 00,000 shares, 2, 40,000 shares were reserved for subscription by the employees of the Company and 96,000 shares by business associates. The remaining 44, 64,000 shares were offered at par for public subscription during November.
1985
- The Company embarked on its 2nd phase of expansion of increasing its installed capacity from 1, 20,000 to 1, 50,000 vehicles per annum by the addition of several critical aluminium and steel components.
1986
- 36, 00,000 rights equity shares issued at par in prop. 3:10.
1987
- The Company offered 6,00,000 - 15% secured redeemable non-convertible debentures of Rs 100 each for cash at par on rights basis in the
1983 - Joint Collaboration Agreement with Honda Motor Co. Ltd. Japan signed
1984
- The Company was incorporated on 19th January, at New Delhi. The Company Manufacture motor cycles up to 100 cc capacity. The Company was promoted by Hero Cycles (P) Ltd. (HCPL).
- The Company entered into a technical-cum-financial collaboration agreement with Honda Motor Co. Ltd., Japan (HML). As per this collaboration agreement, HML was to furnish complete technical information and know-how and trade secrets and other relevant data.
- Hero Honda CD-100 is the first four stroke motorcycle to be introduced in India in 100cc range. Its most attractive features are fuel efficiency and its light weight. CD-100 will be equipped with electronic ignition system, illuminated speedometer, 4 speed gear box, neutral and flasher indicators, etc.
- 15 No. of equity shares subscribed for by the promoters, etc. In November, 119,99,985 No. of equity shares issued at par of which 71,99,985 shares reserved for allotment as under:
- (i) 31,19,998 shares to Hero Cycles (P) Ltd., Hero Investments (P) Ltd., and Bahadur Chand Investments (P) Ltd.
- (ii) 31, 20,000 shares to Honda Motor Co. Ltd., Japan and
- (iii) 9, 59,987 shares to friends and association of promoters. Out of the balance 48, 00,000 shares, 2, 40,000 shares were reserved for subscription by the employees of the Company and 96,000 shares by business associates. The remaining 44, 64,000 shares were offered at par for public subscription during November.
1985
- The Company embarked on its 2nd phase of expansion of increasing its installed capacity from 1, 20,000 to 1, 50,000 vehicles per annum by the addition of several critical aluminium and steel components.
1986
- 36, 00,000 rights equity shares issued at par in prop. 3:10.
1987
- The Company offered 6,00,000 - 15% secured redeemable non-convertible debentures of Rs 100 each for cash at par on rights basis in the