Hero Motocorp Board appoints Niranjan Gupta as CEO: The Board of Directors of Hero MotoCorp announced the appointment of Niranjan Gupta as the company’s new Chief Executive Officer (CEO), effective May 1. Gupta, who is currently the CFO and Head of Strategy and M&A, will be promoted to the new position. Meanwhile, Pawan Munjal will remain the Executive Chairman and Whole-time Director on the Board.
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Niranjan Gupta has been instrumental in ensuring the financial stability of Hero MotoCorp amidst a highly competitive and ever-changing business landscape. His efforts have also helped the company form crucial partnerships with global brands like Harley Davidson and Zero Motorcycles. Gupta has over 25 years of leadership experience in a variety of industries, including consumer goods, metals and mining, and automobiles, as well as expertise in finance, mergers and acquisitions, supply chain, and strategy. Apart from his role in Hero MotoCorp, he also serves as a board member for Ather Energy, HMC MM Auto Private Limited, and HMCL Colombia. Prior to joining Hero MotoCorp, Gupta spent 20 years at Unilever in various global roles and three years at Vedanta Limited.
About the Hero MotoCorp:
Hero MotoCorp is an Indian multinational motorcycle and scooter manufacturer based in New Delhi, India. It is the world’s largest manufacturer of two-wheelers and is part of the Hero Group, which has diversified businesses ranging from financial services to renewable energy. Hero MotoCorp was established in 1984 as a partnership between Hero Cycles and Honda Motor Company of Japan. The company began manufacturing motorcycles in 1985 and has since grown to become one of the leading two-wheeler manufacturers in India and around the world.
Hero MotoCorp’s product portfolio includes a wide range of motorcycles and scooters, ranging from entry-level commuter bikes to high-performance sports bikes. With the launch of the Hero Electric range of electric scooters, the company has also expanded into the electric vehicle segment. Hero MotoCorp has a strong presence in India and exports its products to over 40 countries around the world. The company has manufacturing facilities in India, Bangladesh, and Colombia, and has plans to expand into other markets in the future. Hero MotoCorp has also been recognised for its dedication to sustainability and for implementing numerous initiatives to reduce its environmental footprint.