![]() Later, in 2010, Hero Honda board of directors agreed to terminate the JV and Hero Honda was renamed to “Hero Motocorp”. ![]() Moreover, there were few more differences like Honda was reluctant to freely share the technology and Hero had to pay a high royalty to Honda. However, as per the agreement, Hero was not allowed to export bikes in the International market.With this agreement, Japanese company Honda agreed to share its technology for bike manufacturing in India. Hero was Established in 1984 as a joint venture between “Hero Group” and Japanese company “Honda”.Then we will analyse the valuations of the company to decide if it is worth investing in Hero Motocorp at current levels or not. So in this article, we will do the fundamental analysis of Hero Motocorp.Īs usual, we will start the fundamental analysis of Hero Motocorp by analyzing the company and management, competitive strength, future growth prospect and the financial analysis to decide if Hero Motorcorp is fundamentally strong or not. From Hero Honda CD100 in 1980s and 90s to Hero extreme, Hero motocorp has come a long way. Initially established as Hero Honda, it was later renamed to Hero Motorcorp. And within 2 wheeler, the biggest company in India is Hero Motocorp. ![]() Now within the auto sector, India is predominantly a 2 wheeler market with 80% of the auto sales from 2 wheeler. So you can imagine the size of the automobile industry in India and the future growth prospects. And it is expected to become the 3rd largest by 2030. India is the 5th largest automobile sector in the world.
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