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Key Policies

A company that believes in maintaining ecological standards along with business standards.

"We must do something for the community from whose land we generate our wealth." - Chairman Dr.Brijmohan Lall Munjal.

At Hero MotoCorp, our goal isn't limited to business but encompasses the broader spectrum of serving humanity through social initiatives. Hero MotoCorp takes a stand as a socially responsible enterprise respectful of its environment.

Hero MotoCorp has been strongly devoted not only to environmental conservation programs but also expresses the increasingly inseparable balance between economic concerns, environmental and social issues faced by business. A business must not grow at the expense of mankind but must serve humankind at large.

Environment Policy

We at Hero MotoCorp have been committed to demonstrate excellence in our environmental performance on a continuous basis, as an intrinsic element of our corporate philosophy

To achieve this we commit ourselves to:

  • Integrate environmental attributes and cleaner production in all our business processes and practices with specific consideration to substitution of hazardous chemicals and strengthening the greening of supply chain.
  • Continue product innovations to improve environmental compatibility.
  • Comply with all applicable environmental legislation and also controlling our environmental discharges through the principles of "alara" (as low as reasonably achievable).
  • Institutionalize resource conservation in the areas of oil, water, electrical energy, paints and chemicals.
  • Enhance environmental awareness of our employees and dealers / vendors, while promoting their involvement in ensuring sound environmental management.

Quality Policy

Excellence in quality is the core value of Hero MotoCorp philosophy.

We are committed at all levels to achieve high quality in whatever we do, particularly in our products and services which will meet and exceed customer's growing aspirations through:

  • Innovation in products, processes and services.
  • Continuous improvement in our total quality management systems.
  • Teamwork and responsibility.

Safety Policy

We believe that safe work practices lead to better business performance, motivated workforce and higher productivity.

We shall create a safety culture in the organization by:

  • Integrating safety and health matters in all our activities.
  • Promoting safety and health awareness amongst employees, suppliers and contractors.
  • Continuous improvements in safety performance through precautions be sides participation and training of employees.
  • Ensuring compliance with all applicable legislative requirements.
  • Empowering employees to ensure safety in their respective work places.

Vigil Mechanism / Whistle Blower Policy

Hero MotoCorp Limited (hereinafter referred to as "HMCL" or "Company" in this document), believes in promoting a fair, transparent, ethical and professional work environment. Towards this end, the Company has adopted the Code of Conduct (hereinafter referred to as "Code"), which lays down the principles and standards that govern the Company and its employees. Any actual or potential violation of the Code, insignificant or perceived, would be a matter of serious concern for the Company. The role of the stakeholders of the Company in pointing out the violation of the Code is an important one.

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Code of Ethics (For Employees)

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Remuneration Policy

The purpose of this Policy is to establish principles, parameters and Governance framework of remuneration for Directors, KMPs, Senior Management Personnel and Employees. This policy will assist the Board and Nomination and Remuneration Committee ('NR Committee') to fulfil its responsibility towards attracting, retaining and motivating Directors, KMPs, Senior Management Personnel and Employees through competitive remuneration in line with the corporate and individual performance. The policy has been framed in compliance with the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI regulations").

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Related Party Transactions Policy

Hero MotoCorp Ltd. (hereinafter referred to as HMCL or the company) recognizes that Related Party Transactions can present potential or actual conflicts of interest and may raise questions about whether such transactions are consistent with the Company and its shareholders’ best interests and in compliance to the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations).

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Corporate Social Responsibility Policy

The Board of Directors (the "Board") of Hero MotoCorp Limited (the “Company”) has adopted the following policy and procedures with regard to Corporate Social Responsibility. The Board may review and amend this policy from time to time subject to the recommendations of Corporate Social Responsibility Committee.

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Code of practices and procedures of fair disclosure of unpublished price sensitive information

This Code of practices and procedures of fair disclosure of unpublished price sensitive information ("Code") is framed pursuant to Regulation 8(1) of SEBI (Prohibition of Insider Trading) Regulations, 2015 ("Regulations"), as amended from time to time. This Code has been framed with an aim to ensure fair disclosure of unpublished price sensitive information, that Hero MotoCorp Limited ("Company") would follow in order to adhere to each of the principles set out in Schedule A to the Regulations without diluting the provisions of the Regulations in any manner, by the Company to the Stock Exchanges and disseminate on a continuous and prompt basis.

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Policy On Material Subsidiaries

The Board of Directors (the "Board") of Hero MotoCorp Limited (the “Company”) has adopted the following policy and procedures with regard to determination of Material Subsidiaries. The Board may review and amend this policy from time to time.

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Policy for Preservation of Documents & Archival

The Policy for preservation and archival of documents (hereinafter referred to as "Policy") has been formulated in accordance with Regulation 9 and 30(8) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as "Listing Regulations").

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Policy for Determination of Materiality for Disclosure of Events or Information

The Policy for determination of materiality for disclosure of events or information (hereinafter referred to as “Policy”) has been formulated pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “Listing Regulations”) as applicable and amended from time to time.

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Dividend Distribution Policy

Rationale for the Policy - Hero MotoCorp Limited ("the Company") is in the business of development, manufacturing, marketing, sale and distribution of two-wheelers and its parts since 1984.The Company’s strategyis to build a robust product portfolio of mobility solutions across categories, explore growth opportunities in both domestic market and globally, aggressively expand reach to customers and ensure customer satisfaction. The Company strives to make positive contribution to society it operates in, through its sustainable and green manufacturing initiatives and its active social responsibility programmes.

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