THEME NOTE

EXPANDING HORIZONS.
SHAPING TOMORROW.

With the strength and credibility of a global brand and the trust of more than 100 million customers, Hero MotoCorp is riding into the future to address the personal mobility needs – traditional and electric – of a bold new post-pandemic world. We are expanding horizons and strengthening our capabilities, with our eyes set firmly on reaching the next 100 million by 2030.

CORPORATE IDENTITY

RIDING INTO A
BETTER
TOMORROW

Hero MotoCorp (Hero) has been the largest manufacturer of motorcycles and scooters globally, for more than two decades. Over the past 10 years, we have rapidly expanded our capacity, geographic footprint, customer touch points and R&D capabilities to emerge as a truly global brand. We also entered into synergistic partnerships to strengthen our ecosystem and further fortify the future.

Global Brand

WORLD’S #1

Hero MotoCorp has been the world's largest two wheeler company for over two decades

48.3%

Indian motorcycle market share

34.6%

Indian two-wheeler market share

106 MILLION+

Cumulative sales to date

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COLLABORATION: HERO & HARLEY DAVIDSON

RIDING TOGETHER WITHOUT FEAR

We embarked on a collaborative journey in 2020 with one of the world’s most iconic brands – Harley-Davidson (H-D). Our Chairman and CEO, Dr. Pawan Munjal, pledged full support to H-D and its customers in India. We are going full throttle towards building a complete portfolio across engine capacities, aligned with our ambition of catering to the aspirational segment in the premium motorcycle market.

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KEY HIGHLIGHTS FY 2021-22

ROBUST PERFORMANCE
AMID CHALLENGES

29,802

CRORE Income

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3,368 CRORE

EBITDA

2,473 CRORE

PAT

9,528 CRORE

Contribution to exchequer

616 CRORE

R&D spend

88 CRORE

CSR spend

12%

Reduction in emissions

10%

Reduction in water consumption

8%

Reduction in waste generation

95%

Product recyclability

106.7

lakh kwh Clean energy generated

9.3%

Gender diversity

CHAIRMAN’S MESSAGE

CELEBRATING A
GLORIOUS JOURNEY

This year will see Hero MotoCorp claim its position in the exciting clean mobility space in a bold avatar. Hero MotoCorp will transform its leadership in the internal combustion engine (ICE) market into the electric vehicle space – globally!

Dr. Pawan MunjalChairman & CEO, Hero MotoCorp

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CORPORATE IDENTITY

AN EXCITING
DECADE OF

EXPANDING HORIZONS

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Growing manufacturing capacity

2011-12

3

facilities in India

2021-22

8

world-class facilities across the globe with facilities in Colombia and Bangladesh, assembly lines in several other countries in Africa and Latin America

Expanding global footprint

2011-12

4

countries

2021-22

43

countries

Enhanced reach

2011-12

2,600+

Customer touchpoints across the globe

2021-22

9000+

Customer touchpoints across the globe

Robust (R&D)

2011-12

~ 6700

sq. m small set-up in India

2021-22

~ 69,000+

sq. m state-of-the-art R&D centres in India and Germany

BUSINESS MODEL

STANDING TALL WITH
AGILITY AND STRENGTH

  • OUR CAPITALS
  • INPUTS
  • VALUE CHAIN
  • OUTCOME

OUR CAPITALS

FINANCIAL CAPITAL

Funds available to create value through production processes, or funds generated by operations. We have a strong, net debt-free balance sheet and we focus on efficient capital allocation.

MANUFACTURED CAPITAL

Our state-of-the-art infrastructure for two-wheeler production, logistics, warehousing, and sales.

INTELLECTUAL CAPITAL

Our knowledge base includes patents, trademarks, copyrights and innovative products & processes developed through R&D, improvement initiatives and collaboration with various institutions

HUMAN CAPITAL

The skills, knowhow, capabilities, experience, diversity and level of motivation of direct and contractual employees. We promote innovative thinking and equip employees with the right development tools and trainings.

SOCIAL AND RELATIONSHIP CAPITAL

Trust-based, mutually beneficial relationships with key stakeholders such as customers, vendors, society, government, and other brands in the ecosystem, which play a vital role in our success.

NATURAL CAPITAL

Natural resources such as air, water, energy, land and biodiversity, which are either utilised by us or impacted by our operations

INPUTS

FINANCIAL CAPITAL

`15,783 crore

Net Worth

MANUFACTURED CAPITAL

8 Manufacturing Facilities

~9.5 million Annual Capacity

`15,717 crore

Gross Block

INTELLECTUAL CAPITAL

`616crore

R&D Investments

1000+ Strong Team

500+ Patents

HUMAN CAPITAL

28,955 Business Associates

9,76,701 Cumulative training hours (34 hours per person)

`115crore

Investment into Human Capital

SOCIAL AND RELATIONSHIP CAPITAL

311 Suppliers

9,000+ Touchpoints across the Globe

`720crore

Advertising & Publicity Spend

`88crore

CSR Spend

NATURAL CAPITAL

1,370 lakh KWh Energy Consumed Including

106.66 KWh Renewable Energy

8,24,012 KL Water Consumption

5 GreenCo Rated Facilities

4 Indian Green Building Council (IGBC) Certified Facilities

VALUE CHAIN

WORLDCLASS R&D CAPABILITIES

RESPONSIBLE SOURCING AND SEAMLESS SUPPLY

AFTER SALES SERVICES/ SPARE PARTS

GREEN AND SUSTAINABLE MANUFACTURING PROCESS

LOGISTICS MANAGEMENT - DISTRIBUTION

BRANDING AND MARKETING EXERCISE

OUTCOME

FINANCIAL CAPITAL

`29,802crore

Investment into Human Capital

`3,369crore

EBITDA

`2,473crore

PAT

20.06% Return on Capital Employed (ROCE) Debt-Free

`95 Dividend Per Share

MANUFACTURED CAPITAL

Domestic Market Share

34.6% in Two-wheelers

48.3% in Motorcycles

INTELLECTUAL CAPITAL

125 Patents Filed in FY 2021-22

10 New Models Launched

HUMAN CAPITAL

94.4% Retention Rate

9.3% Gender Diversity Ratio

0.1% Lost Time Injury Rate

0 Fatalities

7 Complaints received under POSH and all resolved

SOCIAL AND RELATIONSHIP CAPITAL

9.05 Customer Satisfaction Index (on a scale of 10)

65.3 NPS

98.9% Customer Complaints Resolved

NATURAL CAPITAL

1st Motorcyle and Scooter Company to be Recognised by Dow Jones Sustainability Indices (DJSI) for Two Consecutive Years

17% Reduction in Energy Consumption

106.7 lakh KWh Clean Energy Generated

8.9% Reduction in Water Consumption

5,04,915 KL Water Recycled

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PRODUCT PORTFOLIO

CREATING A HERO
FOR EVERYONE

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SEGMENT-WISE PERFORMANCE

Motorcycles

Scooters

Deluxe

Entry

Premium

FUTURE READY

COLLABORATION: HERO & HARLEY DAVIDSON

RIDING TOGETHER WITHOUT FEAR

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EMERGING MOBILITY SOLUTIONS

INVESTING IN AN
ELECTRIFYING FUTURE

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RESEARCH & DEVELOPMENT

AUGMENTING CAPABILITIES FOR TOMORROW

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SUSTAINABILITY INITIATIVES

‘WE CARE’ FOR A BETTER FUTURE

We remain committed to making meaningful contributions towards shaping a better future. To create a shared future with all our stakeholders and build a sustainable enterprise, we focus on interventions across identified areas through the lens of sustainability to guide our strategic decision-making.

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CERTIFICATIONS, AWARDS AND RECOGNITIONS

GARNERING HONOURS
AND APPRECIATION

  • SOME OF THE KEY RECOGNITIONS RECEIVED DURING THE YEAR
  • HARLEY DAVIDSON PAN AMERICA 1250 S
  • ENVIRONMENT
  • HUMAN RESOURCE
  • CSR
  • OPERATIONS

SOME OF THE KEY RECOGNITIONS RECEIVED DURING THE YEAR

HARLEY DAVIDSON PAN AMERICA 1250 S

ENVIRONMENT

Haridwar and Halol Plants Certified as ZWL Facilities

Gurugram Plant Winner in ‘Within the Fence,’ for Water Conservation Initiatives

Halol Plant Achieved Energy Management System ISO 50001:2018 Certification

Neemrana Plant Awarded by CII ‘Most Innovative Environmental Project

HUMAN RESOURCE

Economic Times recognition for 'Best Workplaces for Women 2021'

  • Neemrana Plant Awarded the State Safety Award 2021 in the Rajasthan Factory Safety Award Outline 2021

CSR

  • Certificate of Appreciation from Hon. Governor of Haryana, Shri Bandaru Dattareya, for valuable contribution in combating the COVID-19 pandemic
  • Letter of Appreciation from the Office of the Medical Director, Lok Nayak Jai Prakash Narayan Hospital, Delhi, for support in establishing a 50-bed dedicated COVID-19 ward
  • Letter of Appreciation from Janakpuri Super Speciality Hospital, Delhi for support in establishing a 50-bed dedicated COVID-19 ward, including 20 ICU beds
  • Certificate of Appreciation from Republic Day CSR Awards for COVID-19 relief initiatives in Haryana
  • Commended by the Economic Times as ‘Best Workplace for Women 2021’
  • Mahatma Award for CSR Excellence
  • ‘CSR Shining Star Award’ from the Governor of Maharashtra

OPERATIONS

  • Haryana Skill Development Mission felicitated Dharuhera plant in the state skills competition, 2021
  • Certificate of Appreciation to Dharuhera plant's Gurukul for Best Placement from Automotive Skills Development Council of India
  • Won 3 GOLD awards in 9th CII National Competition of Gurugram plant
  • Recertification of Energy Management System ISO-50001:2018, ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 to Gurugram and Haridwar plants
  • CII National Award for Excellence in Energy Management to Haridwar plant
  • Haridwar plant certified for Food Safety Management System Certification (ISO 22000:2018) and also become the ‘First Plant in HMCL’ to be certified for FSMS
  • CII national safety practices competition 'Gold Award' bestowed on Neemrana plant
  • Neemrana plant team emerged as Winner in Zero defect with Zero effect competition conducted by CII
  • Certification for Productivity Improvement through TPS in VSME programme conducted by CII to Neemrana plant
  • State Safety Award 2021 by Government of Rajasthan for Parts business, Neemrana
  • Silver Medal in CII National Competition on Low-Cost Automation (LCA) to Halol plant
  • IMS recertification: ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 to Halol plant