Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

Hero Motors Limited is one of India's leading automotive technology companies specialising in design, development, manufacturing, and supply of highly engineered powertrain solutions for automotive OEMs across the US, Europe, India, and ASEAN. Products deployed in two-wheelers, e-bikes, high-performance cars, off-road vehicles, electric and hybrid cars, heavy-duty vehicles, and eVTOL aircraft. Revenue ₹1,083 Cr (FY24). Promoters include Pankaj Munjal, Charu Munjal, and Abhishek Munjal. SEBI approval received September 12, 2025. Fresh issue proceeds earmarked for debt repayment (₹285 Cr), new machinery at Gautam Buddha Nagar plant (₹237 Cr), acquisitions, and general corporate purposes.