Hero Bicycles

About Hero Bicycles

Hero Cycles was founded in Ludhiana in 1956 by the late Shri Om Prakash Munjal, whose vision and business sense enabled the company to expand to the stage where the company stands now. Hero Cycles is the market leader in India with a market share of more than 43 percent and an annual manufacturing capacity of over 7.5 million cycles.

With the 380-acre Hero Industrial Park in Ludhiana, Hero Cycles has taken the turn towards India and a self-sufficient future, as Mr. O.P. Munjal had wished. Hero follows by supplying the home market with goods that meet export standards. Even if the company settled up its empire, it did not leave to adapt to evolving times. Hero Sprint was created in this way.

By acquiring Avocet Sports, HNF, and Firefox Bikes, Hero Cycle has also ventured into the European market, the electric cycle market, and the premium cycle industry.

Hero Cycles' dedication to raising the bar for itself has earned the company a spot in the Guinness Book of World Records and the affection of millions of cyclists.

Historical Key Milestones

1956 - Hero Cycles' journey begins in Ludhiana with a manufacturing facility for bicycle parts and assembly.

1986 - For manufacturing 18,500 cycles in a single day, the company set a world record and entered into the Guinness Book of World Records.

2007 - Hero Joint Ventured with Kiriu Corporation.

2010 - Hero Joint Ventured with ZF India Pvt. Ltd.

2012 - Hero Manufactured over 130 million units.

2014 - The company inaugurated a manufacturing facility in Bihar with a capacity of a whopping 1 Million units.

2015 - Hero Cycles acquired Firefox bikes.

2016 - Hero acquired two international brands - UK-based Avocet and Sri Lanka-based BSH ventures.

2017 - Hero Launched the Hero Sprint Store.

2018 - Hero entered into the e-cycle sector and launched Hero Sprint Pro

2019 - Hero launched India's first motor performance e-cycle with Yamaha India.

2020 - Crossed the milestone of producing 150 million cycles from the Ludhiana plant alone.

2021 - Hero Joint ventured with Yamaha India Ltd to produce e-cycle drive motors.

Recent Breakthroughs

The company has acquired a 48% stake in Germany-based HNF Nicolai and has begun delivering its first batch of Made in India e-bikes to Europe under the HNF brand. Additionally, the MD of Hero Cycles announced a staggering $1 Billion investment to increase its production capacity and product offerings. Last but not least, Hero Cycles is actively working on expanding its portfolio of electric pedal-assisted cycles (EPAC), with plans to introduce over 20 new products in India in the coming months.

Hero Cycles Price in India

Hero Cycles caters to both budget-conscious buyers as well as premium customers. The Hero Daisy 12T is the most affordable cycle in India for Rs 4,000 and the Most Expensive one is the Lectro Winn X which is available at Rs 49,999. The following is the pricing of popular Hero Cycles in India -

Hero Riot is available at Rs 9,999

Hero Slingshot is priced at Rs 7,030

Hero Next is priced at Rs 6,190

Hero Ranger 26T FS VB is available at Rs 7,915