Difference between revisions of "Hero-Majestic"

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[[Category: Hero-Majestic]]
[[Category: Hero-Majestic]]
[[Category: Moped Brands]]

Latest revision as of 15:12, 16 January 2017

Taken from Myrons Mopeds

Exerpt from http://en.wikipedia.org/wiki/Hero_Motors

Hero Motors is a former moped and scooter manufacturer based in Delhi, India. It is a part of multinational company Hero Group, which also currently owns Hero Motocorp (formerly Hero Honda) and Hero Cycles, among others. Hero Motors was started in the 1960s to manufacture 50 cc two-stroke mopeds but gradually diversified into making larger mopeds, mokicks and scooters in the 1980s and the 1990s. Noteworthy collaborators and technical partners were Puch of Austria and Malaguti of Italy. Due to tightening emission regulations and poor sales, Hero motors have discontinued the manufacture of all gasoline powered vehicles and transformed itself into an electric two-wheeler and auto parts manufacturer.

Excerpt from http://en.wikipedia.org/wiki/Hero_MotoCorp

Hero Motocorp Ltd., formerly Hero Honda, is an Indian motorcycle and scooter manufacturer based in New Delhi, India. The company is the largest two wheeler manufacturer in the world. In India, it has a market share of about 46% share in 2-wheeler category. The 2006 Forbes 200 Most Respected companies list has Hero Honda Motors ranked at #108. On 31 March 2013, the market capitalisation of the company was INR 308 billion (USD 5.66 billion). Hero Honda started in 1984 as a joint venture between Hero Cycles of India and Honda of Japan. In 2010, when Honda decided to move out of the joint venture, Hero Group bought the shares held by Honda. Subsequently, in August 2011 the company was renamed Hero MotoCorp with a new corporate identity. In June 2012, Hero Motocorp approved a proposal to merge the investment arm of its parent Hero Investment Pvt. Ltd. into the automaker. The decision comes after 18 months of its split from Honda Motors.

Majestic Auto 1990's logo Majestic Auto – 90’s Excerpt from http://www.majesticauto.in/aboutus.html

Majestic Auto Limited (MAL): The company was originally incorporated as a private limited company on 23.4.1973 under the name “Majestic Gears (P) Limited”. It was manufacturing various bicycle components for M/S Hero Cycles Pvt. Ltd. It was promoted by Sh. Satyanand Munjal, Sh.Brijmohan Lall Munjal and Sh. Om Parkash Munjal of Hero Cycles Limited. The company, having understood the requirement of Indian markets of two wheeler industry, decided to go in for producing of a suitable moped in the year 1975. This company converted to a public limited company on 2nd April,1977. The name of the company had been changed to M/s Majestic Auto limited and a fresh certificate of incorporation was obtained on 9th August,1977. In 1978, the company diversified into the manufacture of 49cc mopeds under the brand name of “Hero Majestic”. The Company has since then recorded a phenomenal growth, every year, in its production capacity. The Company became full-fledged public limited company on 29th October 1985.

Majestic Auto 2010's logo Majestic Auto Limited logo 2014 MAL, established in 1973, is a part of India’s well-known Hero Group of Companies comprising 30 companies, each one having established its own respective production line in India and in International Market. The turnover of the Hero Group in 2004-2005 was over US $ 4 Billion. Hero Group of Companies have a number of prestigious collaboration to their credit namely Honda Motors and Showa of Japan. MAL has diversified in 1999 in the field of Fine Blanked Components in technical collaboration with Feintool of Switzerland. Company is supplying components for the major automobile companies of India like Maruti, Tata Motors, Mahindra & Mahindra, Ford, Toyota & General Motors, Bosch India, Hero MotoCorp, Fiat and Force Motors. MAL has further established a modern unit to manufacture various types of silencers for Hero Motorcycles, Stator & Rotor assembly for LG Electronics and Tecumseh.