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Hero Motors Shifts Focus to Integrated Engineering Solutions, Eyes Electric Mobility & Aerospace
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CNBC TV18•23-09-2026, 13:06
Hero Motors Shifts Focus to Integrated Engineering Solutions, Eyes Electric Mobility & Aerospace
- •Hero Motors is transitioning from a component maker to an integrated engineering solutions provider, leveraging partnerships with global players like ZF Foxconn, Mitsui, Sumitomo, and Yamaha.
- •Chairman Pankaj Munjal outlined the company's growth strategy, emphasizing deepening relationships with existing customers rather than aggressively acquiring new ones.
- •The company expects its business model to evolve significantly over the next two years, focusing on solutions-led offerings.
- •Electric mobility is a key growth area, with Hero Motors developing electric drive units (EDUs) and exploring synergies within the wider Hero group, including Hero Cycles' e-bike expansion.
- •Aerospace is identified as a new focus area, with plans to build precision engineering capabilities and collaborate with leading global players in the sector.
Key Questions Answered
Hero Motors made a subdued stock market debut on Wednesday, September 23, listing at ₹82 per share, which was a marginal discount of approximately 2.4% below its IPO issue price of ₹84.
Chairman Pankaj Munjal stated that the company plans to move beyond its traditional component-maker identity to become an integrated engineering solutions provider, leveraging partnerships with global players like ZF Foxconn, Mitsui, Sumitomo, and Yamaha.
Hero Motors is targeting electric mobility by working on electric drive units with synergies from the wider Hero group, and it has identified aerospace as a new focus area to build precision engineering capabilities.
