verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . february 2015 learn how and when to remove this template message not to be confused with hero group . hero cycles limited type private company industry bicycles founded 1956 headquarters ludhiana punjab india key people om prakash munjal products bicycles revenue 16.50 billion us 250 million 2010 2011 1 subsidiaries hero motocorp erik buell racing 49.2 % a subsidiary of hero motocorp website www.herocycles.com hero sprint along with hero razor back ne in the background hero bicycle at bhadrachalam hero cycles limited based in ludhiana punjab india is a manufacturer of bicycles and bicycle related products . 2 contents 1 history 2 see also 3 references 4 external links history edit hero group was established by the four munjal brothers namely om prakash munjal satyanand munjal late brijmohan lall munjal and late dayanand munjal . the brothers hailed from a small town called kamalia now in pakistan . the brothers established a business of bicycle spare parts in the year 1944 in amritsar . after partition and independence of india the brothers moved to ludhiana and started a bicycle unit called hero cycles in 1956 . by 1975 hero became the largest manufacturer of bicycles in india with a production of 7500 cycles per day . in 1984 hero group joined honda motors of japan to create hero honda motors limited which soon became one of the market leader in motor cycle sales in india . in 1986 hero cycles produces over 18 500 cycles a day the highest in global reckoning . with the 48 % share of the indian market this volume has catapulted hero in the guinness book of world records as the largest bicycle manufacturer in the world . by 2004 hero honda became the world s largest manufacturer of two wheelers with over 48 % market share in india . in august 2011 hero and honda parted company thus forming hero motocorp and honda moving out of the hero honda joint venture . in 2012 hero crossed the figure of 130 million cycles . see also edit hero motocorp references edit hero cycles to get into premium segment ; to export to us uk economic times . articles.economictimes.indiatimes.com . 7 august 2011 . retrieved 10 august 2011 . hero cycles ltd . herocycles.com . retrieved 10 august 2011 . external links edit hero cycles ltd. hero group this article about an indian company is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title hero cycles & oldid 740641605 categories cycle manufacturers of indiacompanies based in punjab indiaeconomy of ludhianavehicle manufacturing companies established in 19561957 establishments in indiaindian brandsindian company stubshidden categories articles needing additional references from february 2015all articles needing additional referencesengvarb from may 2014use dmy dates from may 2014pages using infobox company with unsupported parametersall stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 22 september 2016 at 10 01 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view