The company is presently headed by Pawan Munjal, Chairman, Managing Director & CEO. The joint venture with Honda helped them become the largest two-wheeler manufacturer in the world. They grew by setting up dealer networks through family members and associates. ![]() By 1975, they became the largest bi-cycle manufacturers in India. He and his family relocated to Ludhiana and set up their first venture called Hero Cycles which made bicycles. Brijmohan Lall Munjal,(1923-2015) was born in Kamalia (now part of Pakistan). Honda also refused to merge the Joint venture firms' spare parts business with Hero Motorcycle and Scooters India Ltd. Differences of opinion started a few years before the split due to Honda’s refusal to provide technology free despite a 10-year tie-up that was to end only by 2014. ![]() Hero Group agreed to buy the 26% stake of Honda. The termination process was to be executed in a phased manner. In 2010, the Director Board of Hero Honda decided to terminate the agreement with Honda Motors following differences of opinion.
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