HMC has collaborated with companies such as ZFFoxconn, Sumitomo Corporation, Yamaha, BMW, Ducati, Harley-Davidson, Bosch, and Stellantis. Hero Motors Company (HMC) showcased its mobility solutions at the Bharat Mobility Expo 2025, held from January 17th to 22nd at Bharat Mandalam. HMC highlighted its innovations and partnerships, aiming to establish India as a global hub for cycle and e-cycle production. The company emphasised its commitment to sustainable mobility and advanced engineering, addressing the growing e-cycle market and overall bicycle market in India.
Prime Minister Narendra Modi inaugurated the six-day Bharat Mobility Expo 2025 on Friday. He stated that the future of mobility belongs to India, citing the country's significant vehicle sales and foreign direct investment. India recorded sales of 2.5 crore vehicles annually and attracted USD 36 billion in foreign direct investment over four years.
HMC invited attendees to visit its exhibit at Hall No. 4. The company has been a prominent player in the two-wheeler manufacturing industry since 1956. It has evolved into a global provider of advanced engineering and mobility solutions.
Collaborations
HMC has collaborated with companies such as ZFFoxconn, Sumitomo Corporation, Yamaha, BMW, Ducati, Harley-Davidson, Bosch, and Stellantis. These partnerships have enabled HMC to consistently deliver innovation and quality. The company employs over 7,500 professionals globally. The HMC Group comprises 10 companies across six industries, operating in 18 locations worldwide, with annual revenue of USD 710 million.
“We are driven by a vision to revolutionise mobility through innovation and sustainability, making India a hub for both cycle and e-cycle production. The e-cycle market, in particular, is the fastest-growing segment in the EV space, outpacing global sales of electric cars and scooters. The Bharat Mobility Expo is an exceptional platform to demonstrate our capabilities, foster partnerships, and collectively shape the future of transportation in India. By focusing on advanced manufacturing, quality standards, and accessibility, we aim to empower communities and redefine cycling and mobility for generations to come,” said Pankaj Munjal, Chairman and Managing Director of Hero Motors Company.
The Indian e-cycle market, currently valued at USD 1.2 billion, is experiencing a compound annual growth rate (CAGR) of 9.94%. It is projected to see a 50% increase in manufacturing capacity by 2026. While global e-cycle adoption is more advanced, India is catching up, particularly in major cities like Delhi, Mumbai, and Bangalore. These cities are witnessing double-digit annual growth in e-cycle adoption.
“We believe that cycling is not just a sport or hobby but a sustainable and efficient mode of urban transport. Recognising challenges like inadequate infrastructure and high taxation, we advocate for policies that promote cycling culture in India. Our commitment to safety, innovation, and premium-quality bicycles ensures that we continue to lead in providing world-class cycling experiences tailored to modern lifestyles,” stated Ashwani Gautam, CEO of Firefox, a brand associated with HMC.
The overall bicycle market in India is projected to grow by 5.34% between 2025 and 2029, reaching a market volume of USUSD 5.2 billion in 2029. Factors such as increasing urbanisation, health consciousness, and the convenience of online bike sales are contributing to this growth.
Product displays
At the Expo, HMC displayed its automotive components, including chassis module systems, rear hub motors, disc and drum brakes, handlebars, and seat posts. These showcased the company's precision engineering and commitment to urban and rural mobility. HMC also presented its vision for last-mile connectivity solutions, aiming to connect urban and rural transport systems.
HMC’s participation in the Bharat Mobility Expo aligned with the event’s focus on innovation and sustainability in transportation. The Expo served as a platform for collaboration and knowledge sharing among policymakers, industry leaders, and innovators. HMC aimed to contribute to the global transportation ecosystem through transformative solutions and partnerships.
Building innovations
HMC is investing in research and development, smart manufacturing, and global partnerships to position India as a global hub for cycle and e-cycle manufacturing. The company emphasises sustainability, technological excellence, and global expansion. HMC aims to reshape the global mobility landscape and align its business interests with India’s vision for sustainable urban mobility.
The company supports government initiatives like GST reductions, infrastructure development, and promotional campaigns to encourage cycling. These initiatives could boost domestic demand and global competitiveness.
