This association had transformed India into a motorcycle market, and, in the process, consigned geared scooters into the annals of history. This stability is a far cry from five years ago when, on January 1, 2011, Hero and its Japanese partner Honda Motor Company parted ways after an extremely successful joint venture-Hero Honda-that lasted 26 long years. And it is also evident that he is able to look forward because Hero MotoCorp’s present is secure and under control. “We need to be very mindful and aware of what is going on in that space-which way the world is moving and the kind of things that are happening-to stay ahead of the curve.” We met the industrialist at his South Delhi Panchsheel residence, heavily populated with paintings, sculptures and figurines that cut across multiple cultures.ĭuring the course of the conversation, it became clear that the 61-year-old Munjal’s focus is the road ahead. “Hero MotoCorp is a mobility company and it is one of the top three disrupted sectors in the world today,” he says during a two-hour-long interview in early September. The reason, Pawan Munjal, chairman, managing director (MD) and CEO of Hero MotoCorp, tells Forbes India, is quite simply to not be taken by surprise in the future. Though the company has previously undertaken scenario planning-that is, infusing flexibility in long-term plans-this was the first time that such an elaborate exercise was attempted. The team also met a variety of stakeholders deeply involved in new tech-the Internet of Things, self-driving cars, for instance-and visited world-class laboratories and incubators in and around Boston. The course focussed on two areas: How the mobility space will shape up in the future and, in that context, how they should revisit their present business. On September 7 this year, 29 Hero MotoCorp executives-all members of the top management team, including a few handpicked future leaders-were at Harvard University on a five-day immersion programme. Pawan Munjal, chairman, MD and CEO of Hero MotoCorp, is glad that he has proved the naysayers wrong and is proud that he’s building a truly global organization
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