Hero Motors' Pankaj Munjal: Going Global with a Passion for Wheels
Episode Description
Cars and bikes are in Pankaj Munjal's blood -- his family founded the US$5 billion Hero Group, the New Delhi-based enterprise comprising 20 companies including the world's largest manufacturer of bicycles. As managing director of Hero Motors and Hero Cycles, Munjal oversees the company's two-wheeler production and its global auto components business. In an interview with India Knowledge@Wharton, he spoke about why his firm is focused on the small-car market, what he looks for in new hires, and what toys he likes to take for a drive. 📂 Leadership
Brief Summary
Hero Motors discusses market strategies, consumer trends, and electric vehicle initiatives in the automotive industry.
Key points
- Hero Motors Overview. Hero Motors is the eighth largest group in India, employing 27,000 people with $5 billion in sales.
- Market Focus Shift. Hero Motors is shifting focus to the growing small car market in India, projected to expand significantly.
- Family Business Dynamics. Hero Motors is family-owned but professionally run, balancing family interests with professional management.
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Episode highlights
- Hero Motors OverviewHero Motors is the eighth largest group in India, employing 27,000 people with $5 billion in sales.“We are really globally competitive.”2:26Jul 29, 2010
- Market Focus ShiftHero Motors is shifting focus to the growing small car market in India, projected to expand significantly.“This segment is a $16 billion market size.”4:16Jul 29, 2010
- Family Business DynamicsHero Motors is family-owned but professionally run, balancing family interests with professional management.“It's family-owned, it's not family-run.”9:52Jul 29, 2010
Tension
30/ 100Low tension
