Hero Group to create three-four large business units

The Hero Group would soon create three-four large business units, which will be on the lines of Hero MotoCorp, which contributes the largest chunk of revenue to the group. To this development, the group has launched Hero Future Energies, a company focused on renewable energy. The company, which would initially have wind and solar projects, is being lead by Rahul Munjal, who also heads the group’s company, Easy Bill.

Hero Future Energies, registered in October 2012, has already commissioned a 37.5-Mw pilot wind project in Rajasthan. This fiscal, the company plans to develop 100 Mw of wind and solar power and 1 Mw of roof-top solar power.

Hero MotoCorp is the world's single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.