MAM
HMC Group plans to triple exports, intl revenue to Rs 3000 cr by FY24
Mumbai: Riding on strong global demand for bicycles, e-bikes and automotive components, Hero Motors Company (HMC) Group is set to cross Rs 1000 crore in exports and international revenue by FY22, an increase of 92 per cent over FY 21. The company has set a target for further trebling this figure to Rs 3000 crore by FY 24, banking on high growth in the European and American markets.
The projections come at a time when the integrated bicycle manufacturer HMC Group marks its 65th Founder’s Day.
“With the first batch of ‘made in India’ HNF e-bikes to the European market and the launch of Hero E-cycle Valley, we are looking forward to robust global expansion and marking a major leap for indigenous manufacturing,” said HMC, chairman and MD, Pankaj M Munjal. “We are confident of crossing Rs 1000 crore of exports and international revenue and meeting another ambitious target of Rs 3000 crore by FY 24.”
During the pandemic, Hero Cycles has retained its market-leading share of about 43 per cent in the organised industry and led what is termed by CRISIL as the decadal-high growth in demand for cycles. With the plan to expand the business, this year, Hero Motors Company unveiled its new hi-end export-oriented manufacturing plant at the ambitious Hero E Cycle Valley, giving the company an edge in production of premium bicycles and e-cycles.
Operationalising the first phase of the Hero E Cycle Valley (Hero Industrial Park) will augment HMC’s annual production capacity to 10 million units, with a production of four million premium bicycles and e-cycles, majorly for global consumption. The Park aims to achieve complete localisation of component production by housing a series of international suppliers.
On the international front, Hero International – the European bike and e-bike arm of HMC established in March– aims to achieve organic revenue of up to €300 million by 2025, while adding €200 million from inorganic growth. Acquisition of UK brands Avocet Sports and Insync, setting up of a Global Design Centre in Manchester and acquisition of German high-end e-cycles manufacturer HNF are some notable initiatives in the direction of gaining a strong global foothold.
Brands
Info Edge reshuffles senior roles, Ambrish Singh to 99acres, Bhisham Dhingra to lead Shiksha strategy
Leadership changes at Shiksha and 99acres aim to drive sharper growth focus
MUMBAI: Info Edge (India) Limited has approved an internal reorganisation of its education and real estate verticals, setting the stage for leadership changes aimed at sharpening execution and accelerating growth. The move, cleared by the board on April 14 through a circular resolution, will come into effect from May 1, 2026.
The restructuring impacts the company’s Shiksha and 99acres businesses, two key pillars in its portfolio, and involves role changes for senior management personnel. As part of the reshuffle, Ambrish Kumar Singh, previously executive vice president and head of sales and customer delivery for Shiksha, has been redesignated as executive vice president and head of sales and sales enablement at 99acres. A long-time company leader since 2003, Singh is expected to focus on boosting business performance, strengthening client relationships and building high-performing teams in his new role.
Meanwhile, Bhisham Dhingra, who led sales and customer delivery at 99acres, will now take on an expanded mandate as head of sales, strategy and client delivery for Shiksha. With over two decades of experience across global and Indian organisations, Dhingra will spearhead growth strategy, corporate sales and client engagement for the domestic education vertical.
Both executives will continue as senior management personnel, albeit with revised responsibilities aligned to the company’s broader restructuring goals.
Info Edge said the changes are part of ongoing efforts to leverage leadership expertise across business lines and improve operational effectiveness. The company added that the reshuffle is designed to drive stronger outcomes by aligning talent with evolving business priorities.
As Info Edge continues to fine-tune its structure, the latest leadership moves suggest a clear intent to keep its core platforms nimble, competitive and ready for the next phase of growth.
