Hero MotoCorp Ltd CEO Niranjan Gupta is stepping down from his position “to pursue other opportunities,” India’s largest two-wheeler producer introduced in an trade submitting on Friday, January 31, 2025.
Hero MotoCorp’s bikes, the Xtreme 250R and the Xpulse 210 are seen throughout its launch on the Bharat Mobility World Expo 2025, in New Delhi, Friday, Jan. 17, 2025.(Atul Yadav/PTI)
His final working day can be April 30, 2025 and Vikram Kasbekar, Govt Director (Operations) has been appointed because the Appearing Chief Govt Officer with impact from Could 1, 2025, the corporate mentioned.
Additionally Learn: Hero Xpulse 210 deliveries to begin from March 2025. Every part it is best to know
“Being part of Hero MotoCorp’s journey has been an incredibly rewarding experience. I am grateful to Dr. Munjal & the Board of Directors for the privilege of leading this remarkable company,” mentioned Niranjan Gupta. “During my eight years at Hero, I have had the opportunity to work with an exceptional team and contribute to the company’s continued success.”
“As I move on to pursue other opportunities, I extend my best wishes to the entire team at Hero MotoCorp for an optimistic and progressive future,” he added.
This comes after the company had announced in late December 2024 that it had was teaming up with Harley-Davidson to create another all-new motorcycle and will also roll out more versions of the Harley-Davidson X440, which they developed together.
The X440 was the first brainchild of the Hero-Harley collaboration with the partnership actually going as far back as 2020, when Harley Davidson decided to exit local assembly in India due to weak demand, leaving Hero primarily in charge of existing dealerships.
Also Read: Economic Survey suggests strict labelling rules for ultra-processed foods
Vikram Kasbekar, the new acting CEO said, “I am honored to take on the responsibility as the Acting Chief Executive Officer of Hero MotoCorp. Having been a part of this incredible organization for over two decades, I look forward to working closely with our talented team to drive continued growth and innovation. I deeply appreciate the trust placed in me by Dr. Munjal & the Board of Directors; and remain committed to steering the company forward during this transition period. Together, we will build on our strong legacy and keep delivering excellence to all our customers, partners and stakeholders.”
Meanwhile, Ram Kuppuswamy has been promoted to COO ‐ Manufacturing while Ashutosh Varma will be leading the India Business Unit as CBO.
“Since joining Hero in 2017, Niranjan has strengthened our financial resilience, forged global alliances and laid the foundation for the House of Strategy that defines our future growth journey,” mentioned Dr. Pawan Munjal, Govt Chairman of Hero MotoCorp. “His management has been pivotal in steering the corporate in the direction of new frontiers. I want him the easiest and all of the success for his future.”
Additionally Learn: Hero XPulse 210 launched at Auto Expo 2025. Every part it is best to know earlier than shopping for it
He additionally added that Hero’s EV & Rising Mobility Enterprise Unit (EMBU) will transition into a completely impartial unit by February 1, 2025.
Jyoti Singh can be taking cost as Deputy CHRO for the EV & Rising Mobility Enterprise Unit.