USD 3.2bn Hero Group promoted by the Munjals bought out Japanese partner Honda’s 26 per cent stake in the world’s largest two-wheeler maker earlier this year. The Group consists of Hero Cycles, Hero MotoCorp (ex HeroHonda Motors), Munjal Showa, Sunbeam Auto, Majestic Auto, Munjal Auto Industries, Hero Management Service Limited and Easy Bill. Sunil is responsible for developing a growth strategy and implementation of new business plans for the Hero Group.
He is on the Board of DCM Shriram Consolidated Ltd and of Life Insurance Corporation of India, the largest life insurance company in India, and a Director of Bank of India (one of the largest banks in the country), Advisory Board of Coca Cola India. He has been the President of the Confederation of Indian Industry (CII), India’s premier business association. He is a visiting faculty for Business Studies and Holistic Management Practices at several companies and Business Schools. He is also on the Board of the Indian School of Business, Hyderabad. He was selected by ‘India Today’ – India’s leading publication as one of the “Faces of the Millennium” for business.
Some of the questions asked at the Dialogue with India event on the 12th of December were:
– The investors here and elsewhere are wondering why Indian companies are planning on going global even as foreign investors are eyeing the large Indian market?
– You have had a long and successful partnership with Honda – then parted company – what does it mean for Joint Ventures – in your opinion do they have a future?
– How does Hero look at the domestic and export market – what is the map for the future?