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Hero Motors Group, which includes flagship company Hero Cycles has elevated Pankaj Munjal as its Chairman and Managing Director (CMD).
Hero Motors Group, which includes flagship company Hero Cycles has elevated Pankaj Munjal as its Chairman and Managing Director (CMD).
Pankaj Munjal has taken over from O P Munjal, who led the Ludhiana-based company for more than 60 years, Hero Motors Group said in a statement. O P Munjal has now been elevated to the position of Chairman Emeritus, it added.
Pankaj Munjal had joined the group as a trainee in 1988 and was appointed as its Co-Chairman and Managing Director in December 2011.
Incorporated in 1956, Hero Cycles is the largest cycle manufacturer in the world. The company has a manufacturing capacity of 7.5 million bicycles per year, with its unit in Ludhiana (Punjab), Bihta (Bihar) and Ghaziabad (UP).
