Hero MotoCorp, India’s leading two wheeler company has selected Niranjan Gupta as the new CEO. He will take over the responsibility from 1st of May. Niranjan Gupta will succeed Pawan Munjal, who was earlier the Chief executive officer of the company.
In an official statement, Hero MotoCorp said “Niranjan Gupta has also played a significant role in forging key partnerships with global brands such as Harley Davidson and Zero Motorcycles,” it added.
“Niranjan is a leader with sharp business acumen and a proven track record in delivering strong business results in a highly competitive environment. He has been instrumental in defining the organization’s growth story with his rich and diverse experience across finance, strategy and operational effectiveness in both developed and developing markets. His sharp focus has helped Hero MotoCorp in delivering strong cash flow over the years, while ensuring judicious capital allocation,” said Pawan Munjal.
“His elevation to the role of CEO is testimony to the robust succession planning process we have put in place within the Company. The Board looks forward to his contribution in realizing the full potential of Hero MotoCorp as a winning business which delivers long-term growth and value for all its stakeholders. I wish him the very best and all the success in leading the next growth story of this incredible company,” he added.
“I am delighted to be appointed as the CEO of Hero MotoCorp, the global market leader in motorcycles and scooters. With more than 110 million customers, the brand has an unparalleled reach, providing mobility solutions to the masses. The journey hereon is going to be even more exciting with a focus on global expansion, premium segment, and electric mobility,” Gupta said.
“Our vision, mission and values will continue to be the guiding light towards building the next growth story, as we further consolidate our market leadership while delighting our customers and creating shareholder value,” he added.
