Hero MotoCorp is the World's single largest two-wheeler motorcycle company.

Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors Limited in 1984. The joint venture between India's Hero Group and Honda Motor Company, Japan has not only created the world's single largest two wheeler company but also one of the most successful joint ventures worldwide. During the 80s, Hero Honda became the first company in India to prove that it was possible to drive a vehicle without polluting the roads. The company introduced new generation motorcycles that set industry benchmarks for fuel thrift and low emission. A legendary 'Fill it - Shut it Forget it' campaign captured the imagination of commuters across India, and Hero Honda sold millions of bikes purely on the commitment of increased mileage. Over 20 million Hero Honda two wheelers tread Indian roads today. These are almost as many as the number of people in Finland, Ireland and Sweden put together. Hero Honda has consistently grown at double digits since inception; and today, every second motorcycle sold in the country is a Hero Honda. Every 30 seconds, someone in India buys Hero Honda's top -selling motorcycle ? Splendor. This festive season, the company sold half a million two wheelers in a single month?a feat unparalleled in global automotive history. Hero Honda became the first company in the country to introduce four-stroke motorcycles and set the standards for fuel efficiency, pollution control and quality. It has an excellent distribution and service network spread throughout the country. Hero Honda bikes currently roll out from its three globally benchmarked manufacturing facilities. Two of these are based at Dharuhera and Gurgaon in Haryana and the third state of the art manufacturing facility was inaugurated at Haridwar, Uttrakhand in April this year. These plants together are capable of producing out 4.4 million units per year. Having reached an unassailable pole position in the Indian two wheeler market, Hero Honda is constantly working towards consolidating its position in the market place. The company believes that changing demographic profile of India, increasing urbanization and the empowerment of rural India will add millions of new families to the economic mainstream. This would provide the growth ballast that would sustain Hero Honda in the years to come. As Brijmohan Lall Munjal, the Chairman, Hero Honda Motors succinctly points out, 'We pioneered India's motorcycle industry, and it's our responsibility now to take the industry to the next level. We'll do all it takes to reach there.'' Product range of the company includes:

CD Dawn CD Deluxe Pleasure Splendor + Splendor NXG Passion PRO Passion Plus

Super Splendor Glamour Glamour PGM FI Achiever CBZ Extreme Hunk Karizma

Milestones: 1983

Joint Collaboration Agreement with Honda Motor Co. Ltd. Japan signed Shareholders Agreement signed

1984

Hero Honda Motors Ltd. Incorporated

1985

First motorcycle 'CD 100' rolled out

1987

100,000th motorcycle produced

1989

New motorcycle model - 'Sleek' introduced

1991

New motorcycle model - 'CD 100 SS' introduced 500,000th motorcycle produced

1992

Raman Munjal Vidya Mandir inaugurated - A School in the memory of founder Managing Director, Mr. Raman Kant Munjal

1994

New motorcycle model - 'Splendor' introduced 1,000,000th motorcycle produced

1997

New motorcycle model - 'Street' introduced Hero Honda's 2nd manufacturing plant at Gurgaon inaugurated

1998

2,000,000th motorcycle produced

1999

New motorcycle model - 'CBZ' introduced Environment Management System of Dharuhera Plant certified with ISO-14001 by DNV Holland Raman Munjal Memorial Hospital inaugurated - A Hospital in the memory of founder Managing Director, Mr. Raman Kant Munjal

2000

4,000,000th motorcycle produced Environment Management System of Gurgaon Plant certified ISO-14001 by DNV Holland Splendor declared 'World No. 1' - largest selling single two-wheeler model 'Hero Honda Passport Programme' - CRM Programme launched

2001

New motorcycle model - 'Passion' introduced One million production in one single year New motorcycle model - 'Joy' introduced 5,000,000th motorcycle produced

2002

Becomes the first Indian Company to cross the cumulative 7 million sales mark Splendor has emerged as the World's largest selling model for the third calendar year in a row (2000, 2001, 2002) New motorcycle model - 'CD Dawn' introduced, New motorcycle model - 'Splendor +' introduced, New motorcycle model - 'Passion Plus' introduced, New motorcycle model 'Karizma' introduced

2004

New motorcycle model - 'Ambition 135' introduced Hero Honda became the World No. 1 Company for the third consecutive year. Crossed sales of over 2 million units in a single year, a global record

Splendor - World's largest selling motorcycle crossed the 5 million mark New motorcycle model - 'CBZ' introduced Joint Technical Agreement renewed Total sales crossed a record of 10 million motorcycles

2005

Hero Honda is the World No. 1 for the 4th year in a row New motorcycle model - 'Super Splendor' introduced, New motorcycle model - 'CD Deluxe' introduced New motorcycle model - 'Glamour' introduced, New motorcycle model - 'Achiever' introduced First Scooter model from Hero Honda - 'Pleasure' introduced

2006

Hero Honda is the World No. 1 for the 5th year in a row 15 million production milestone achieved

2007

Hero Honda is the World No. 1 for the 6th year in a row New 'Splendor NXG' launched New 'CD Deluxe' launched New 'Passion Plus' launched New motorcycle model 'Hunk' launched 20 million production milestone achieved

2008

Hero Honda Haridwar Plant inauguration New 'Pleasure' launched Splendor NXG launched with power start feature New motorcycle model 'Passion Pro' launched New 'CBZ Xtreme' launched 25 million production milestone achieved CD Deluxe launched with power start feature New 'Glamour' launched New 'Glamour Fi' launched

2009

Hero Honda GoodLife Program launched Hunk' (Limited Edition) launched Splendor completed 11 million production landmark New motorcycle model 'Karizma - ZMR' launched Silver jubilee celebrations

2010

New model Splendor Pro launched Launch of new Super Splendor and New Hunk

2011

New licensing arrangement signed between Hero and Honda Launch of new refreshed versions of Glamour, Glamour FI, CBZ Xtreme, Karizma Crosses the landmark figure of 5 million cumulative sales in a single year July 29, 2011 - Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company

Achievements/ recognition:2011

Two-wheeler Manufacturer of the Year award by Bike India magazine Adjudged the 'Bike Manufacturer of the Year' at the Economic Times ZigWheels Car and Bike Awards

2010

Rated as Top Indian Company in Automobile - Two Wheelers sector by Dun & Bradstreet - Rolta Corporate Awards 2009 Most Preferred Brand of Two-Wheelers' award at the CNBC Awaaz Consumer Awards. Adjudged at top of the two-wheeler category in the Brand Equity Most Trusted Brands 2010 Survey Ranked No. 3 Most Trusted Brand across categories amongst Young Adult Males Company of the Year awarded by Economic Times Awards for Corporate Excellence 2008-09 CNBC TV18 Overdrive Awards 2010 'Hall of Fame' to Splendor NDTV Profit Car & Bike Awards 2010 - Two-wheeler Manufacturer of the Year, CnB Viewers' Choice Two-wheeler of the Year (Karizma ZMR) and Bike Maker of the Year by ET-ZigWheels Car & Bike of the Year Awards 2009'

2009

'Two-wheeler Manufacturer of the Year' by NDTV Profit Car & Bike Awards 2009 and Passion Pro adjudged as CNB Viewers' Choice two-wheeler Top Indian Company under the 'Automobile - Two-wheelers' sector bythe Dun & Bradstreet-Rolta Corporate Awards Won Gold in the Reader's Digest Trusted Brand 2009 in the 'Motorcycles' category NDTV Profit Business Leadership Awards 2009 - two-wheeler category

2008

NDTV Profit Business Leadership Award 2008 TopGear Design Awards 2008 NDTV Profit Car India & Bike India Awards IndiaTimes Mindscape and Savile Row ( A Forbes Group Venture ) Loyalty Awards Asian Retail Congress Award for Retail Excellence (Strategies and Solutions of business innovation and transformation) NDTV Profit Car India & Bike India Awards Overdrive Magazine TNS Voice of the Customer Awards

2007 The NDTV Profit Car India & Bike India Awards 2007 2006

Corporate Social Responsibility Award Top Indian company in the Automobile - Two Wheeler sector by Dun & Bradstreet American Express Corporate Awards 2006 Hero Honda Splendor rated as India's most preferred two-wheeler brand at the Awaaz Consumer Awards 2006 NDTV Profit Car India & Bike India Awards 2006

2005

Awaaz Consumer Awards 2005 Bike Maker of the Year Award by Overdrive Magazine

2004

Winner of the Review 200 - Asia's Leading Companies Award (3rd Rank amongst the top 10 Indian companies) ICSI National Award for Excellence in Corporate Governance 2004 by The Institute of Company Secretaries of India.

2003

Winner of the Review 200 Most Respected Company in Automobile Sector by Business World Bike Maker of the Year by Overdrive Magazine.

2002

Bike Maker of the Year by Overdrive Magazine Winner of the Review 200 Company of the Year of ET Awards for Corporate Excellence.

2001

Bike Maker of the Year by Overdrive Magazine Winner of Three Leaves Award for showing Corporate Environment Responsibility in the Automobile Sector by Centre for Science & Environment Business School Award for Corporate Performance to Hero Honda Motors Ltd.

Hero MotoCorp Ltd.

Balance sheet (Rs crore) Mar ' 13 Mar ' 12 Mar ' 11 Mar ' 10 Mar ' 09 Sources of funds Owner's fund Equity share capital 39.94 39.94 39.94 39.94 39.94 Share application money Preference share capital Reserves & surplus 4,966.30 4,249.89 2,916.12 3,425.08 3,760.81 Loan funds Secured loans 302.16 994.85 1,458.45 Unsecured loans 32.71 66.03 78.49 Total 5,308.40 5,284.68 4,447.22 3,531.05 3,879.24 Uses of funds Fixed assets Gross block 4,427.29 6,308.26 5,538.46 2,750.98 2,516.27 Less : revaluation reserve Less : accumulated depreciation 1,356.31 2,522.75 1,458.18 1,092.20 942.56 Net block 3,070.98 3,785.51 4,080.28 1,658.78 1,573.71 Capital work-in-progress 62.09 193.95 125.14 48.14 120.54 Investments 3,623.83 3,964.26 5,128.75 3,925.71 3,368.75 Net current assets Current assets, loans & advances 2,884.75 1,951.69 1,510.52 2,890.46 1,022.14 Less : current liabilities & provisions 4,333.25 4,610.73 6,397.47 4,992.04 2,205.90 Total net current assets -1,448.50 -2,659.04 -4,886.95 -2,101.58 -1,183.76 Miscellaneous expenses not written Total 5,308.40 5,284.68 4,447.22 3,531.05 3,879.24 Notes: Book value of unquoted investments - 3,659.51 5,065.79 3,900.68 3,305.14 Market value of quoted investments 353.28 302.20 62.14 25.03 40.55 Contingent liabilities 502.00 252.62 131.90 73.04 100.54 Number of equity sharesoutstanding (Lacs) 1996.88 1996.88 1996.88 1996.88 1996.88

Hero Honda Motors Balance Sheet

Particular Source of Funds Share Capital Reserves & Surplus Shareholders Funds Secured Loans Unsecured Loans Total Debt Total Liabilities Application of Funds Fixed Assets Gross Block Less : Accumulated Depreciation Provision for impairment of Assets Net Fixed Assets Capital Work In Progress Total Fixed Assets Investments Current Assets Inventories Sundry Debtors Cash & Bank Balances Loans & Advances Total Current Assets Current Liabilities & Provisions Current Liabilities Provisions Total Current Liabilities & Provision Net Current Assets Miscellaneous Expenditure written off Total Assets 201103 201003 200903 200803 200703 39.94 39.94 39.94 39.94 39.94 2916.12 3425.08 3760.81 2946.30 2430.12 2956.06 3465.02 3800.75 2986.24 2470.06 0.00 0.00 0.00 0.00 0.00 1491.16 66.03 78.49 132.00 165.17 1491.16 66.03 78.49 132.00 165.17 4447.22 3531.05 3879.24 3118.24 2635.23

5538.46 1458.18 0.00 4080.28 125.14 4205.42 5128.75

2750.98 1092.20 0.00 1658.78 48.14 1706.92 3925.71

2516.27 942.56 0.00 1573.71 120.54 1694.25 3368.75

1938.78 782.52 0.00 1156.26 408.49 1564.75 2566.82 317.10 297.44 131.09 191.15 936.78 1324.98 499.76 1824.74 -887.96 0.00 3118.24

1800.63 635.10 0.00 1165.53 189.92 1355.45 1973.87 275.58 335.25 35.78 266.66 913.27 1041.92 437.24 1479.16 -565.89 0.00 2635.23

524.93 436.40 326.83 130.59 108.39 149.94 71.52 1907.21 219.57 783.48 438.46 317.15 1510.52 2890.46 1013.49 5316.40 1081.07 6397.47 -4886.95 0.00 4447.22 3965.69 1026.35 4992.04 -2101.58 0.00 3531.05 1525.85 526.97 2052.82 -1039.33 0.00 3879.24