
The Valuation School
February 1, 2025 at 02:30 AM
🛵 *Hero MotoCorp CEO Niranjan Gupta Steps Down, Vikram Kasbekar Takes Over*
By The Valuation School
*CEO Change at Hero MotoCorp*
Niranjan Gupta has resigned as Hero MotoCorp’s CEO, effective April 30, 2025. Vikram Kasbekar, the Executive Director, will step in as acting CEO from May 1, 2025, while the company searches for a permanent replacement. This marks the second CEO change in two years for India's top two-wheeler maker.
*Niranjan’s Achievements & Exit*
Niranjan joined Hero in 2017 and became CEO in 2023, replacing Pawan Munjal. During his tenure, Hero MotoCorp posted record revenue and profit in FY24, revived Karizma, and expanded the Vida electric scooter range. He also secured key global partnerships, including Harley-Davidson and Zero Motorcycles.
*Leadership Changes & EV Spin-off*
Hero has also reshuffled its top management. Ram Kuppuswamy will become COO - Manufacturing, and Ashutosh Varma will be Chief Business Officer from May 2025. The company has also spun off its EV business, led by Pawan Munjal.
*Source*: https://tinyurl.com/4njr9tzb
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