India’s largest two-wheeler maker, Hero MotoCorp will be ending production of some of its models like the Maestro, Ignitor, Impulse and Passion xPro which were built under a licensing agreement with Honda. The models will be discontinued by the end of the current financial year. But the big news is the launch of the completely in-house developed motorcycle the Splendor iSmart 110.
Pawan Munjal, the Chairman, MD & CEO, Hero MotoCorp Ltd. underlined the self-sufficiency that has been achieved upon the launch of the first motorcycle developed completely in-house by Hero by saying, “With the launch of the all-new Splendor iSmart 110 today, we have achieved yet another significant milestone in our solo journey. This comes close on the heels of the successful launch of our first range of indigenously developed scooters last year. I can proudly state that Hero MotoCorp possesses a self-sufficient in-house capability to develop new products for our global customers – from Product Planning, R&D and Manufacturing to Sales and Marketing – indeed, the entire value chain.
As the market leader in India and as a global organisation, we constantly strive to lead the industry towards cost efficient and green technologies for a sustainable future. The new iSmart 110 is another example of our efforts, featuring a BS IV compliant engine along with the intuitive, fuel-efficient i3S technology. Coupled with our green manufacturing facilities, such products will enable us to achieve our sustainability goals.
With our ever-increasing global footprint, we are engaged in developing products that will bring to life engineering excellence that is made-in-India, for India and the world.”
Hero MotoCorp is certain of its ability to develop new products for both the domestic and global market. Hero has developed the Maestro Edge to replace the older version of the Maestro which was based on the Honda Activa.
Hero MotoCorp dominates the commuter motorcycle segment with over 65 per cent market share, due to the high sales of the Splendor, Passion and HF Deluxe ranges. The world’s largest selling 2-wheeler brand has grand plans to enter 50 new markets while setting up about 20 manufacturing facilities across the globe. Hero MotoCorp is targeting an annual turnover of INR 60,000 crores by the end of the decade.
The new Hero Splendor iSmart 110 is the first ground-up design by Hero. It is powered by a fully BS-IV compliant 110cc TOD (Torque on Demand) engine. The engine is an air-cooled single cylinder, 4-stroke engine which produces a maximum power output of 9.4 PS @ 7500 rpm and a maximum torque of 9 Nm @ 5500 rpm. The bike is now available at all Hero dealerships across India, at a price of INR 53,300 (Ex-showroom Delhi).