Hero MotoCorp Limited — Others, 31-01-2025: Change in Management

Hero MotoCorp has announced a change in its senior management, appointing Mr. Vikram Kasbekar as the Acting Chief Executive Officer (CEO) effective May 1, 2025, following the resignation of Mr. Niranjan Gupta, who will step down on April 30, 2025, to pursue other opportunities. Additionally, Ram Kuppuswamy will transition to Chief Operations Officer (COO) - Manufacturing, and Ashutosh Varma will take on the role of Chief Business Officer (CBO) – India Business Unit. This reorganization aims to strengthen leadership and enhance growth in the evolving mobility sector. Investor outlook may be positive, given the strategic focus on leadership continuity and the formation of an independent EV unit.