Hero MotoCorp shares in focus as CEO steps down; all you need to know

Shares of two-wheeler maker Hero MotoCorp to remain in focus on Saturday, February 1 as the company Chief Executive Officer Niranjan Gupta stepped down with effect from April 30, 2025. Gupta deciding to move on after spending eight years in the company.

The company's Executive Director (Operations) Vikram Kasbekar has been appointed as the acting CEO with effect from May 1, the two-wheeler major said in a regulatory filing.

"Since joining Hero in 2017, Niranjan has strengthened our financial resilience, forged global alliances and laid the foundation for the House of Strategy that defines our future growth journey. His leadership has been pivotal in steering the company towards new frontiers. I wish him the very best and all the success for his future," Hero MotoCorp Executive Chairman Pawan Munjal said.

As part of this strategic shift, the product development teams across EMBU, Hero Tech Centre Germany (TCG) and Hero Centre for Innovation and Technology (CIT) will work in synergy, it added.

As part of the high-level restructuring, Ram Kuppuswamy, Chief Procurement Officer, will assume an expanded role of Chief Operations Officer (COO) – Manufacturing, effective April 1, 2025, Hero MotoCorp said.

In his new role, Kuppuswamy will strategically review and optimise the manufacturing and supplier footprint to align with the company’s evolving business and growth strategy, it added.

The company also elevated Ashutosh Varma, National Sales Head – India Business Unit as the Chief Business Officer (CBO) – IBU, effective May 1, 2025.

Varma will take over from Ranjivjit Singh, who will be completing his tenure at the company on April 30, 2025.

The company also elevated Jyoti Singh, Head HR – R&D, to Deputy Chief Human Resources Officer, effective February 1, 2025.

Shares of Hero MotorCorp closed 3.84% higher on Friday at ₹4,340.85 on BSE.