Niranjan Gupta Steps Down: Hero MotoCorp announced the resignation of its CEO, Niranjan Gupta. According to an official exchange filing, the company has confirmed that Gupta will leave the position on April 30, 2025. He wishes to pursue opportunities outside Hero MotoCorp.
Vikram Kasbekar to be Acting CEO
Vikram Kasbekar, Executive Director of the company has been appointed as the acting CEO with effect from May 1, 2025. With decades of experience in research and development, supply chain, and operations, industry veteran Kasbekar will see through the transition period till the company appoints a permanent successor for Gupta.
Pawan Munjal appreciates Gupta’s work
Pawan Munjal, Executive Chairman of Hero MotoCorp, thanked Gupta for his leadership and contributions. Munjal said that since joining the company in 2017, Gupta has played a key role in strengthening Hero MotoCorp’s financial position. He also helped form global partnerships and laid the foundation for the company’s long-term growth strategy. Munjal expressed gratitude for Gupta’s efforts and wished him success in his future endeavors.
Deliverables In the Company During Niranjan Gupta tenure
Gupta was appointed as the Chief Financial Officer of Hero MotoCorp in 2017. In May 2023, he becomes the CEO and takes the company through significant milestones during his tenure. Some of the notable launches were Hero Mavrick 440 and Harley-Davidson X440. These models launch marked the beginning of Hero MotoCorp partnership with Harley-Davidson, which is still expanding through collaboration.
Hero MotoCorp’s Future Plans
Hero MotoCorp remains committed to innovation and expansion despite the leadership change. In December 2024, the company confirmed plans to co-develop a new motorcycle with Harley-Davidson. This partnership aims to strengthen Hero’s position in the premium motorcycle segment.
Industry Experts React to the Leadership Shift
Gupta’s exit was a major blow to Hero MotoCorp. Industry insiders believe that the company will not lose its growth momentum under Kasbekar’s interim command. The search for a full-time chief executive officer might focus on finding a leader who can drive innovation and see the company through Global Partnerships.
Niranjan Gupta’s resignation marks the closing of a revolutionizing phase at Hero MotoCorp. With Kasbekar being at the wheel, the corporation will look after stability while accelerating its strategic growth. The Leadership Transition at Hero MotoCorp has a lot of influence on future directions in competitive two-wheeler markets.
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