5001822025-01-012025-03-315001822025-03-315001822024-03-315001822024-04-012025-03-315001822025-01-012025-03-31in-capmkt:OtherExpenses1Member5001822024-04-012025-03-31in-capmkt:OtherExpenses1Member5001822025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001822024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001822025-01-012025-03-31RelatedPartyTransactionDomain15001822024-12-31RelatedPartyTransactionDomain15001822025-03-31RelatedPartyTransactionDomain15001822025-01-012025-03-31RelatedPartyTransactionDomain25001822024-12-31RelatedPartyTransactionDomain25001822025-03-31RelatedPartyTransactionDomain25001822025-01-012025-03-31RelatedPartyTransactionDomain35001822024-12-31RelatedPartyTransactionDomain35001822025-03-31RelatedPartyTransactionDomain35001822025-01-012025-03-31RelatedPartyTransactionDomain45001822024-12-31RelatedPartyTransactionDomain45001822025-03-31RelatedPartyTransactionDomain45001822025-01-012025-03-31RelatedPartyTransactionDomain55001822024-12-31RelatedPartyTransactionDomain55001822025-03-31RelatedPartyTransactionDomain55001822025-01-012025-03-31RelatedPartyTransactionDomain65001822024-12-31RelatedPartyTransactionDomain65001822025-03-31RelatedPartyTransactionDomain65001822025-01-012025-03-31RelatedPartyTransactionDomain75001822024-12-31RelatedPartyTransactionDomain75001822025-03-31RelatedPartyTransactionDomain75001822025-01-012025-03-31RelatedPartyTransactionDomain85001822024-12-31RelatedPartyTransactionDomain85001822025-03-31RelatedPartyTransactionDomain85001822025-01-012025-03-31RelatedPartyTransactionDomain95001822024-12-31RelatedPartyTransactionDomain95001822025-03-31RelatedPartyTransactionDomain95001822025-01-012025-03-31RelatedPartyTransactionDomain105001822024-12-31RelatedPartyTransactionDomain105001822025-03-31RelatedPartyTransactionDomain105001822025-01-012025-03-31RelatedPartyTransactionDomain115001822024-12-31RelatedPartyTransactionDomain115001822025-03-31RelatedPartyTransactionDomain115001822025-01-012025-03-31RelatedPartyTransactionDomain125001822024-12-31RelatedPartyTransactionDomain125001822025-03-31RelatedPartyTransactionDomain125001822025-01-012025-03-31RelatedPartyTransactionDomain135001822024-12-31RelatedPartyTransactionDomain135001822025-03-31RelatedPartyTransactionDomain135001822025-01-012025-03-31RelatedPartyTransactionDomain145001822024-12-31RelatedPartyTransactionDomain145001822025-03-31RelatedPartyTransactionDomain145001822025-01-012025-03-31RelatedPartyTransactionDomain155001822024-12-31RelatedPartyTransactionDomain155001822025-03-31RelatedPartyTransactionDomain155001822025-01-012025-03-31RelatedPartyTransactionDomain165001822024-12-31RelatedPartyTransactionDomain165001822025-03-31RelatedPartyTransactionDomain165001822025-01-012025-03-31RelatedPartyTransactionDomain175001822024-12-31RelatedPartyTransactionDomain175001822025-03-31RelatedPartyTransactionDomain175001822025-01-012025-03-31RelatedPartyTransactionDomain185001822024-12-31RelatedPartyTransactionDomain185001822025-03-31RelatedPartyTransactionDomain185001822025-01-012025-03-31RelatedPartyTransactionDomain195001822024-12-31RelatedPartyTransactionDomain195001822025-03-31RelatedPartyTransactionDomain195001822025-01-012025-03-31RelatedPartyTransactionDomain205001822024-12-31RelatedPartyTransactionDomain205001822025-03-31RelatedPartyTransactionDomain205001822025-01-012025-03-31RelatedPartyTransactionDomain215001822024-12-31RelatedPartyTransactionDomain215001822025-03-31RelatedPartyTransactionDomain215001822025-01-012025-03-31RelatedPartyTransactionDomain225001822024-12-31RelatedPartyTransactionDomain225001822025-03-31RelatedPartyTransactionDomain225001822025-01-012025-03-31RelatedPartyTransactionDomain235001822024-12-31RelatedPartyTransactionDomain235001822025-03-31RelatedPartyTransactionDomain235001822025-01-012025-03-31RelatedPartyTransactionDomain245001822024-12-31RelatedPartyTransactionDomain245001822025-03-31RelatedPartyTransactionDomain245001822025-01-012025-03-31RelatedPartyTransactionDomain255001822024-12-31RelatedPartyTransactionDomain255001822025-03-31RelatedPartyTransactionDomain255001822025-01-012025-03-31RelatedPartyTransactionDomain265001822024-12-31RelatedPartyTransactionDomain265001822025-03-31RelatedPartyTransactionDomain265001822025-01-012025-03-31RelatedPartyTransactionDomain275001822024-12-31RelatedPartyTransactionDomain275001822025-03-31RelatedPartyTransactionDomain275001822025-01-012025-03-31RelatedPartyTransactionDomain285001822024-12-31RelatedPartyTransactionDomain285001822025-03-31RelatedPartyTransactionDomain285001822025-01-012025-03-31RelatedPartyTransactionDomain295001822024-12-31RelatedPartyTransactionDomain295001822025-03-31RelatedPartyTransactionDomain295001822025-01-012025-03-31RelatedPartyTransactionDomain305001822024-12-31RelatedPartyTransactionDomain305001822025-03-31RelatedPartyTransactionDomain305001822025-01-012025-03-31RelatedPartyTransactionDomain315001822024-12-31RelatedPartyTransactionDomain315001822025-03-31RelatedPartyTransactionDomain315001822025-01-012025-03-31RelatedPartyTransactionDomain325001822024-12-31RelatedPartyTransactionDomain325001822025-03-31RelatedPartyTransactionDomain325001822025-01-012025-03-31RelatedPartyTransactionDomain335001822024-12-31RelatedPartyTransactionDomain335001822025-03-31RelatedPartyTransactionDomain335001822025-01-012025-03-31RelatedPartyTransactionDomain345001822024-12-31RelatedPartyTransactionDomain345001822025-03-31RelatedPartyTransactionDomain345001822025-01-012025-03-31RelatedPartyTransactionDomain355001822024-12-31RelatedPartyTransactionDomain355001822025-03-31RelatedPartyTransactionDomain355001822025-01-012025-03-31RelatedPartyTransactionDomain365001822024-12-31RelatedPartyTransactionDomain365001822025-03-31RelatedPartyTransactionDomain365001822025-01-012025-03-31RelatedPartyTransactionDomain375001822024-12-31RelatedPartyTransactionDomain375001822025-03-31RelatedPartyTransactionDomain375001822025-01-012025-03-31RelatedPartyTransactionDomain385001822024-12-31RelatedPartyTransactionDomain385001822025-03-31RelatedPartyTransactionDomain385001822025-01-012025-03-31RelatedPartyTransactionDomain395001822024-12-31RelatedPartyTransactionDomain395001822025-03-31RelatedPartyTransactionDomain395001822025-01-012025-03-31RelatedPartyTransactionDomain405001822024-12-31RelatedPartyTransactionDomain405001822025-03-31RelatedPartyTransactionDomain405001822025-01-012025-03-31RelatedPartyTransactionDomain415001822024-12-31RelatedPartyTransactionDomain415001822025-03-31RelatedPartyTransactionDomain415001822025-01-012025-03-31RelatedPartyTransactionDomain425001822024-12-31RelatedPartyTransactionDomain425001822025-03-31RelatedPartyTransactionDomain425001822025-01-012025-03-31RelatedPartyTransactionDomain435001822024-12-31RelatedPartyTransactionDomain435001822025-03-31RelatedPartyTransactionDomain435001822025-01-012025-03-31RelatedPartyTransactionDomain445001822024-12-31RelatedPartyTransactionDomain445001822025-03-31RelatedPartyTransactionDomain445001822025-01-012025-03-31RelatedPartyTransactionDomain455001822024-12-31RelatedPartyTransactionDomain455001822025-03-31RelatedPartyTransactionDomain455001822025-01-012025-03-31RelatedPartyTransactionDomain465001822024-12-31RelatedPartyTransactionDomain465001822025-03-31RelatedPartyTransactionDomain465001822025-01-012025-03-31RelatedPartyTransactionDomain475001822024-12-31RelatedPartyTransactionDomain475001822025-03-31RelatedPartyTransactionDomain475001822025-01-012025-03-31RelatedPartyTransactionDomain485001822024-12-31RelatedPartyTransactionDomain485001822025-03-31RelatedPartyTransactionDomain485001822025-01-012025-03-31RelatedPartyTransactionDomain495001822024-12-31RelatedPartyTransactionDomain495001822025-03-31RelatedPartyTransactionDomain495001822025-01-012025-03-31RelatedPartyTransactionDomain505001822024-12-31RelatedPartyTransactionDomain505001822025-03-31RelatedPartyTransactionDomain505001822025-01-012025-03-31RelatedPartyTransactionDomain515001822024-12-31RelatedPartyTransactionDomain515001822025-03-31RelatedPartyTransactionDomain515001822025-01-012025-03-31RelatedPartyTransactionDomain525001822024-12-31RelatedPartyTransactionDomain525001822025-03-31RelatedPartyTransactionDomain525001822025-01-012025-03-31RelatedPartyTransactionDomain535001822024-12-31RelatedPartyTransactionDomain535001822025-03-31RelatedPartyTransactionDomain535001822025-01-012025-03-31RelatedPartyTransactionDomain545001822024-12-31RelatedPartyTransactionDomain545001822025-03-31RelatedPartyTransactionDomain545001822025-01-012025-03-31RelatedPartyTransactionDomain555001822024-12-31RelatedPartyTransactionDomain555001822025-03-31RelatedPartyTransactionDomain555001822025-01-012025-03-31RelatedPartyTransactionDomain565001822024-12-31RelatedPartyTransactionDomain565001822025-03-31RelatedPartyTransactionDomain565001822025-01-012025-03-31RelatedPartyTransactionDomain575001822024-12-31RelatedPartyTransactionDomain575001822025-03-31RelatedPartyTransactionDomain575001822025-01-012025-03-31RelatedPartyTransactionDomain585001822024-12-31RelatedPartyTransactionDomain585001822025-03-31RelatedPartyTransactionDomain585001822025-01-012025-03-31RelatedPartyTransactionDomain595001822024-12-31RelatedPartyTransactionDomain595001822025-03-31RelatedPartyTransactionDomain595001822025-01-012025-03-31RelatedPartyTransactionDomain605001822024-12-31RelatedPartyTransactionDomain605001822025-03-31RelatedPartyTransactionDomain605001822025-01-012025-03-31RelatedPartyTransactionDomain615001822024-12-31RelatedPartyTransactionDomain615001822025-03-31RelatedPartyTransactionDomain615001822025-01-012025-03-31RelatedPartyTransactionDomain625001822024-12-31RelatedPartyTransactionDomain625001822025-03-31RelatedPartyTransactionDomain625001822025-01-012025-03-31RelatedPartyTransactionDomain635001822024-12-31RelatedPartyTransactionDomain635001822025-03-31RelatedPartyTransactionDomain635001822025-01-012025-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares500182HEROMOTOCONOTLISTEDINE158A01026Hero MotoCorp LimitedMain BoardEquity2024-04-012025-03-312025-05-132025-05-06INRCroresQuarterlyFourth quarterSingle segmentAutomotive2025-05-1310:30:002025-05-1314:20:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-02-06https://www.heromotocorp.com/content/dam/hero-aem-website/in/en-in/company-section/reports-and-polices/policies/pdfs/related_party_transactions_policy_06_02_2025.pdffalsefalseNot Applicable2025-01-012025-03-31UnauditedStandalone993865000002237000000101623500000639383000001356800000-22640000067114000004730000019207000001345090000087199000000144245000000144245000003682800000-677000003615100000010809400000000010809400000-4300000010766400000400000000254.0653.990054.0653.99The above standalone financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of Companies Act, 2013, read together with the Companies (Indian Accounting Standard) Rules, 2015 (as amended). <BR> The above standalone financial results for the quarter and year ended March 31, 2025 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors in their meetings held on May 12, 2025 and May 13, 2025, respectively. <BR> On May 13, 2025, the Board of Directors has considered and approved final dividend @3,250% i.e. Rs.65 per equity share (face value of Rs.2 per equity share) for the financial year 2024-25. This dividend together with the interim dividend @ 5000% i.e. Rs.100 per equity share, takes the aggregates the total dividend for the year 2024-25 to Rs.165 per equity share i.e. 8,250%. <BR> During the year ended March 31, 2024, the Company has introduced a voluntary retirement scheme (VRS) and has provided Rs.159.99 crores for employees who have accepted to be part of VRS and has disclosed the same as exceptional item in the standalone financial results. <BR> During the quarter and year ended March 31, 2025, 11,305 and 89,095 equity shares respectively of Rs. 2 each were issued and allotted under the Employee Incentive Scheme – 2014. <BR> During the year ended March 31, 2025, the Company has further invested in its associate. Details are as follows: Name of the Company- Ather Energy Limited (formerly known as Ather Energy Private Limited, Nature- Asscoiate, Year ended March 31, 2025-123.83, Subsequent to year end, an indirect subsidiary, Hero MotoCorp Do Brasil LTDA, was incorporated on April 08, 2025 . As of the date of approval of these financial results , the subsidiary has not yet commenced its operations. Additionally, the Holding Company has made an investment of Rs. 510 crores in Euler Motors Private Limited, which now qualifies as an associate. <BR> Based on the guiding principles given in Ind AS-108 on 'Operating Segments', the Company's business activity fall within a single operating segment, namely automotive segment. <BR> During the year ended March 31, 2024, the Income Tax Authorities had disallowed certain expenses incurred in prior periods and made a demand of Rs.178 crores. The Company evaluated the demand and based on external legal advice, supporting documents for these expenses and other available information had filed an appeal with the Commissioner of Income Tax – Appeals in April 2024, and concluded that no provision is required for this demand as it is probable that the Company’s position will be accepted upon ultimate resolution. Further, the Company and its Chairman are under investigation by certain other Government agencies. During the current year, investigation against the Company and the Chairman by certain Government agencies were concluded in their favour. While uncertainty exists regarding the ultimate outcome of the other investigations, based on the developments in favour of the Company’s position and external legal advice, the Company after considering available information and facts, as of the date of approval of these financial results, has not identified any adjustments, disclosures or any effect to financial statements or financial information. <BR> The figures for the current quarter ended March 31, 2025 and quarter ended March 31, 2024 are the balancing figures between the audited figures for the year ended March 31, 2025 and March 31, 2024, respectively and published results figures upto nine months ended December 31, 2024 and December 31, 2023, respectively which were subjected to limited review. Previous period/year figures have been regrouped/ reclassified wherever necessary. <BR> Subsequent to the quarter ended March 31, 2025, associate of the Company Ather Energy Limited (formerly known as Ather Energy Private Limited), successfully completed its Initial Public Offering (IPO) of equity shares. Following the IPO, the equity shares were listed on the National Stock Exchange (NSE) and BSE Limited (BSE). <BR> The above standalone financial results of the Company are available on the Company's website www.heromotocorp.com and also on www.bseindia.com and www.nseindia.com. <BR> For and on behalf of the board of directors <BR> DR. PAWAN MUNJAL <BR> Executive Chairman <BR> DIN : 00004223 <BR> Gurugram, Haryana <BR> May13, 2025 <BR> With reference to the SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (erstwhile circular no. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018) read with updated circular dated April 13, 2022 w.r.t. Fund raising by issuance of Debt Securities by Large Corporates, we confirm that Hero MotoCorp Limited is not a Large Corporate as per the applicability criteria given in the aforesaid SEBI Circulars. Further, the required details are hereunder: Name of the Company- Hero MotoCorp Limited, CIN-L35911DL1984PLC017354, Outstanding borrowing of company as on 31st March 2025 (in Rs. crore)- NIL, Highest credit rating during the previous FY along with name of the CRA- ICRA – AAA, CRISIL - AAA, Name of stock exchange in which the fine shall be paid, in case of shortfall in the required borrowing under the framework- Not Applicable <BR> 2024-04-012025-03-31AuditedStandalone407563700000105592000004181229000002652775000005479100000-6940000025952000000199200000775860000052247800000356844800000612781000000612781000001443100000074760000015178600000046099500000000046099500000-120300000459792000004000000002197668500000230.53230.2500230.53230.25Other Expenses13450900000Other Expenses5224780000049489600000106620000039318000000559260000038586000000082989700000024870000045990000083698300000031978000001508349000001457610000066106000000367443000002890800000640700000270700000112780000010778030000019812000004028400000128366000000279200900000400000000197668500000198068500000198068500000000026803000002680300000489080000050958000000012666900000015920000055502200000556614000003058400000587198000007578200000216750000000684655000000081132400000279200900000199200000-138500000-9773000000054460000052800000016361000000379900000017222000000775860000006261000001563400000112600000007375000004405800000156600000-41725000000035670000000-41185000005715960000000015340600000041819000000012383000000000001651000008268400000489176100000500835600000000000000000000737500000440580000000-15857800000006920000000000003410000002799830000019920000000-28469300000-25081000000-250810000053989000002890800000Re-measurement losses on defined benefit plans-57500000-57500000Re-measurement losses on defined benefit plans-160800000-160800000-14500000-40500000-43000000-120300000Hero Motocorp Ltd.******A. G. Industries Private Limited******Enterprises over which key management personnel and their relatives are able to exercise controlAny other transactionPurchase of raw materials, components and assets etc.8242300000Approved3532100000-1427100000-1076300000Hero Motocorp Ltd.******AG Industries (BAWAL) Private Limited******Enterprises over which key management personnel and their relatives are able to controlAny other transactionPurchase of raw materials, components and assets etc.1557700000Approved757500000-306500000-234200000Hero Motocorp Ltd.******Rockman Industries Limited******Enterprises over which key management personnel and their relatives are able to controlAny other transactionPurchase of raw materials, components and assets etc.9907800000Approved3850100000-1633700000-1297900000Hero Motocorp Ltd.******HMC MM Auto Limited******SubsidiariesAny other transactionPurchase of raw materials, components and assets etc.6723800000Approved2188800000-722100000-436200000Hero Motocorp Ltd.******Hero Solar Energy Private Limited******Enterprises over which key management personnel and their relatives are able to exercise controlPurchase of goods or services6600000Approved30000000-600000Hero Motocorp Ltd.******Hero Rooftop Energy Private Limited******Enterprises over which key management personnel and their relatives are able to exercise controlPurchase of goods or services1800000Approved40000000Hero Motocorp Ltd.******Brijmohan Lal Om Parkash (Partnership firm)******Parties in respect of which the Company is an associateAny other transactionRental Income200000Approved10000000Hero Motocorp Ltd.******Hero InvestCorp Private Limited******Parties in respect of which the Company is an associateAny other transactionRental Income200000Approved10000000Hero Motocorp Ltd.******Bahadur Chand Investments Private Limited******Parties in respect of which the Company is an associateAny other transactionRental Income200000Approved10000000Hero Motocorp Ltd.******Munjal ACME Packaging Systems Private Limited******Enterprises over which key management personnel and their relatives are able to controlAny other transactionRental Income200000Approved10000000Hero Motocorp Ltd.******Dr. Pawan Munjal******Key management personnel-Executive Chairman & Whole Time DirectorAny other transactionLease Rent Recovery21300000Approved1080000000Hero Motocorp Ltd.******Cosmic Kitchen Private Limited******Enterprises over which key management personnel and their relatives are able to controlPurchase of goods or services81600000Approved255000004100000-300000Hero Motocorp Ltd.******Ather Energy Limited******AssociateInvestment1240000000Approved000Hero Motocorp Ltd.******Dr. Pawan Munjal******Key management personnel-Executive ChairmanAny other transactionRemuneration (Including Commission payable after AGM)0NA532800000-294500000-575100000Remuneration paid is in line with their existing approved appointment contracts.Hero Motocorp Ltd.******Mr. Suman Kant Munjal******Key management personnel-Non Executive DirectorAny other transactionCommission/Sitting fees/expenses reimbursement*0NA240000000Hero Motocorp Ltd.******Mr. Pradeep Dinodia******Key management personnel-Non Executive DirectorAny other transactionCommission/Sitting fees/expenses reimbursement*0NA860000000Hero Motocorp Ltd.******Prof. Jagmohan Singh Raju******Key management personnel-Non Executive and Independent DirectorAny other transactionCommission/Sitting fees/expenses reimbursement*0NA530000000Hero Motocorp Ltd.******ACM B.S Dhanoa (Retd.)******Key management personnel-Non Executive and Independent DirectorAny other transactionCommission/Sitting fees/expenses reimbursement*0NA790000000Hero Motocorp Ltd.******Ms. Tina Trikha******Key management personnel-Non Executive and Independent DirectorAny other transactionCommission/Sitting fees/expenses reimbursement*0NA660000000Hero Motocorp Ltd.******Ms. Camille Tang******Key management personnel-Non Executive and Independent DirectorAny other transactionCommission/Sitting fees/expenses reimbursement*0NA350000000Hero Motocorp Ltd.******Mr. Rajnish Kumar******Key management personnel-Non Executive and Independent DirectorAny other transactionCommission/Sitting fees/expenses reimbursement*0NA280000000Hero Motocorp Ltd.******Ms. Vasudha Dinodia******Key management personnel-Non Executive DirectorAny other transactionCommission/Sitting fees/expenses reimbursement*0NA360000000Hero Motocorp Ltd.******Mr. Annuvrat Munjal******Relatives of Key management personRemuneration5000000Approved220000000Remuneration paid is in line with their existing approved appointment contracts.Hero Motocorp Ltd.******Ather Energy Limited******AssociateAny other transactionService Income12500000Approved3900000600000-100000Hero Motocorp Ltd.******Ather Energy Limited******AssociateAny other transactionService Expense42500000Approved10700000600000-100000Hero Motocorp Ltd.******Hero FinCorp Limited******AssociateAny other transactionLease rental expenses10000000Approved000Hero Motocorp Ltd.******Hero FinCorp Limited******AssociateAny other transactionMiscellaneous expenses250000000Approved37100000-5000000Hero Motocorp Ltd.******Hero FinCorp Limited******AssociateDividend received0NA000Hero Motocorp Ltd.******Hero FinCorp Limited******AssociateDividend paid0NA10000000Hero Motocorp Ltd.******Hero FinCorp Limited******AssociateSale of goods or services1300000Approved130000000Hero Motocorp Ltd.******Hero Tech Center Germany GmbH******SubsidiariesPurchase of goods or services2000000000Approved734400000-434600000-300800000Hero Motocorp Ltd.******HMCL Colombia SAS******SubsidiariesAny other transactionSale of goods or services net of warranty5507000000Approved358690000019218000003797900000Hero Motocorp Ltd.******HMCL Colombia SAS******SubsidiariesAny other transactionExpenses reimbursed340300000Approved10740000000Hero Motocorp Ltd.******HMCL Colombia SAS******SubsidiariesAny other transactionOther operating revenues139000000Approved6770000000Hero Motocorp Ltd.******HMCL Niloy Bangladesh Limited******SubsidiariesAny other transactionSale of goods or services net of warranty5660600000Approved42656000004452000001959000000Hero Motocorp Ltd.******HMCL Niloy Bangladesh Limited******SubsidiariesAny other transactionExpenses reimbursed240000000Approved13490000000Hero Motocorp Ltd.******HMCL Niloy Bangladesh Limited******SubsidiariesAny other transactionOther operating revenues157800000Approved9190000000Hero Motocorp Ltd.******Raman Kant Munjal Foundation******Enterprises over which key management personnel and their relatives are able to exercise controlAny other transactionCSR69900000Approved3960000000Hero Motocorp Ltd.******BML Munjal University******Enterprises over which key management personnel and their relatives are able to exercise controlAny other transactionStaff Training31600000Approved82000001900000500000Hero Motocorp Ltd.******BML Munjal University******Enterprises over which key management personnel and their relatives are able to exercise controlAny other transactionCSR150000000Approved15000000000Hero Motocorp Ltd.******Raman Munjal Vidya Mandir******Enterprises over which key management personnel and their relatives are able to exercise controlAny other transactionOthers10000000Approved2900000-500000-400000Hero Motocorp Ltd.******S.R. Dinodia & LLP******Enterprises over which key management personnel and their relatives are able to exercise controlPurchase of goods or services1700000Approved170000000Hero Motocorp Ltd.******Eternal Design Private Limited******Enterprises over which key management personnel and their relatives are able to exercise controlPurchase of goods or services8000000Approved470000000Hero Motocorp Ltd.******Mr. Vikram Sitaram Kasbekar******Key management personnel-Executive DirectorSale of goods or services1100000Approved110000000Hero Motocorp Ltd.******ACIC BMU Foundation******Enterprises over which key management personnel and their relatives are able to exercise controlPurchase of goods or services2500000Approved6000000-500000HMCL Niloy Bangladesh Limited******Nitol Machineries Limited******Parties in respect of which the other Group Companies are associatePurchase of goods or services0NA01350000012700000HMCL Niloy Bangladesh Limited******Nitol Insurance Company Limited******Parties in respect of which the other Group Companies are associatePurchase of goods or services0NA20000000HMCL Niloy Bangladesh Limited******Nitol Motors Limited******Parties in respect of which the other Group Companies are associateSale of goods or services0NA21000004000000HMCL Niloy Bangladesh Limited******Nitol Motors Limited******Parties in respect of which the other Group Companies are associateAny other transactionOthers0NA1800000-600000-600000HMCL Niloy Bangladesh Limited******Niloy Motors Limited******Parties in respect of which the other Group Companies are associateSale of goods or services7395000000Approved5363300000-22800000903500000HMCL Niloy Bangladesh Limited******Niloy Motors Limited******Parties in respect of which the other Group Companies are associateAny other transactionOthers514500000Approved86300000735000000HMC MM Auto Limited******Marelli Europe S.p.A.******Parties in respect of which the other Group Companies are associateAny other transactionOthers72500000Approved-4200000-63000000-55400000HMC MM Auto Limited******Marelli Europe S.p.A.******Parties in respect of which the other Group Companies are associateAny other transactionRoyalty119900000Approved4410000000HMC MM Auto Limited******Marelli Europe S.p.A.******Parties in respect of which the other Group Companies are associateInvestment0NA10000000000HMC MM Auto Limited******Marelli Europe S.p.A.******Parties in respect of which the other Group Companies are associatePurchase of goods or services2000000Approved90000000HMC MM Auto Limited******Marelli Powertrain India Private Limited******Subsidiary of the party of which Company is an associatePurchase of goods or services1099000000Approved436600000-239800000-245700000HMC MM Auto Limited******Marelli Powertrain India Private Limited******Subsidiary of the party of which Company is an associateAny other transactionExpenses reimbursed8600000Approved150000000HMC MM Auto Limited******Marelli Powertrain India Private Limited******Subsidiary of the party of which Company is an associateAny other transactionOthers25000000Approved000HMC MM Auto Limited******Marelli Powertrain India Private Limited******Subsidiary of the party of which Company is an associateAny other transactionOthers116000000Approved11600000000HMC MM Auto Limited******Marelli (China) Private Limited******Subsidiary of the party of which Company is an associateAny other transactionOthers0NA062000006200000HMC MM Auto Limited******Marelli Sistemas Automotivos Industria E Comercio Brasil Ltda******Subsidiary of the party of which Company is an associatePurchase of goods or services331700000Approved112700000-80200000-34900000HMC MM Auto Limited******Marelli Sistemas Automotivos Industria E Comercio Brasil Ltda******Subsidiary of the party of which Company is an associateAny other transactionOthers1500000Approved80000000HMC MM Auto Limited******Rockman Industries Limited******Enterprises over which key management personnel and their relatives are able to controlAny other transactionPurchase of raw materials, components and assets etc.15000000Approved4000000-3500000-1560000026461100000AuditedtrueDeloitte Haskins & Sells LLPtrue2027-07-31