Hero MotoCorp CEO Niranjan Gupta Resigns; Vikram Kasbekar Takes on Role of Acting CEO

Niranjan Gupta, the Chief Executive Officer of Hero MotoCorp Ltd, is resigning from his position “to explore new opportunities,” as announced by the largest two-wheeler manufacturer in India in an exchange filing on Friday, January 31, 2025.

Gupta’s final day in the office will be April 30, 2025, and effective May 1, 2025, Vikram Kasbekar, currently the Executive Director (Operations), will assume the role of Acting Chief Executive Officer, the company stated.

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“Participating in the journey of Hero MotoCorp has been an incredibly fulfilling experience. I am thankful to Dr. Munjal & the Board of Directors for the honor of leading this remarkable company,” stated Niranjan Gupta. “Over my eight years at Hero, I have had the chance to collaborate with a talented team and contribute to the company’s ongoing success.”

“As I transition to new opportunities, I convey my best wishes to the entire Hero MotoCorp team for a promising and progressive future,” he added.

This announcement follows the company’s declaration in late December 2024 regarding its collaboration with Harley-Davidson to develop another new motorcycle and to launch additional variants of the Harley-Davidson X440, which was jointly created.

The X440 represents the initial outcome of the Hero-Harley partnership, which dates back to 2020 when Harley Davidson ceased local assembly in India due to low demand, effectively leaving Hero in charge of existing dealerships.

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The newly appointed acting CEO, Vikram Kasbekar, expressed, “I am honored to undertake the role of Acting Chief Executive Officer at Hero MotoCorp. With over two decades of service within this remarkable organization, I am eager to collaborate closely with our talented team to foster ongoing growth and innovation. I am grateful for the confidence bestowed upon me by Dr. Munjal & the Board of Directors, and I am committed to guiding the company during this transitional phase. Together, we will build upon our strong legacy and continue to provide excellence to all our customers, partners, and stakeholders.”

In the meantime, Ram Kuppuswamy has been elevated to COO ‐ Manufacturing, and Ashutosh Varma will lead the India Business Unit as Chief Business Officer.

“Since joining Hero in 2017, Niranjan has bolstered our financial stability, established global partnerships, and laid the groundwork for the House of Strategy that will shape our future growth,” remarked Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp. “His leadership has been crucial in guiding the company into new territories. I wish him all the best and great success in his future endeavors.”

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He also noted that Hero’s EV & Emerging Mobility Business Unit (EMBU) will evolve into a completely independent entity by February 1, 2025.

Jyoti Singh will take on the role of Deputy CHRO for the EV & Emerging Mobility Business Unit.