Niranjan has been elevated from his current position as chief financial officer (CFO), head - strategy and mergers and acquisitions (M&A). Niranjan has more than 25 years of rich leadership experience in finance, mergers & acquisition, supply chain and strategy roles across business sectors including consumer goods, metals & mining, and automobiles. He has also played a significant role in forging key partnerships with global brands such as Harley Davidson and Zero Motorcycles. Niranjan also serves as a director on the board of Ather Energy, HMC MM Auto Private, and HMCL Colombia. Prior to Hero MotoCorp, Niranjan spent three years at Vedanta and 20 years in Unilever across global roles. Dr. Pawan Munjal will continue as executive chairman and whole-time director on the board. Dr. Pawan Munjal said, “Niranjan has been instrumental in defining the organization's growth story with his rich and diverse experience across finance, strategy and operational effectiveness in both developed and developing markets. His sharp focus has helped Hero MotoCorp in delivering strong cash flow over the years, while ensuring judicious capital allocation.”

Niranjan Gupta said, “The journey hereon is going to be even more exciting with focus on global expansion, premium segment, and electric mobility our vision, mission and values will continue to be the guiding light towards building the next growth story, as we further consolidate our market leadership while delighting our customers and creating shareholder value.”

Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters.

The company's net profit rose 4% to Rs 711 crore on a 2% increase in revenues to Rs 8,031 crore in Q3 FY23 over Q3 FY22.

The scrip rose 0.97% to Rs 2,325.60 on the BSE.