Hero MotoCorp , the world's largest manufacturer of motorcycles and scooters, has announced the appointment of Mr. Sachin Agrawal as its Chief Technology Officer (CTO), effective Thursday, May 21, 2026. The appointment was disclosed to stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Upon Agrawal's assumption of the CTO role, Mr. Vikram Kasbekar will step down as Chief Technology Officer while continuing to serve on the Board of Hero MotoCorp as Executive Director.

Leadership Transition Details

The key details of this leadership change are summarised below:

Role and Responsibilities

Agrawal will lead the next phase of the company's R&D transformation, overseeing both the Hero Centre for Innovation and Technology (CIT) and the Hero Tech Centre Germany (TCG). His mandate encompasses advancing the company's initiatives in next-generation mobility, electrification, and alternative fuels.

Commenting on the appointment, Dr. Pawan Munjal, Executive Chairman, Hero MotoCorp, stated: "We are delighted to welcome Sachin to our leadership team. His deep expertise across mobility technologies and proven track record of driving innovation at scale make him uniquely suited to lead both our technology vision and R&D organization. As we accelerate our journey towards electrification and next-generation mobility solutions, his leadership will be instrumental in shaping a future-ready, customer-centric innovation agenda."

Profile of Sachin Agrawal

Agrawal brings over 29 years of experience in automotive Research & Development (R&D) and technology leadership. His professional background spans a broad range of domains:

• Product development and powertrain engineering
• Electric mobility and hydrogen platforms
• Connected mobility and AI/ML integration
• Software-defined vehicle ecosystems
• Intellectual property creation and innovation culture

Prior to joining Hero MotoCorp, Agrawal served as Executive Vice President & Head – R&D and Technology at VE Commercial Vehicles (a joint venture between Volvo Group and Eicher Motors), where he led a large global engineering organization and delivered several industry-first innovations. He began his career at Daewoo Motors, contributing to the design of the Matiz chassis system in South Korea.

Agrawal has also served as Chairperson of the SIAM Frontier Technology & Innovation Group and led the Volvo Group's Global Center of Excellence for Medium Duty Engine Development.

Academic and Professional Credentials

Agrawal is an alumnus of IIT Bombay (M.Tech, Mechanical Design – Gold Medalist) and a Leadership Fellow from Carnegie Mellon University. His academic background, combined with his industry experience across diesel, CNG, electric, and hydrogen platforms, positions him as a seasoned technology leader in the automotive sector.

Compliance and Disclosure

The appointment was formally communicated to the National Stock Exchange of India Ltd. and BSE Limited on May 4, 2026, by Mr. Prabhat Singh, Company Secretary & Compliance Officer, Hero MotoCorp Limited, in accordance with applicable listing regulations. The disclosure included press releases and requisite annexures detailing the profiles of both Mr. Sachin Agrawal and Mr. Vikram Kasbekar as mandated under the Listing Regulations.

hero motocorp reported a strong performance in April 2026 with dispatches of 566,086 units as compared to 305,406 units during the same period last year. Domestic retail performance remained robust during the month, with 552,713 VAHAN registrations indicating growth of approximately 8%. The data from VAHAN excludes Telangana as of May 1, 2026.

Strong Domestic Momentum Across Categories

VIDA, Hero MotoCorp's Emerging Mobility business, continued its strong upward momentum, more than doubling dispatches with record year-on-year growth of 129%. Strengthening its commitment to accelerating India's EV ecosystem, VIDA launched impactful consumer engagement initiatives. In collaboration with Kolkata Knight Riders (KKR), the "6 for 6" campaign pledged the installation of a 6kW fast charger for every six hit by the team during the season. Additionally, the "Ride Jitna, Pay Utna" Battery-as-a-Service campaign featuring KKR players was launched to deepen consumer engagement with sustainable mobility.

Marking a significant milestone, VIDA entered the Asia Book of Records with a unique campaign that saw a passionate KKR fan cover 10,500 kms on a VIDA VX2, traversing every host city – setting a record for the longest-ever electric two-wheeler journey.

The Company's ICE segment recorded its highest April dispatch in the post-pandemic period, achieving strong growth with volumes rising by 83% compared to the previous year. Growth was broad-based across Entry, Deluxe, Premium and Scooter segments, reflecting sustained consumer demand and strengthening market presence. Retail performance remained strong across regions further reinforcing Hero MotoCorp's leadership position. The Company also expanded its Channel presence with 70 new touchpoints, including new Premia outlets, taking the total Premia network to 132 outlets across the country.

Hero MotoCorp also launched a fresh campaign for its Hero Xoom scooter range featuring Ishaaan Khatter as the brand ambassador. The campaign targets young urban riders, highlighting speed, agility, style and self-expression.

Global Business Continued Its Upward Trajectory

The Company's Global Business recorded robust growth with dispatches of 33,653 units. Strengthening its presence in South America, the Company has recently partnered with Quilmotors as its exclusive distributor in Ecuador to build a future-ready ecosystem – including assembly operations, network development, sales, after-sales service and spare parts distribution in the country. Steady demand for premium motorcycles and scooters continues to fuel strong growth across its key international markets.

Dispatch Data

Source: Company/INE158A01026/08dda8acc28244ec.pdf