Hero MotoCorp Taps Industry Veteran Harshavardhan Chitale as New CEO
Hero MotoCorp has appointed Harshavardhan Chitale as its new CEO, effective January 5, 2026. Chitale brings over 30 years of global leadership experience across various sectors. He previously served as the Global CEO of Signify's €4 billion Professional Business. Dr. Pawan Munjal, Executive Chairman, expressed confidence in Chitale's ability to drive growth and innovation. Vikram Kasbekar, the Acting CEO, will step down but continue as Executive Director and CTO.

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Hero MotoCorp , the world's largest manufacturer of motorcycles and scooters, has announced a significant leadership change that promises to shape its future trajectory. The company's Board of Directors has appointed Harshavardhan Chitale as the new Chief Executive Officer (CEO), effective January 5, 2026.
A Seasoned Leader at the Helm
Chitale brings over three decades of global leadership experience to Hero MotoCorp, with a diverse background spanning both B2B and B2C sectors. His expertise encompasses industrial automation, lighting, IT services, and digital transformation—skills that are likely to be crucial as Hero MotoCorp navigates the evolving landscape of mobility.
Impressive Track Record
Prior to joining Hero MotoCorp, Chitale served as the Global CEO of Signify's €4 billion Professional Business, where he led a workforce of 12,000 employees across 70 countries. Under his leadership, the business doubled its profitability and launched over 100 products annually, including IoT-enabled lighting ecosystems.
Chitale's career also includes notable stints as:
- Vice Chairman & Managing Director of Philips Lighting India
- CEO and Board Member at HCL Infosystems
- Leadership role at Honeywell Automation India
Academic Excellence and Entrepreneurial Spirit
An alumnus of the Indian Institute of Technology, Delhi, Chitale was awarded the Director's Gold Medal for being the best student in his graduating class. Beyond his corporate roles, he is an active angel investor in emerging sectors such as EVs, clean energy, health-tech, and agri-tech.
Strategic Vision for Hero MotoCorp
Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp, expressed confidence in Chitale's appointment, stating, "Harsh's outstanding track record in driving growth, fostering innovation, and leading global transformation makes him the ideal leader for Hero MotoCorp at this pivotal moment."
Munjal further elaborated on the company's future direction: "His vision and dynamism will accelerate our journey across electric and emerging mobility, premiumization, digitalization, sustainability, and organizational renewal — shaping the future of mobility and beyond."
Leadership Transition
As part of this leadership change, Vikram Kasbekar, who has been serving as the Acting CEO, will step down from this interim role. The Board of Directors has expressed gratitude for Kasbekar's contributions during the transition period. Kasbekar will continue to serve on the Board of Hero MotoCorp as Executive Director and Chief Technology Officer.
Looking Ahead
With Chitale's appointment, Hero MotoCorp signals its intent to strengthen its position in the rapidly evolving mobility sector. His global experience and expertise in digital transformation could prove instrumental as the company navigates challenges and opportunities in electric vehicles, emerging markets, and technological advancements in the automotive industry.
As Hero MotoCorp prepares for this new chapter under Chitale's leadership, stakeholders will be watching closely to see how the company adapts to the changing landscape of global mobility and maintains its market-leading position.
Historical Stock Returns for Hero Motocorp
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-0.73% | +2.95% | +3.59% | +44.40% | -5.52% | +72.38% |