Leadership Exodus at Hero MotoCorp

Several senior executives at Hero MotoCorp, India's leading two-wheeler manufacturer by volume, have reportedly resigned amidst growing challenges. This development comes at a time when the company's market position has hit its lowest point in a decade, with Honda Motorcycle and Scooter India surpassing Hero MotoCorp as the market leader.

The resignations include key figures such as Reema Jain, chief information and digital officer, and other members of the executive management team. This wave of departures follows closely on the heels of the exit of the company's CEO and chief business officer in February, signaling a period of significant transition for Hero MotoCorp.

Market Challenges and Future Outlook

Hero MotoCorp's total two-wheeler sales, including exports and electric vehicles, have seen a 17% decrease compared to the previous year, pushing the company to third position behind TVS Motor Co. The company's leadership is under pressure to navigate through these challenging times and restore its market dominance.