Hero MotoCorp Names Sachin Agrawal as Chief Technology Officer
Hero MotoCorp has named Sachin Agrawal to the position of Chief Technology Officer (CTO), with his tenure commencing on May 21, 2026, as part of the company's efforts to expedite its evolution in research and development.
Agrawal is set to spearhead innovation initiatives within both the Hero Centre for Innovation and Technology (CIT) and the Hero Tech Centre Germany (TCG), where he will manage the progression of product development and pioneering mobility solutions for the future.
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He transitioned from VE Commercial Vehicles, where he held the position of Executive Vice President and was the leader of R&D and Technology. This joint venture between the Volvo Group and Eicher Motors is a significant entity in the commercial vehicle industry.
With extensive experience spanning almost thirty years, Agrawal possesses a profound knowledge base in powertrain engineering, electric mobility, and cutting-edge digital technologies. He commenced his professional journey at Daewoo Motors, where he played a pivotal role in the development of the Matiz chassis system in South Korea.
Throughout his career, he has overseen the comprehensive development of diesel, CNG, electric, and hydrogen platforms.
Additionally, he has spearheaded advancements in connected mobility. His efforts have also been pivotal in the integration of artificial intelligence and machine learning, as well as in the cultivation of software-defined vehicle ecosystems.
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Agrawal has additionally held the position of Chairperson for the SIAM Frontier Technology & Innovation Group, and he formerly spearheaded the Volvo Group's Global Centre of Excellence for the Development of Medium-Duty Engines.
In the fiscal year 2026, Hero MotoCorp has substantially regained its dominance in the competitive landscape for leadership in the two-wheeler sector within the country, markedly favoring its position over Honda Motorcycle & Scooter India. This resurgence comes after a year where Honda had significantly closed the competitive gap.
Hero managed to sell 6.07 million units during the year, surpassing Honda’s 5.75 million units. This achievement widened their lead by over 310,000 units, thereby reaffirming its command in a rivalry that has progressively evolved into a contest of changing momentum. The context accentuates the remarkable nature of the recent shift.
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As late as fiscal year 2024, Hero boasted a substantial advantage, surpassing Honda in sales by approximately 890,000 units. However, fiscal year 2025 witnessed a significant shift in competitive dynamics, with Honda experiencing a remarkable uptick, primarily driven by its robust scooter lineup, reducing the sales differential to a mere 280,000 units. This development suggested the potential for a leadership transition, given Honda's accelerated market penetration contrasted with Hero's comparatively slower expansion.
Hero's market expansion was 8.1 percent, slightly surpassing Honda’s eight percent, but critically, this growth occurred from a larger foundational base, enabling Hero to reestablish its lead. This transformation was not solely about incremental growth but also about the origins of that expansion.
Hero's resurgence was deeply rooted in sectors where it has traditionally been strong while simultaneously gaining momentum in emerging markets that Honda has not yet fully capitalized on. A significant distinction has emerged in the electric vehicle sector.
Hero's Vida electric scooter lineup achieved approximately 150,000 units in fiscal year 2026, establishing a significant foothold in a market that grew to 1.4 million units, up from 1.2 million in the previous year. In contrast, Honda continued to hold a minor position despite introducing models like the Activa e and QC1, with their volumes remaining below 10,000 units. This disparity in the electric vehicle segment resulted in additional volumes for Hero at a moment when this segment is starting to impact overall market rankings.