Published by MBA Skool Team, Last Updated: August 16, 2021
SWOT analysis of Hero Moto Corp analyses the brand by its strengths, weaknesses, opportunities & threats. In Hero Moto Corp SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Hero Moto Corp to benchmark its business & performance as compared to the competitors. Hero Moto Corp is one of the leading brands in the automobiles sector.
The article below lists the Hero Moto Corp SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Hero Moto Corp SWOT Analysis:
For Hero Moto Corp, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.
Hero Moto Corp Strengths
The strengths of Hero Moto Corp looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Hero Moto Corp :
1. Hero Moto Corp has a huge brand equity and one of the biggest players in the two wheelers Indian market 2. Excellent R&D of Hero Moto Corp, and wide variety of products in every segment. 3. Excellent distribution, over 3000 dealerships and service centers 4. Good advertising and excellent branding & marketing of Hero Moto Corp
5. More than 5000 people are employed with the organization
6. Sponsorship of many events related to sports & racing has made Hero Moto Corp a strong brand
7. The brand has received several awards & recognition for its work in the industry
8. Ad campaigns through TV, billboards, online media etc boost the brand image
Hero Moto Corp Weaknesses
The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Hero Moto Corp SWOT Analysis:
1. Intense competition from Indian and international players means limited market share growth of Hero Moto Corp 2. Most of the products have similar features and low on design and innovation
Hero Moto Corp Opportunities
The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Hero Moto Corp SWOT Analysis:
1. Two-wheeler segment is one of the most growing industries 2. Export of Hero Moto Corp bikes is limited i.e. untapped international markets
3. Introduction of bikes in the premium segment
Hero Moto Corp Threats
The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Hero Moto Corp are as mentioned:
1. Strong competition from Indian as well as international brands 2. Dependence on government policies and rising fuel prices can affect business margins for Hero Moto Corp 3. Better public transport will affect two-wheeler sales
Hero Moto Corp Competitors
There are several brands in the market which are competing for the same set of customers. Below are the top 7 competitors of Hero Moto Corp:
Hero Moto Corp has a wide product variety of motorcycles, excellent brand equity & high customer loyalty
Hero Moto Corp STP
Young boys looking for fast sporty bikes for Indian roads
Young boys in the age 18-30 middle class
Hero Moto Corp gives a bike to every person who has a hero and a winner within one’s self
Hero Moto Corp Product Portfolio
1. CBZ 2. Karizma
3. Passion 4. Pleasure
5. Splendor 6. Impulse
The above mentioned brands are the prominent products under the Hero Moto Corp product portfolio.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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