Background: Hero MotoCorp is the largest two wheeler manufacturer in the World. The company was formed as a JV, promoted by Hero Cycles of India (promoters - Munjal Group) and Honda motors of Japan (26% stake); Honda recently exited the JV. Hero's Indian market share is 45.2% (Motorcyle share - 56%) and 46% of its sales is from rural India. Hero sold 6.2 mn units in FY 12 & 80% of the volumes are from the 100cc Economy segment and is the market leader in that category. Its key models include Splendour...