Hero MotoCorp Ltd (Hero MotoCorp) designs and develops technologically advanced motorcycles and scooters for customers around the world. The company offers products such as motorcycles, scooters, and spare parts. It also owns and operates a network of service stations.

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The R&D arm of the company focuses on the development of new products and models, strengthen its technical competencies and delivers electric vehicles and premium projects. It operates a world-class Center of Innovation and Technology (CIT) at Jaipur, Rajasthan, which is the global hub of R&D. Managed by more than 700 engineers from across the world, the R&D hub is used for developing the new range of mobility solutions for customers across the globe. Apart from this, the company operates a subsidiary Hero Tech Center Germany GmbH at Munich, Germany that focuses on the development of new vehicle concepts and future technologies in cooperation with the teams at CIT in Jaipur. With a motive to innovate new products, Hero MotoCorp engages with top global design and technology houses across the world, including Italy, Spain, and Thailand. In FY2022, the company incurred expenses of INR6,160 million on R&D, which as a percentage of revenue, stood at 1.8% of total revenue.