Hero MotoCorp is the world's largest manufacturer of two-wheelers based in India. It has maintained the number one position globally in terms of annual unit sales since 2001. The company has a 54.6% market share in India's motorcycle market. Hero MotoCorp was formerly a joint venture between Hero Group and Honda called Hero Honda until 2010, when Honda exited the venture. The company produces a wide range of motorcycles and scooters. Its mission is to become a global enterprise meeting customer needs for mobility. The company aims to expand its global footprint and double its unit sales within five years.