Hero Honda Motors Ltd, established in 1984 as a joint venture between the Hero Group of India and Honda of Japan, is the world's largest motorcycle manufacturer, based in Delhi. The company is recognized for its flagship models like the Splendor, which is the best-selling motorcycle globally, and has continuously innovated its product range. Despite its success, Hero Honda faces challenges such as competition from Bajaj Motors and future uncertainties regarding the joint venture structure with Honda.