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Hero Motocorp Ltd., previously known as Hero Honda, is an Indian two-wheeler manufacturer situated in New Delhi, India. It is recognized as the world's largest motorcycle and scooter producer. In India, it holds a significant 46% market share within the 2-wheeler sector. The company was ranked 108th on Forbes' 200 Most Respected companies list in 2006. As of March 31, 2013, its market capitalization amounted to INR 308 billion (equivalent to USD 5.66 billion).