Hero Honda: Amongst the top three Indian corporates
By Our Corporate Bureau | 15 Mar 2004
Mumbai:
Hero Honda has gained the distinction of being ranked
in the top three corporates of India by Review 200, an
annual survey instituted by the prestigious business magazine,
Far Eastern Economic Review. Hero Honda has been made
it to this coveted list for the fourth consecutive time
and is also the only Indian auto company ever to make
it to this prestigious list of rankings.
Hero Honda was ranked third in the survey, behind Infosys and Reliance who were ranked first and second respectively. The Review 200 is one of the most prestigious corporate surveys in Asia and is conducted by AC Nielsen Research (Hong Kong). The survey ranks Asia''s best companies on selected qualities of corporate leadership - high quality of services and products, innovation in responding to customer needs, long-term vision, and financial soundness.
The heartening feature for Hero Honda has been that it has improved its overall ranking over the years. While the company was ranked fourth in 2001 it improved its standing to the third place in 2002, a position which it has maintained once again in the year 2003.
On parameters such as ''innovation in responding to customer needs'' the company now ranks second, moving up from its fourth place in 2002. The company has also placed second on another important parameter, that is, ''quality of products and services''.
The 2003 Review 200 survey, now in its eleventh year, ranked 153 multinational corporations in Asia and between 29 and 40 local companies in 12 key markets around the region.