* Another group firm, Hero Cycles, has been the largest manufacturer of bicycles since 1986.
* Munjal led the Hero group to form a joint venture with Japan's Honda in 1984, the joint venture — Hero Honda, went on to become the world's single-largest motorcycle maker. The partnership ended in 2011.
* Munjal was among the earliest Indian industrialists to effectively implement (Just-in-Time) JIT as well as backward integration and is acknowledged as the trend-setter in the area.
* Since early days, he ran the organization with a sharp focus on current asset management, which helped evolve vendor efficiency and zero-inventory management practices at Hero.
