Hero Cycles delivers first batch of made-in-India e-bikes to Europe SECTIONS Last Updated: Jun 26, 2021, 03:23 PM IST Share Synopsis Hero International – the European bike and e-bike arm of HMC – said the company's aim is to achieve an organic revenue of up to EURO 300 million by 2025, while adding EURO 200 million from inorganic growth. representative image India's Hero Motors Company (HMC) Group has said that Hero Cycles has successfully delivered its first batch of “Made in India” e-bikes to Europe. The shipment, under the HNF brand of Hero International (HIT), marks the start of the Indian bicycle major's plan to become a leader in the European Union (EU) market, the company said this week.