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Two-wheeler maker Hero MotoCorp Ltd has reported a 16.86 per cent decline in consolidated profit after tax to Rs 1,417.93 crore in the first quarter ended June 30 due to high base effect. The company had posted a consolidated net profit of Rs 1,705.65 crore in the corresponding period of previous fiscal. The previous year PAT included a onetime gain of Rs 722 crore on account of dilution of the company's share of investment in associates consequent to public issue and private placement, Hero MotoCorp said in a statement. Consolidated revenue from operations in the first quarter stood at Rs 13,126.35 crore as against Rs 9,727.75 crore in the year-ago period, the company said in a regulatory filing on Thursday. During the quarter, the company sold 16.77 lakh motorcycles and scooters, registering a 23 per cent year-on-year growth over the corresponding quarter of the previous year, Hero MotoCorp said. Total expenses in the quarter under review rose to Rs 11,621.48 crore as compared
Two-wheeler market leader Hero MotoCorp on Saturday reported an 18.6 per cent rise in total sales at 5,33,416 units in July 2026 as compared to 4,49,755 units in the same month last year. Domestic sales were at 5,01,403 units last month as compared to 4,12,397 units in July 2025, up 21.6 per cent, Hero MotoCorp said in a statement. Motorcycle sales were at 4,68,565 units last month as against 4,00,615 units in July 2025. Scooter sales were also higher at 64,851 units as against 49,140 units in the year-ago month. Exports were down 14.3 per cent at 32,013 units as against 37,358 units in the year-ago month, it added.
Aam Aadmi Party national convenor Arvind Kejriwal on Tuesday said he would write to three major automakers, seeking written assurances that the use of E20 fuel does not damage engines or reduce mileage. He also said that he would write to Prime Minister Narendra Modi regarding the "strong protest" by people against ethanol blending and would urge him that the fuel be made optional. Addressing a press conference, Kejriwal named Maruti Suzuki, Toyota Kirloskar and Hero MotoCorp, alleging that their public statements contradicted the guidance in the owner manuals of their vehicles. "I will write letters to all of them... I will tell them that your owner manual says one thing, but you are saying something else. Give in writing that if the mileage of your vehicle drops by more than 10 per cent, will you compensate the customer," Kejriwal said. "If using E20 ethanol in your vehicle damages the vehicle or causes wear and tear, will you compensate for the replacement of those components?,"