Hero Group

HDFC Capital, Hero Realty set up ₹1K cr platform for mid-income housing

HDFC Capital has tied up with Hero Realty to build a Rs 1,000 crore mid-income housing platform aimed at accelerating development across Tier 1 and Tier 2 cities

Hero MotoCorp rides the festival season tide, with GST winds at its back

Hero MotoCorp outpaces peers with 28% stock gains driven by strong festive demand, GST-led affordability boost, and rising scooter and export sales

Tessolve raises $150 mn from TPG to strengthen global delivery centres

The latest funding marks the largest fundraise for a semiconductor engineering services company in India, the company said

Hero Motors files draft papers for ₹1,200 cr IPO; looks to reduce debt

The company will issue fresh shares worth up to ₹800 crore while its existing shareholders will sell shares worth up to ₹400, the draft prospectus showed

Hero FinCorp garners ₹260 crore from investors in pre-IPO placement round

Hero FinCorp, the financial services division of two-wheeler manufacturer Hero MotoCorp, has raised Rs 260 crore in a pre-IPO placement round. This fund mobilisation led to a reduction in fresh issue size to Rs 1,840 crore from the earlier planned Rs 2,100 crore. The total IPO size now stands at Rs 3,408 crore, which includes a Rs 1,568 crore offer-for-sale (OFS) by existing investors. This marks a reduction from the earlier planned Rs 3,668 crore. Those selling shares in the OFS are -- AHVF II Holdings Singapore II Pte. Ltd, Apis Growth II (Hibiscus) Pte. Ltd, Link Investment Trust (through Vikas Srivastava) and Otter Ltd. In the pre-IPO round executed on June 5, Hero FinCorp entered into investment agreements with 12 investors, allotting 18.57 lakh shares at Rs 1,400 per share on June 13, raising Rs 259.99 crore, according to a public announcement by the company. Under this, the company allotted shares worth Rs 69 crore to Shahi Exports, RVG Jatropha Plantation (Rs 50 crore), Mo

Hero MotoCorp dispatches dip 43% in April, hit by production pause

Hero MotoCorp on Friday said its dispatches to dealers declined 43 per cent to 3,05,406 units in April hit by a three-day production pause at four plants. The company dispatched 5,33,585 units to dealers in April last year. Domestic sales declined to 288,524 units last month, down from 5,13,296 units in April last year. Exports stood at 16,882 units last month as against 20,289 units in the year-ago period. The company said it recorded 5.05 lakh registrations for its internal combustion engine (ICE) two-wheelers in April. The company has maintained a consistent month-on-month increase in retail market share throughout 2025, it added. As part of a planned operational strategy, the company implemented a temporary production halt from April 17-19 at its Dharuhera, Gurugram, Haridwar, and Neemrana facilities to facilitate supply chain alignment and conduct scheduled maintenance and infrastructure enhancements; normalisation is anticipated in May, it said.

Hero Realty appoints Rohit Kishore as its new Chief Executive Officer

Real estate company Hero Realty has appointed Rohit Kishore as its new Chief Executive Officer (CEO). Kishore has over 21 years of experience in the real estate industry, Hero Realty said in a statement on Monday. Kishore joins Hero Realty from Eldeco Properties, where he served as the CEO. Before Eldeco, he worked in many real estate companies, including Lotus Greens Developers, MARS Development, M3M India, and Bharti Realty. Hero Realty has successfully delivered projects in Ludhiana, Mohali and Haridwar. In December 2018, Hero Realty announced its foray into the Delhi-NCR property market with an investment of about Rs 900 crore to develop a premium housing project. Hero Realty is currently developing a few projects in Delhi-NCR.

Examining probe report on SEMPL, Hero; no final conclusion yet: MCA

The Ministry of Corporate Affairs (MCA) on Monday said it is examining the probe report on the affairs of Salt Experiences and Management Pvt Ltd (SEMPL) and Hero MotoCorp Ltd, and that no final conclusion should be drawn at this stage. In June 2023, an investigation was ordered into the affairs of SEMPL and Hero MotoCorp for alleged irregularities and the investigation was carried out through the Office of Regional Director (Northern Region) under the ministry. Later, the report was submitted to the ministry. In a statement on Monday, the ministry said the investigation report into the affairs of the two companies is under examination and that "no final conclusion should be drawn in this matter at this stage". The statement came amid recent reports claiming that the ministry has found no breach of corporate governance or fund diversion in the investigation. The ministry had ordered the probe in public interest under Section 210(1)(c) read with Section 216 of the Companies Act, 201

Hero MotoCorp faces challenges as market share declines, leaders quit

Company's market share is at its lowest in a decade, key executives are leaving, and new product launches have not performed as expected

New OBD emission norms to increase 2W prices by 1-2%: Hero MotoCorp

The new norms, which will come into force on vehicles produced after April 1 this year enhancing real-time emission tracking and diagnostic capabilities

Hero MotoCorp Q3FY25 results: Net profit up 1.3%, revenue rises 4.8%

The company said that on a standalone basis, it reported its highest-ever revenue for the first nine months of the financial year, reaching Rs 30,818 crore, up 10 per cent

2-wheeler market sees mixed Jan; Royal Enfield, TVS gain, Hero, Bajaj slip

"The mixed performance in the two-wheeler market isn't driven by a fundamental shift but rather a tactical one"

Motorcycle diaries: Hero Splendor reigns supreme, siblings lose ground

Currently, the Splendor Plus lineup has seven versions, while Deluxe has five, and Passion has just one version in the 100 CC segment

Hero MotoCorp gets additional tax demand of Rs 26.4 cr from I-T dept

Two-wheeler maker Hero MotoCorp Ltd on Wednesday said it has received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the assessment year 2020-21. The company received an order dated December 31, 2024, from the Deputy Commissioner of Income Tax, Central Circle 27, New Delhi for the assessment year 2020-21, Hero MotoCorp Ltd said in a regulatory filing. Stating that it had filed its income tax return for the assessment year 2020-21 on December 31, 2020, the company said the same was examined by the tax officer in detail as per the provisions of the Income Tax Act, 1961. "The tax officer has made the additions to the reported income to the tune of around Rs 96.5 crore resulting in an additional tax demand of Rs 26.4 crore (approximately)," it added. Hero MotoCorp said it is examining the order and would take appropriate steps, including filing of appeal and rectification application. "In the opinion of the management, the demand raised is unsustainable

Hero MotoCorp Q2 preview: Net profit may surge up to 11%, revenue by 9% YoY

Domestic brokerages expect Hero MotoCorp to show strong year-on-year (Y-o-Y) growth in revenue and profitability, driven by volume increases, improved realisations, and a favourable product mix

Hero MotoCorp plans to enter Europe, UK markets in second half of 2025

Hero MotoCorp on Tuesday said it is planning to enter Europe and the UK markets from the second half of 2025 as it looks to further consolidate its presence overseas. The New Delhi-headquartered two-wheeler major sells its products in 48 countries across Asia, Africa, and Latin America. "Hero MotoCorp continues to be a trusted global leader, known for reliability and resilience of our machines. This enduring trust and our world-class products form the foundation as we expand into Europe and the UK," Hero MotoCorp Executive Chairman Pawan Munjal said here at EICMA. The company will enter the markets riding on a new electric scooter -- the VIDA Z. Subsequently, the company plans to expand its range to high capacity premium internal combustion engine (ICE) motorcycles. The company's existing and new product range will suitably cater to the present and future requirements of European markets, Hero MotoCorp stated. The company also announced the appointment of distributors in Italy --

Hero Electronix may sell up to 30% stake in semiconductor firm Tessolve

Incorporated in 2004, Tessolve has been a prominent player in delivering projects for various semiconductor companies globally

Hero MotoCorp sales increases by 19% to 637,050 units in September

Hero MotoCorp on Tuesday said its wholesales increased 19 per cent year-on-year to 6,37,050 units in September. The two-wheeler major had dispatched 5,36,499 units to dealers in September 2023. The company said its domestic sales rose to 6,16,706 units last month from 5,19,789 units in the year-ago period. Exports rose to 20,344 units last month compared to 16,710 units in the same month last year. "A positive sentiment is prevalent in the industry as it approaches the festive season on the back of a good monsoon," the company said in a statement. The company is geared up with a host of customer offers in line with previous festive periods across its wide portfolio, it added. The company said it has a strong pipeline of bookings and is experiencing increased customer footfall leading up to the festive season. The two-wheeler major expects healthy growth during the 32-day period starting from October 3, it noted.

Hero Motors Ltd files preliminary papers with Sebi for Rs 900 cr IPO

Hero Motors Ltd, the auto-components firm of the Hero Motors Company (HMC) Group, on Saturday filed preliminary papers with markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO). The IPO is a combination of a fresh issue of equity shares worth Rs 500 crore and an Offer-For-Sale (OFS) of shares valued at Rs 400 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes Rs 250 crore worth of shares by O P Munjal Holdings, and Rs 75 crore each by Bhagyoday Investments and Hero Cycles. The company may consider a pre-IPO placement of Rs 100 crore. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the tune of Rs 202 crore will be used for debt payment, Rs 124 crore for purchase of equipment required for expansion in capacity of the company's facility in Gautam Buddha Nagar, Uttar Pradesh. Hero Motors is India's leading automotive technology company engaged in designing, .

Hero MotoCorp starts ops in Philippines, partners with Terrafirma Motors

Hero MotoCorp on Thursday said it has commenced operations in the Philippines. The strategic expansion marks a significant milestone in the company's efforts to strengthen its global presence, it said in a statement. Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading automotive groups in the Philippines, will serve as the exclusive assembler and distributor of the company's products and services, it added. "The commencement of operations in the Philippines will bolster our overall global presence...Partnering with TMC, a distinguished entity within the Columbian Group, we are poised to swiftly establish and expand our presence in this vital market," Hero MotoCorp CEO Niranjan Gupta said. An assembly unit and parts warehouse has been set up at Terrafirma Motors Corporation in Laguna, Philippines. Spanning over 6,000 square metre, the facility boasts an annual capacity of over 150,000 units. This new assembly facility will produce Xp