Page 10 - Hero Motocorp

Hero MotoCorp losing rural 2-wheeler market share to other companies

A noticeable shift in customers' preferences from the 100cc to the 125cc segment, due to a rise in purchasing power, has also benefited HMSI, he explained

Expect 2W industry to see double-digit revenue growth: Hero MotoCorp

The domestic two-wheeler industry is expected to witness a double-digit revenue growth next fiscal with demand for premium models anticipated to gain further momentum, according to Hero MotoCorp CEO Niranjan Gupta. The country's largest two-wheeler maker, which reported a total income of Rs 10,031 crore in the October-December quarter this fiscal, also expects the entry level segment to do better going ahead. "As far as the demand is concerned, as we have been saying, we do expect the industry to grow double digit on revenue in the coming year at the least," Gupta said in an analyst call. He noted that in the domestic two-wheeler space there is a shift taking place towards premiumisation with buyers looking for feature-rich trims. Gupta stated that the entry level bike vertical, which has seen muted sales over the last few years, is also on a recovery path. "So, it's not just about the top end of India which is growing, you can see aspirations of people growing," Gupta stated. He

Auto shares rally; Maruti Suzuki, TVS, Hero Moto, Bajaj, M&M hit new highs

In the past one month, the S&P BSE Auto index has rallied 10 per cent against a 1 per cent decline in the S&P BSE Sensex

Hero MotoCorp Q3FY24 results: Net profit rises 51.3% to Rs 1,091.12 cr

Volume sales increase by 17.74% in Q3; high demand for premium products

Hero MotoCorp Q3FY24 results: Profit rises 60% to Rs 1,073 crore

Indian consumers tend to splurge during the festival period, regarded as an auspicious time for big-ticket purchases such as cars, two-wheelers and electronic goods

Stocks to Watch today, Feb 9: LIC, Zomato, Airtel, Paytm, Hero Moto, ZEE

Stocks to Watch on Friday, February 9, 2024: LIC of India reported a 49.10 per cent year-on- year (Y-o-Y) growth in net profit, at Rs 9,444.4 crore, during Q3FY24

TMS Ep623: RBI on Paytm, Hero E2W, investment strategy, Lakhpati Didi

What does RBI's move on Paytm mean for you? Can Hero ace the EV two-wheeler segment? What should be your investment strategy post Budget? Who are 'Lakhpati Didis'? All answers here

Incumbents strike back: How will electric 2W game play out for Ola, others?

There is indeed a lot of the race left. Electric, for all the hype, is just about 15 per cent of the scooter market. So, what is on the cards?

Hero Xtreme 125R launched in India; check price, features, and more

All-new Hero Xtreme 125R just launched in India, which is Hero's first bike in the 125 CC segment. Check its price, features and more

Hero MotoCorp planning to launch 3 electric scooters in 2024: CEO

Hero MotoCorp domestically sold 14,046 units of Vida in the April-December period in 2023-24. Vida comprised 4.53 per cent of its total scooter sales in the same time period, as per the SIAM data

Hero MotoCorp plans to launch 3 electric two-wheelers by early next year

With an aim to accelerate its electrification journey, Hero MotoCorp plans to bring three new electric two-wheelers in the next one year, company CEO Niranjan Gupta said on Tuesday. The company, which unveiled its new performance bike MAVRICK 440, is also ramping up production to 10,000 units a month to meet demand for motorcycles in the segment. "In FY25, we will launch electric scooters in the mid-price segment and in the economy segment to extend our Vida range," Gupta said in an interaction on the sidelines of the Hero World 2024 event here. Further, he said, "We will be launching another electric two-wheeler in the B2B last mile delivery segment, which is a big segment," he added. On the possibility of launching electric bikes through the company's tie up with California-based Zero Motorcycles, he said it will take some time as the market is still developing in India and is still costly. However, he said the technology from the partnership will be used to develop electric ...

Ram Temple inauguration reflects India's unity, rich heritage: Munjal

The inauguration of the Ram Temple in Ayodhya reflects India's unity, rich cultural heritage and resilience, Hero MotoCorp Chairman Pawan Munjal said on Tuesday. Addressing the Hero World 2024 event here, he also said for any country aspiring to achieve new heights of development, upholding its heritage is crucial. "The inauguration of the Ram Mandir yesterday at Ayodhya, once in a lifetime and a monumental event, represents a historic moment. It not only signifies a cultural milestone but also reflects unity, rich cultural heritage and resilience of our great nation," Munjal said. He further said, "I am sure you all will agree that for any country aspiring to achieve new heights of development, upholding its heritage is crucial." Munjal said India's "rich heritage and unparalleled legacy not only inspires us but also provides guidance in the right direction". "Our present day Bharat is progressing by embracing both its profound history and best aspects of modernity," he added.

Hero forays into mid-weight category with Mavrick 440: Check price, specs

With Mavrick 440, HeroMotocorp entered the "upper-premium" segment in the Indian market on Tuesday. Here are all the specifications of the new flagship bike of Hero

Hero MotoCorp partners with CG Motors to expand operations in Nepal

Hero MotoCorp and CG Motors will set-up a state-of-the-art greenfield facility for assembling products in Nepal

2-wheeler shares rally; Hero MotoCorp surges 6%, TVS m-cap nears Rs 1 trn

Shares of Hero MotoCorp have soared 18 per cent in the past one month

Hero MotoCorp stake in electric scooter firm Ather Energy capped at 40%

Nikhil Kamath, founder of online stock trading platform Zerodha, who has also taken a stake in Ather, is believed to be willing to bet more in the company. But existing investors are not selling right

Hero MotoCorp sales increase by 5% YoY to 5.49 million units in 2023

Two-wheeler maker Hero MotoCorp on Tuesday reported a 5 per cent rise in its total sales at 54.99 lakh units in 2023 as compared to 52.47 lakh units sold in the previous year. In December 2023, total sales were marginally down at 3,93,952 units as against 3,94,179 units in the year-ago month, Hero MotoCorp said in a statement. Motorcycle sales stood at 3,54,658 units last month as compared to 3,56,749 units in the corresponding period a year ago. Scooter sales in December 2023 were, however, higher at 39,294 units as against 37,430 units in the year-ago month, the company said. "With increased government spending and improved liquidity, encouraging farm activity and the upcoming marriage season, the company expects a positive momentum to build up from the fourth quarter onwards," Hero MotoCorp said.

Hero MotoCorp raises stake in Ather Energy, to buy shares worth Rs 140 cr

Ather, the manufacturer of electric two-wheelers, is also aiming to list on the Indian stock market

Stocks to Watch: PVR Inox, Hero Moto, Jupiter Wagon, Texrail, eYantra, Ami

Stocks to Watch on December 15, 2023: eYantra has received a staffing service order worth $900,000 from Nvidia; Plenty Pvt Group & Multiples Pvt Group may sell 2.3% stake in PVR Inox

Hero MotoCorp appoints Vivek Anand as CFO; Rachna Kumar as CHRO

The Company has appointed Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO)