Page 15 - Hero Motocorp

Stocks to Watch on Monday, June 5: SBI Life, Hero Moto, Bajaj Finserv, NTPC

Stocks to Watch today, June 5, 2023: Brent crude related stocks could see considerable action today as oil prices jumped over 2 per cent overnight, and another 2 per cent Monday morning

Hero MotoCorp hikes price of e-scooter VIDA V1 Pro by Rs 6,000 from June 1

The country's largest two-wheeler maker Hero MotoCorp has increased price of its electric scooter VIDA V1 Pro by around Rs 6,000 in order to offset the impact of curtailed subsidy structure on electric two-wheelers coming into effect from June 1. The company's flagship electric scooter VIDA V1 Pro will now be available at Rs 1,45,900 including FAME II subsidy and portable charger. This is an increase of around Rs 6,000 from the earlier pricing. When contacted, a company dealer confirmed the development and noted that the two-wheeler maker has absorbed the major impact of the reduction in subsidy under FAME II effective June 1, and passed on only a small fraction of the additional cost to the prospective buyers. A comment from the company could not be ascertained immediately. For electric two-wheelers, the maximum subsidy cap, which was 40 per cent of the ex-factory price, has been reduced to 15 per cent by the Ministry of Heavy Industries. As per the industry sources, the FAME II

Hero MotoCorp surges 4%, nears 52-week high on healthy sales in May

HMCL said the momentum is expected to continue in the coming months, driven by an uptick in customer sentiments, forecast of normal monsoon and a host of new launches in the premium segment.

Hero MotoCorp set to roll out record number of products this year: CEO

Hero MotoCorp is gearing up for highest ever model introductions this fiscal as it looks to consolidate market share especially in the premium bike segment, according to the company's CEO Niranjan Gupta. The country's largest two-wheeler maker plans to introduce new bikes, including the first product under the Hero MotoCorp-Harley Davidson tie-up, during the ongoing financial year. The company has leadership in the budget bike segment (100-110cc) and is looking to enhance presence in the 125 cc and also drive in models to bring in volumes and enhance profitability in the 160-cc and above space. "We'll have product launches every quarter of this fiscal year. Probably this fiscal, we'll see the maximum number of launches ever seen in the company's history," Gupta said in an analyst call. The company is bullish on growth prospects this year with plans to further enhance its market share across segments, he noted. "We are excited about the fiscal and expect to build on our market shar

Hero MotoCorp partners Motosport SA in Costa Rica for sales, services

Hero MotoCorp on Friday said it has roped in Motosport SA as a partner in Costa Rica. As the exclusive distributor for the sale and service of Hero MotoCorp motorcycles and scooters in the country, Motosport SA will play a key role in the rapid expansion of the company's network in Costa Rica, a key market in Central America. "With their expertise in the motorcycle market, Motosport is the ideal partner for Hero MotoCorp as we introduce our technologically-advanced and globally benchmarked products and services here. Our immediate focus is to develop a robust and widespread sales, service and spare parts network across the entire country. We expect our new range of motorcycles and scooters to excite the customers," Hero MotoCorp Head-Global Business Sanjay Bhan said in a statement. Established in 2002, Motosport SA has more than two decades of expertise in the motorcycle industry, with its sales, service and parts network spanning across the entire country. Hero MotoCorp plans to h

Stocks to Watch on May 12: Adani Total, RIL, TaMo, ONGC, Vedanta, Mankind

Stocks to watch today: Mankind Pharma has confirmed that the Income Tax Department conducted a search at some of the premises/ plants related to the Company and some of its subsidiaries

Stocks to Watch Today: L&T. DRL, Adani Group, Asian Paints, Hero Moto

Stock to Watch today: Adani Enterprises Ltd., the flagship company of Adani Group, said on Wednesday that it will hold a board meeting on May 13 to consider fund raise via issuance of equity

Launch blueprint, rural gains can help Hero MotoCorp turn the corner

Lower raw material costs aided margin recovery for the 2-wheeler sector in Q4

Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%

CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.

Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday

Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.

Hero MotoCorp Q4 net up 31% to Rs 810 cr on higher prices, better savings

Hero MotoCorp's consolidated annual net profit rose by 20.21 per cent to Rs 2,800 crore

Hero MotoCorp Q4 results: Net profit rises 37% on higher vehicle sales

The company's profit jumped to Rs 859 crore ($105 million) for the three months ended March 31 from Rs 627 crore a year earlier

Stocks to Watch: Titan, Tata Chem, Adani Group, RIL, Petronet, Apollo Micro

Stocks to watch on May 04, 2023: Adani Enterprises, Bombay Dyeing, Dabur, HDFC, Hero MotoCorp, Tata Power and TVS Motors may see some action owing to Q4 results on Thursday.

Hero MotoCorp to bump up presence of VIDA V1 e-scooter to 100 cities

Hero MotoCorp on Wednesday said it will scale up the presence of its electric scooter range under the VIDA brand to 100 cities this year. The company, which also announced a cut of around Rs 20,000 in the prices of VIDA V1 Plus and VIDA V1 Pro scooters, said it will utilise its existing dealer network to rapidly scale up electric vehicle operations across the country. "In line with our vision to democratise green mobility and expedite the growth of the electric vehicle (EV) category, we are set for a rapid expansion of VIDA across the country," Hero MotoCorp Head Emerging Mobility Business Unit Swadesh Srivastava said in a regulatory filing. The company will utilise the existing network strength of Hero MotoCorp to expand operations to 100 cities, he added. It has already commenced the expansion plan with eight new cities Pune, Ahmedabad, Nagpur, Nasik, Hyderabad, Chennai, Calicut and Kochi. VIDA brand is currently present in Bengaluru, Jaipur, and Delhi aided by nearly 300 char

Price hikes to favor Hero Moto's Q4 revenues; margins may expand: Analysts

At the bourses, shares of Hero MotoCorp have declined over 8 per cent so far this calendar year (CY23), as against 0.8 per cent rise in the S&P BSE Sensex

Hero MotoCorp's sales decline by 5% YoY to 396,107 units in April

Hero MotoCorp on Monday said its total wholesales declined 5 per cent year on year to 3,96,107 units in April. The country's largest two-wheeler maker had dispatched 4,18,622 units in the year-ago period. Domestic sales declined to 3,86,184 units from 3,98,490 units in April 2022. Exports also dipped to 9,923 units last month from 20,132 units in the year-ago period. The company expects the momentum to build up in the coming months on account of a combination of multiple factors, including a slew of new product launches, healthy growth in the country's GDP and positive consumer sentiments, Hero MotoCorp said in a statement.

Stocks to Watch: Dmart, Tata Steel, HeroMoto, Nykaa, Equitas SFB, Godrej CP

Stocks to Watch: Hero MotoCorp is now looking to cut flab and move towards a leaner organisation. It has launched a voluntary retirement scheme for its staff to make the organisation agile

Hero MotoCorp offers VRS for its staff, targets leaner organisation

It has launched a voluntary retirement scheme (VRS) for its staff as it aims to make the organisation 'agile and future-ready'

Hero MotoCorp records increase of 15% in March sales to 519,342 units

Two-wheeler maker Hero MotoCorp on Saturday reported a 15 per cent rise in total sales at 5,19,342 units for March 2023 as compared to 4,50,154 units in the same month last year. Domestic sales last month were at 5,02,730 units as against 4,15,764 units in March 2022, a growth of 21 per cent, Hero MotoCorp said in a statement. Exports were, however, lower at 16,612 units as against 34,390 units in the year-ago month. In 2022-23, the company sold 53,28,546 units as against 49,44,150 units in 2021-22, up 8 per cent. Domestic sales in FY23 stood at 51,55,793 units as compared to 46,43,526 units in FY22, a growth of 11 per cent. Exports were lower at 1,72,753 units as compared to 3,00,624 units in FY22, the company said.

Stocks to watch: RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL

Stocks to watch today: From Reliance Industries to Hero MotoCorp, here are stocks to watch in Friday's trading session