Page 15 - Hero Motocorp

Hero MotoCorp rides on robust Q2 performance and better prospects

Markets give thumbs up to the two-wheeler major's performance, analysts bullish on stock

Hero Moto records 15% retail sales growth in 17 days of festival season

High demand for entry-level vehicles in this period: CGO Ranjivjit Singh

Stocks to Watch: Tata Steel, Hero Moto, Britannia, GAIL, JK Tyre, Ambuja

Stocks to watch on November 2, 2023: Two-wheeler manufacturer Hero Moto's consolidated net profit rose 47.6 per cent YoY to Rs 1,007 crore in the September quarter

Hero Moto's consolidated net profit jumps 47.6% to Rs 1,007 crore

Regarding sales volume, the company recorded 14.16 lakh units of motorcycles and scooters sold during the quarter

Hero MotoCorp Chairman Pawan Munjal to take 20% cut in fixed salary

Hero MotoCorp on Wednesday said its board has approved a 20 per cent reduction in the fixed salary of Chairman Pawan Munjal following his request. Earlier this year, Munjal decided to separate the roles of the Chairman & CEO and appoint a CEO for the company, Hero MotoCorp said in a regulatory filing. "Following this transition, he has now volunteered to reduce his fixed salary by 20 per cent. The same was approved by the Board of Directors at its meeting today (November 1) following the recommendations of the Nomination & Remuneration Committee," it added. The updated remuneration of the executive chairman will be effective January 1, 2024, the company said. According to the company's annual report for 2022-23, Munjal's remuneration was Rs 99.55 crore in the fiscal. In March this year, Hero MotoCorp announced the elevation of Niranjan Gupta as the new CEO from Chief Financial Officer, Head - Strategy and M&A, and assumed the new role with effect from May 1, 2023. Munjal ..

Hero Motocorp Ltd Q2FY24 result: Net profit jumps 47% YoY to Rs 1,007 cr

The company announced an interim dividend of Rs 35 per quity share

Hero MotoCorp reports 26% jump in total sales to 574,930 units in October

Hero MotoCorp expects the demand to remain optimistic on the back of the recent product launches in the premium segment and the ongoing festive season

Delhi HC stays proceedings against Hero MotoCorp, chairman Pawan Munjal

The stay on the operation of the FIR as well as the trial court order will remain in force till December 6, the next date of the hearing

Ola Electric to Ather Energy: EV players 'fully refund' wrongful claims

Though the defaulter companies have repaid the Rs 312.42 crore in full, only Rs 183.15 crore has actually reached the customers, the Ministry of Heavy Industries data show

Two-wheeler sales back on track; analysts expect 8-12% growth in FY24

Industry experts are hoping for better numbers during the festive period's sweet spot, set to unfold over the next 42 days

LIVE news updates: Cricket to feature in Los Angeles 2028 Olympic

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No FIR filed against Chairman Pawan Munjal, says Hero MotoCorp

It may also be noted that while the complainant has mentioned company officials, however, no official has been named in the FIR, the company said

Harley's most affordable bike X440 delivery to begin on October 15

The bike was launched at a starting price of Rs 2.29 lakh, however, it was later raised by Rs 10,500 to Rs 2,39,500

Stocks to Watch today: Marico, OMCs, Sheela Foam, Suryoday SFB, defence

Stocks to Watch on Thursday, October 5, 2023: The government, on Wednesday, released the fifth Positive Indigenisation List (PIL) of 98 items which will be procured by the three armed services

Two-wheeler sales of four major companies grow by 0.7% in September

This contrasts sharply with the passenger vehicle (PV) market, where automotive manufacturers are posting record sales numbers

Hero MotoCorp to hike prices of select models by 1% from October 3

Hero MotoCorp on Friday said it will increase prices of select motorcycles and scooters by around 1 per cent from October 3. The company will make a marginal revision in the ex-showroom prices of select motorcycles and scooters, effective from October 3, 2023, the country's largest two-wheeler maker said in a statement. The price increase will be around 1 per cent, and the exact quantum of increase will vary by specific models and markets, it added. The price revision is part of our regular review of product competitiveness and positioning, factoring inflation, margins and market share, the company stated.

Bajaj Auto launches Pulsar N150 at a starting price of Rs 1.18 lakh

The bike is available in three colours: Racing Red, Ebony Black, and Metallic Pearl White

Hero revises price of Karizma XMR 210; new price, booking to start Oct 1

The date for the new booking window will be announced soon, which will incorporate the revised price of the bike

Policy predictability for EV adoption needed to make investments: Ather

Policy predictability is needed to make investment plans for accelerating electric mobility in the two-wheeler segment, according to electric two-wheeler maker Ather Energy Chief Business Officer Ravneet S Phokela. The company, in which Hero MotoCorp is a significant investor, expects 100 per cent electrification of the domestic two-wheeler market by 2030 even as it prepares to start exports to an India-like market in the near future. With the FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme coming to an end in March next year, Phokela said Ather is happy with the government support and the current levels of subsidy but hoped that it would be extended for another three to five years for acceleration of EV adoption. "Two requirements, extend the period of time and importantly, let there be policy predictability," he told PTI when asked about the company's wishlist for FAME III. He further said,"Unpredictability is not good for business because my busin

Stocks to Watch today, Sep 14: Adani Group, RIL, Hero Moto, Bombay Dyeing

Stocks to watch on Thursday, September 14, 2023: Delta Corp, Indiabulls Housing Finance, IEX, India Cements, Manappuram, REC and SAIL among stocks in F&O ban today.