Page 17 - Hero Motocorp

Hero MotoCorp to collaborate with US-based Zero Motorcycles on e-bikes

Two wheeler major Hero MotoCorp on Monday said it has inked a pact with the US-based Zero Motorcycles to collaborate on premium electric motorcycles. The collaboration combines the expertise of Zero in developing power trains and electric motorcycles with the scale of manufacturing, sourcing and marketing of Hero MotoCorp, the country's largest two wheeler maker said in a statement. In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in California-based Zero Motorcycles, a leading player in electric motorcycles and powertrains. "Our partnership with Zero Motorcycles is a significant milestone in our journey towards ushering in an era of sustainable clean technology in the mobility space. With Zero as our partner, we look forward to accelerate the transition of electric mobility in India and across our global markets," Hero MotoCorp Chairman & CEO Pawan Munjal said. The company has forayed into the electric scooter segment with the VIDA V1

Sensex sheds 502 pts, Nifty holds 17,300; Adani group stocks rise up to 5%

CLOSING BELL: The broader indices also outperformed, BSE Midcap and Smallcap indices were down up to 0.2 per cent as against the 0.8 per cent decline on the BSE benchmark.

Stocks to watch: HDFC Bank, NMDC, PVR, Lupin, Sunteck Realty, Tata Motors

Stocks to watch today: From HDFC to PVR, here are top stocks to watch in Thursday's trading session

Hero MotoCorp sales increases by 10% in February at 3,94,460 units

The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported a 10 per cent year-on-year increase in total wholesales at 3,94,460 units in February. The company had dispatched 3,58,254 units in the same month last year. In the domestic market, its sales rose to 3,82,317 units last month from 3,31,462 units in the same month last year. Exports, however, dipped to 12,143 units from 26,792 units in the year-ago period. "The volumes in the month of February indicate the continuously improving consumer sentiment and the company expects the positive trend to continue in the coming months, on the back of favourable economic indicators," Hero MotoCorp said in a statement.

Nifty holds 17,500, ends Feb F&O series 2% down; Sensex drops 139 pts

CLOSING BELL: The S&P BSE Sensex settled at 59,605, down 139 points or 0.23 per cent

Banks, RIL drag Sensex 311 pts down, Nifty below 17,850; Adani Ent falls 6%

CLOSING BELL: Maruti Suzuki, Kotak Bank, SBI, HDFC, Axis Bank, Titan, Bajaj Finance, HDFC Bank, ICICI Bank, Nestle India, and RIL were the top Sensex laggards, falling in the range of 1 - 1.4 per cent

FAME investigations: Subsidy crunch hurting electric two-wheeler makers

Given the development, industry insiders say that the 1-million-unit target this fiscal year may not be achieved

Hero MotoCorp looks to ramp up export contribution to overall revenues: CFO

Hero MotoCorp expects exports to contribute at least 10 per cent to the overall revenue pie in the medium to long term while aspiring to grow faster than the industry in the domestic market in next fiscal year, according to company's CFO Niranjan Gupta. At present, overseas shipments' share in the overall turnover pie is in low single digit. The country's largest two-wheeler maker, which ships its products to various geographies in Asia, Latin America and Africa, also plans to scale up its presence in the domestic premium segment. "As far as global business (exports) is concerned over the medium to longer term, we do want global business to be at least 10 per cent of our overall revenue. There are actions which are in place..," Gupta said in an analyst call. There were huge headwinds last year in a lot of key markets due to currency inflation and other factors with some of the markets like Sri Lanka even closing down, he said. "But obviously, these markets will come back and there

As volume challenges persist, Hero MotoCorp eyes recovery across segments

Margins should improve on lower raw material costs, operating leverage

Hero MotoCorp needs to recover market share in 125cc bike segment: CFO

Considering separate unit for EVs

Stocks to Watch: Bharti Airtel, Hero Moto, Adani Green, Ambuja Cement, NDTV

Stocks to Watch: Airtel reported a 91.5 per cent year-on-year rise in consolidated net profit; Adani Green Energy's consolidated net profit more than doubled to Rs 103 crore in Q3

Hero MotoCorp Q3 results: Net profit rises 2.41% amid weak demand

Hero MotoCorp on Tuesday declared an interim dividend of Rs 65 per share for FY23. "The payment of interim dividend will be completed by March 9," it added

Hero MotoCorp Q3 net profit rises 3.6%, beats estimates on price hikes

Hero MotoCorp has hiked vehicle prices four times so far in the current fiscal year

Hero MotoCorp Chairman Munjal hails Budget; seeks GST cut on two-wheelers

Hero MotoCorp Chairman Pawan Munjal has called for a reduction in GST on two-wheelers to 18 per cent from current 28 per cent, while lauding the Union Budget 2023-24 as the dawn of a new high-growth economy, ensuring India's increased contribution to the global economy. The veteran auto industry leader noted that the two-wheeler segment, which has been witnessing subdued sales over the last few years, needs government support in terms of taxation. "There is a clear case for reducing the GST slab from 28 per cent to 18 per cent for the two-wheeler category, which has been adversely impacted over the past few years. This category is a means of mass mobility and should not be clubbed along with the luxury and sin goods category for GST slabs," Munjal said in a statement. He also said: "Further, now that the GST collections are buoyant, I urge the GST council to take this up since this segment is an income multiplier and its growth will boost the economy." Hero MotoCorp, the country's

Hero MotoCorp puts scooter play in higher gear with Xoom

Sporty-looking vehicle will come in three variants, prices start Rs 68,599

Hero MotoCorp starts deliveries of e-scooter VIDA in Delhi; aims expansion

The country's largest two wheeler maker Hero MotoCorp on Wednesday said it has commenced deliveries of its electric scooter VIDA V1 in Delhi after having started the process in Bengaluru and Jaipur. The company said it is planning rapid expansion of its sales and charging network across multiple cities coinciding with the start of the sales process. "We have completed the first phase of our plan with commencement of deliveries in all three cities...Our next target is to expand our sales and charging network in India and global markets," Hero MotoCorp Head Emerging Mobility Business Unit (EMBU) Swadesh Srivastava said in a regulatory filing. Hero MotoCorp had launched VIDA V1 in October last year in two variants Pro and Plus. VIDA V1 competes with the likes of OLA S1 Pro, Ather 450X and TVS iQube.

Hero MotoCorp commences delivery of electric scooter VIDA V1 in Jaipur

Hero MotoCorp on Sunday said it has commenced deliveries of its electric scooter VIDA V1 in Jaipur with plans to introduce the brand in many other locations this year. The country's largest two-wheeler maker had earlier commenced deliveries of the model in Bengaluru. "We are now gearing up to expand our presence and further penetrate the market. Deliveries will next begin in Delhi," Hero MotoCorp Head Emerging Mobility Business Unit (EMBU) Swadesh Srivastava said in a statement. The company aims to propagate clean mobility through a seamless and hassle-free customer experience through an omni-channel approach, he added. VIDA currenty has experience centres in Bengaluru and Jaipur, and pop-up stores in Delhi-NCR, where customers can test ride VIDA V1. Deliveries in Delhi are expected to begin soon. Hero MotoCorp had launched VIDA V1 in October last year in two variants Pro and Plus. VIDA V1 competes with the likes of OLA S1 Pro, Ather 450X and TVS iQube.

Auto firms have foot on price pedal, even as commodity costs tail off

Between March 31 last year and January 13 this year, the prices of raw materials such as Aluminium, Copper and Tin have decreased at the London Metal Exchange

Two-wheeler sales growth muted in Dec on dull rural demand, high inflation

Top-5 players post a combined sales growth of just 3% YoY; experts expect recovery to take some time

Hero MotoCorp total sales fall marginally to 394,179 units in Dec

Two-wheeler maker Hero MotoCorp on Monday reported a marginal decline in total sales at 3,94,179 units for December 2022. The company had sold 3,94,773 units in the same month a year ago, Hero MotoCorp said in a statement. Domestic sales were higher by 1.83 per cent at 3,81,365 units as against 3,74,485 units in December 2021. Exports were, however, lower at 12,814 units as compared to 20,288 units in the year-ago month, the company said. Total motorcycle sales in December 2022 stood at 3,56,749 units as against 3,76,862 units in the same month a year ago. On the other hand, scooter sales were higher at 37,430 units as compared to 17,911 units in December 2021. In the three quarters of financial year 2022-23, the company said it sold more than 40.58 lakh units, a rise of 8 per cent as compared to the year-ago period.