Page 18 - Hero Motocorp

Hero MotoCorp commences VIDA V1 electric scooter deliveries in Bengaluru

Hero MotoCorp on Friday said it has commenced customer deliveries of its first electric scooter VIDA V1. The first electric vehicle of the brand was delivered in Bengaluru. Deliveries in Jaipur and Delhi will follow, the company said in a statement. "Our vision with VIDA is to establish future oriented mobility trends that will benefit the customers as well as the planet. With the commencement of customer deliveries, we are beginning to realise our vision," Hero MotoCorp Chairman and CEO Pawan Munjal said. In October this year the company had forayed into the electric vehicle segment with the launch of VIDA V1, which comes with removable batteries and three-way charging options. The electric scooter has a range of 163 km on a single charge with a top speed of 80 km/hr. It is available in two variants VIDA V1 Plus at Rs 1,35,705 and VIDA V1 Pro at Rs 1,46,880 (effective on-road price Delhi), inclusive of all connected features, portable charger and charging service.

Hero MotoCorp announces resignation of Malo Le Masson; CFO takes charge

Two-wheeler maker Hero MotoCorp on Friday announced the resignation of its head of strategy, mergers and acquisitions, and global product planning Malo Le Masson, who has decided to pursue opportunities outside the company. Subsequently, Chief Financial Officer Niranjan Gupta has been given additional charge of heading strategy, mergers and acquisitions for the company, while Executive Director Vikram Kasbekar has been given the responsibility to head the key function of global product planning as an interim charge, Hero MotoCorp said in a regulatory filing. Le Masson was with Hero MotoCorp for more than six years and will continue working with the company until the end of December 2022. Gupta has been the CFO for the past six years. He is also a director on the board of several associate companies, including Ather Energy, an associate company in the electric vehicle space; HMCMM Auto Pvt Ltd, a Joint venture for fuel injection systems, and HMCL Colombia, a subsidiary of HMCL for it

Sensex snaps 8-day winning run, ends 415 pts lower; IT, Auto stocks weigh

CLOSING BELL: The NSE Nifty shut shop at 18,696, down 117 points. Broader indices - BSE Midcap and Smallcap bucked the trend, and were up 0.8 per cent and 0.7 per cent, respectively, on Friday.

Auto shares trade weak post November sales; Eicher, M&M down up to 3%

M&HCV segment witnessed mixed performance while LCV segment witnessed near double digit de-growth leading to overall de-growth in CV space.

Two-wheeler sales rise in Nov at most manufacturers on last year's low base

Some of the uptick is also attributable to the marriage season which usually perks up the volumes in the northern part of the country

Two-wheeler sales extend recovery; Hero MotoCorp posts 15.5% growth

This is the eighth consecutive month of increase in sales in the world's largest market for scooters and motorcycles

Hero MotoCorp wholesales rise by 12% to 390,932 units in November

The country's largest two wheeler maker Hero MotoCorp on Thursday said its wholesales increased by 12 per cent to 3,90,932 units. The company dispatched 3,49,393 units in November 2021. In a statement, Hero MotoCorp said it expects the momentum to build-up in the coming quarters on account of favourable economic indicators, including encouraging farm activity and positive consumer sentiments along with upcoming marriage season. In the domestic market, the company's sales rose to 3,79,839 units as compared with 3,28,862 units in November last year. However, exports declined to 11,093 units last month from 20,531 units in 2021.

Hero MotoCorp to hike prices from December 1; stock gains nearly 4%

The company said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1, due to inflationary cost pressures

Stocks to Watch: Hero MotoCorp, Castrol, Tata Consumer, HFCL, Bikaji Foods

Stocks to Watch Today: Bikaji Foods, Castrol, Hero MotoCorp, Godrej Properties, Tat Consumer, pharma and insurance related shares are likely to be in focus on Monday.

Hero MotoCorp to hike prices from Dec 1 due to inflationary costs

The country's largest two-wheeler maker Hero MotoCorp on Friday said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1. The price will increase up to Rs 1,500, and the exact quantum of the hike will vary by specific models and markets, the company said in a statement. "The upward revision of the prices of our motorcycles and scooters has been necessitated due to overall inflationary costs," Hero MotoCorp Chief Financial Officer Niranjan Gupta said. The company will continue to provide innovative financing solutions in order to cushion the impact on the customers, he added. "We have also put in place accelerated savings programmes, which will help us to offset any further cost impact, and drive improvement in margins," the two-wheeler major said. Moving forward, the economic indicators are favourable to a growth in demand, and the company expects industry volumes to pick up in coming quarters, it added.

Harley back in saddle: Rides with Hero for 'most affordable' bike

The mid-segment bike will be the first among several models planned, will be sold separately by both companies under their own brands

Hero MotoCorp opens first VIDA experience centre; commences test rides

Hero MotoCorp on Monday said it has opened its first experience centre in Bengaluru for its electric two-wheeler brand VIDA. The country's largest two-wheeler maker said it has also commenced customer test-rides of the VIDA V1 electric scooter from Monday. VIDA plans to open experience centres next in Jaipur and then Delhi with customer deliveries of the V1 scooter expected to commence from the second week of December, it added. "This experience centre is a manifestation of our vision to build experiences that create curiosity, meaningfulness and that people connect with, Hero MotoCorp , Head Emerging Mobility Business Unit (EMBU Swadesh Srivastava) said in a statement. This centre is one of the many physical assets of our omnichannel approach. Our tech-stack and physical assets are built to uplift the customer experience from just entering into a space of retail to a space where they can be part of a larger story, Srivastava said. In October , Hero MotoCorp introduced two trims

TVS Motor outperforms two-wheeler peers Hero, Bajaj in Sept quarter

Sector to see volume, margin gains on demand uptick, easing supply issues

F&O Strategy: Nandish Shah recommends Bull Spread on Hero MotoCorp

The derivative analyst from HDFC Securities recommends buying Hero MotoCorp 2750 Call and simultaneously selling 2800 Call of the November series.

Top Headlines: FM likely to begin pre-Budget talks, Musk defends layoffs

Business Standard brings you the top headlines at this hour

Hero MotoCorp, Harley Davidson close in on motorcycle platform

This is part of the larger strategy to strengthen presence in the premium segment where rival Bajaj Auto and Royal Enfield have a stronghold and in which even TVS Motor Co is making rapid strides in

Hero MotoCorp shares fall over 2.5% after Q2 earnings announcement

Shares of Hero MotoCorp on Friday fell by over 2.5 per cent after the company reported a 9 per cent decline in its consolidated net profit for the second quarter ended September 30. The stock declined 2.47 per cent to Rs 2,580.55 on the BSE. At the NSE, it dipped 2.54 per cent to Rs 2,579.05. Hero MotoCorp on Thursday reported a 9 per cent decline in its consolidated net profit at Rs 682 crore for the second quarter ended September 30, mainly due to enhanced expenses and a slight dip in sales during the period. The country's largest two-wheeler maker had reported a net profit of Rs 748 crore in the July-September period of the previous fiscal. The revenue from operations rose to Rs 9,158 crore in the September quarter compared to Rs 8,539 crore in the year-ago period, Hero MotoCorp said in a regulatory filing. The company's total expenses during the September quarter rose 9 per cent to Rs 8,292 crore from Rs 7,641 crore a year ago. The two-wheeler major said it has sold 14.28 la

Stocks to Watch: Adani Enterprises, Vi, Hero Moto, Amara Raja, Blue Star

Stocks to Watch: Vodafone India's net loss widened 6.4 per cent on a year-on-year (YoY) basis at Rs 7,595 crore in the second quarter of FY23 due to an increase in finance and operating expenses

Hero Electric to invest Rs 2,500 crore to launch 4 million units by 2026

The first stage of investment will roll out this year for a new factory in Rajasthan, where vendor units will invest another Rs 400 crore

Q2 results: Hero MotoCorp net profit falls 9% YoY to Rs 682 crore

Hero MotoCorp's consolidated net profit fell by 8.63 per cent YoY to Rs 682.28 crore in the second quarter of FY23 amid weakening rural demand