Page 34 - Hero Motocorp

Hero MotoCorp to invest Rs 10,000 cr for manufacturing units, R&D

The company also unveiled premium bike Xtreme 160R which will hit the markets in March

Hero MotoCorp launches BS-VI compliant Splendor+, price starts at Rs 59,600

Two-wheeler market leader Hero MotoCorp on Friday launched BS-VI compliant version of its popular Splendor+ motorcycle with price starting at Rs 59,600. The company also introduced BS-VI versions of its two scooter models -- Destini 125 and Maestro Edge 125 with price starting at Rs 64,310 and Rs 67,950 (all prices ex-showroom Delhi) respectively, Hero MotoCorp said in a statement. Commenting on the launch, Hero MotoCorp Head - Global Product Planning Malo Le Masson said, "With Splendor+ BS-VI, the updated Destini 125 BS-VI and Maestro Edge 125 BS-VI, we have migrated almost our entire portfolio shift to BS-VI norms, well ahead of the deadline." He further said,"At Hero MotoCorp we are geared-up for exciting times in the coming weeks with a lineup of new product launches, which should help in reinvigorating customer sentiments as well." The new products have been designed and developed completely in-house at the company's R&D hub - the Center of Innovation and Technology (CIT) at .

Hero MotoCorp posts 9.14% decline in profit before tax for Dec quarter

The total income declined 10.7% to Rs 7259.39 crore during the quarter compared to Rs 8128.16 crore in the same period of previous year

Hero MotoCorp Q3 consolidated net profit rises 17% to Rs 905 crore

The company had posted a net profit of Rs 772.81 crore for the corresponding period of previous fiscal, Hero MotoCorp said in a filing to the BSE.

Market Ahead, February 6: All you need to know before the Opening Bell

A total of 135 companies are scheduled to announce their December quarter earnings today including Eicher Motors, Hero MotoCorp, Sun Pharma, and RITES

Hero MotoCorp tanks 5%, Co to announce December quarter result on Thursday

HMCL is expected to report muted performance in Q3FY20E primarily tracking decline in volumes and associated perils of negative operating leverage amidst benign raw material costs, analysts say.

Hero MotoCorp total sales in January decline 13.9% to 501,622 units

The company had sold 5,82,660 units in the year-ago period, the two wheeler major said in a statement.

Hero MotoCorp starts despatching its first BS-VI scooter 'Pleasure+ 110 FI'

The country's largest two-wheeler maker Hero MotoCorp on Wednesday said it has commenced despatching of its first BS-VI compliant scooter model -- Pleasure+ 110 FI. The scooter in BS-VI avatar is priced at Rs 54,800 for self-start sheet wheel and Rs 56,800 for self-start alloy wheel trim. "We have been smoothly migrating to BS-VI norms, with the Pleasure+ 110 BS-VI coming in quick succession to the HF Deluxe and Splendor iSmart BS-VI motorcycles," Hero MotoCorp Head - Global Product Planning - Malo Le Masson said in a statement. Given the strong customer connect of brand Pleasure, the company is confident that the new Pleasure+ too will be a hit with the youth, he added. "We have lined up a slew of BS-VI products to be rolled-out in the market in the coming weeks," Masson said. The company has already introduced BS-VI compliant versions of HF Deluxe and Splendor iSmart bikes. The updated Pleasure+ 110 BS-VI has been designed and developed completely in-house at the company's R&D

Hero worship

Book review of The Making of Hero Four Brothers, Two Wheels and a Revolution that Shaped India

Stock ideas from Prabhudas Lilladher: Buy Pidilite, Hero MotoCorp

Hero MotoCorp has made another higher bottom formation pattern in the daily chart to imply strength and potential to rise further to give a breakout above the previous peak of 2,480

Maruti, Hero offer huge discounts on old models as BS-VI change nears

Maruti gives 10 days for buyers to save up to Rs 89,500; those choosing Hero bikes can save Rs 10,000

Sunil Kant Munjal recounts his father and uncles' journey of building Hero

The Munjal brothers knew bicycles. They did not have any capital, but possessed the technical knowledge and skills to make their mark in the rapidly growing bicycle industry, he writes

Number crunching

Listening to lawyers reeling out figures in decimals during lunchtime can tax judges

Hero MotoCorp's Pawan Munjal takes home Rs 59.66 cr pay in FY17

Median remuneration of the company's employees during the financial year was Rs 8.16 lakh

Munjal Kiriu Industries commissions new auto component plant in Gujarat

Eyeing the ventilated disc and drum market for car OEMs in western India, bicycle maker Hero Motors commissioned the first phase of its 1500 tonnes per month (tpm) plant in joint venture with Japan's Kiriu Industries. Hero aims to grow the turnover from its auto-components business by more than two-fold to Rs 2500 crore by 2022. Formed in 2007, Munjal Kiriu Industries Pvt Ltd (MKIPL), which already has a plant at Manesar (Haryana), has a 40 per cent share of the disc drums market in the country. Pankaj Munjal, chairman, Hero Motors Company claimed that they supply 66 per cent of the total disc-drums requirement for India's leading passenger car maker Maruti Suzuki India Ltd. "From our Manesar plant we cater to the requirements of OEMs in the North, the Mandal plant is for OEMs present in the West and the Board is also considering a plant in South," Munjal informed. He added that Hero is bullish on its auto-components business, and aims to more than double the turnover from a current ..

Slowdown pain spreads: Tata Motors, Ashok Leyland, Hero halt production

About 15,000 workers, mostly temporary and casual, out of work in auto making firms over past 2-3 months, 200,000 heads roll across dealerships

Hero MotoCorp sales dip over 15% in November as scooter biz disappoints

Total motorcycle sales were at 4,79,200 units as compared to 5,43,982 units in November last year

Bajaj Auto takes huge lead over Eicher, Hero Motors in market cap

Hero's m-cap has fallen 25% and Eicher's by 5.2% in the same period. As a result, the m-cap of Hero is nearly half that of Bajaj

Hero sharpens focus on Bangladesh, other high-growth mkts to boost volumes

As a new entrant, Hero will have to keep pursuing the Nigerian market despite a significant shrinkage in size, says Pawan Munjal

Hero MotoCorp: Re-rating hinges on scooter, premium bike growth

Rural demand will give a boost to overall volumes of the company