Page 37 - Hero Motocorp

Suzuki Motorcycle overtakes Hero MotoCorp to be third largest scooter maker

Suzuki Motorcycle India Pvt Ltd (SMIPL) has overtaken Hero MotoCorp to be the third largest scooter maker by sales in the first half (H1) of the current fiscal, according to a latest data by auto industry body SIAM. Honda Motorcycle & Scooter India (HMSI) continues to be the undisputed leader in the segment followed distantly by Chennai-based TVS Motor Company. In April-September this fiscal, SMIPL sold a total of 3,41,928 units of scooters as compared to Hero MotoCorp's 2,49,365 units, as per Society of Indian Automobile Manufacturers (SIAM) data. During the comparable period a year ago, SMIPL had sold 2,91,847 units as compared to Hero MotoCorp's 3,91,019 units. In terms of growth, SMIPL saw its scooter sales grow by 17.16 per cent in April-September this fiscal -- the only scooter maker among top the top five manufacturers to post positive numbers. Hero MotoCorp, on the other hand, witnessed a decline of 36.23 per cent in the same period. The total scooter market had declined

Ending 2019 on negative note, two-wheeler makers post decline in Dec sales

Suzuki Motorcycle India Pvt Ltd (SMIPL), however, reported a marginal increase in domestic sales last month

Hero MotoCorp sales decline 6.4% in Dec; exports see sharp fall of 26%

Total scooter sales declined 41.66 per cent to 21,220 units as compared to 36,373 units in the year-ago month

Hero MotoCorp plans to launch BS-VI upgrades of ten bikes, scooters by Feb

The country's largest two-wheeler maker Hero MotoCorp plans to drive in BS-VI upgrades of around ten products, including five top-selling bikes and scooters by February next year, as it aims to upgrade its product portfolio well before the deadline of April, 1 2020, according to sources. The two wheeler major plans to showcase the upgraded products at an event in February 2020 at its R&D centre (Centre of Innovation and Technology), in Jaipur, "Within the next 4-8 weeks, the company will launch around ten BS-VI products including its key products such as Splendor, HF Deluxe, Glamour motorcycles and Maestro Edge scooter, a company source said. Hero MotoCorp has already commenced the retail sales of its first BS-VI motorcycle, the Splendor iSmart in November 2019. The transition to the higher emission norms for the company is being driven at its R&D centre in Jaipur, which was commissioned in March 2016. Since then, Hero has further enhanced its in-house R&D capabilities by .

Hero MotoCorp to hike prices of two-wheelers by Rs 2,000 from January 1

Two-wheeler market leader Hero MotoCorp on Monday said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from January. The price increase will be across range of two-wheelers and exact quantum of the hike will vary on the basis of model and specific market, Hero MotoCorp said in a statement. It, however, did not specify reasons for the plan to hike prices. The company currently sells a range of motorcycles and scooters priced between Rs 39,900 to Rs 1.05 lakh. Last week the country's largest car maker Maruti Suzuki India had announced that would hike prices of its vehicles from January to offset rising input costs. Other car manufacturers such as Toyota, Mahindra & Mahindra and Mercedes-Benz said they were also contemplating a similar move. Hyundai Motor India and Honda Cars India, however, said they would not increase vehicle prices in January, but their products will see rise in prices when BS-VI compliant models are introduced in the market.

India must start work on replacing coal plants with renewable: Rahul Munjal

Hero Future Energies' chairman and managing director Rahul Munjal speaks on on social media, sustainability and energy efficiency

Nifty outlook and top trading ideas by CapitalVia Global Research Limited

Traders should try to buy any dip at higher levels as Nifty has maximum put OI at 12,000 which will act as major support levels for the weekly expiry

Hero MotoCorp reports 18% drop in October sales to 5,99,248 units

Two-wheeler market leader Hero MotoCorp on Friday reported 18.43 per cent decline in total sales at 5,99,248 units in October. The company had sold 7,34,668 units in the same month last year, it said in a statement. "The despatch numbers for the month of October reflect our conscious efforts at further correcting dealer inventories," Hero MotoCorp Head of Sales, After-Sales & Parts Sanjay Bhan said.

Technical calls by Religare Broking: Buy Dabur, HDFC, Hero Motocorp

Weekly Technical Recommendations by Religare Broking Ltd.

Bajaj makes first move, brings back Chetak scooter in an electric variant

In doing so, Bajaj has become the first internal combustion engine two-wheeler company to launch an all-electric two-wheeler in India

Hero MotoCorp might see reduction in earlier-projected capex of Rs 1,500 cr

There is also the anticipation of better participation from the rural markets in third and fourth quarters owing to good monsoon

Billionaire Pawan Munjal in advanced talks to invest in Ola Electric

Experts say Ola is wooing top industry veterans whose experience of building global businesses and understanding of emerging markets will be valuable to Ola Electric

Hero MotoCorp shuts plants from Aug 15-18, says market situation to blame

Company says while the closure of plants has been partly due to holidays for Independence Day and Raksha Bandhan, it also reflects the prevailing market demand scenario

From Hero MotoCorp to Bajaj Auto: Two-wheeler sales continue to go down

Hero MotoCorp and Honda Motorcycle and Scooter India saw volumes skid 23.22 per cent and 10.59 per cent, respectively

Vikram Kasbekar named Hero MotoCorp CTO in top-level management change

Kasbekar, who is currently the Executive Director Operations (Plants), will be in charge of the company's Jaipur-based Centre of Innovation and Technology (CIT).

Working on EV projects; need realistic roadmap, says Hero MotoCorp

Pawan Munjal said in the company's Annual Report for 2018-19 that the company is fully geared up for the EV challenge

Normal monsoon, new products should help Hero MotoCorp's volume growth

While its FY19 volumes were up only 3 per cent year-on-year (YoY), the first two months of FY20 have seen a fall of 12 per cent

Hero revs up for an uphill climb amid tougher norms, rising input costs

The two-wheeler maker has stepped up its premium drive to boost sales and fend off competition in its stronghold, but the efforts may be short on results

In a first, Hero offers buyback for scooters: Own one for Rs 18.5 per day

Hero has launched the offer in association with CredR, an online marketplace brand for pre-owned two-wheelers

Hero MotoCorp Q4 net profit tanks 24% to Rs 730 crore on weak sales

Hero sold 1.781 million units in January-March quarter 2019, lower from 2 million units sold in corresponding period last financial year