In the fiscal year ended March 31, the homegrown two-wheeler major sold 78,20,745 units as compared to 59,00,840 units sold by Honda
Lacklustre wedding season, intense competition likely to dampen sales
Total income from operations for the quarter under review stood at Rs 8,052.46 crore
Higher inventory levels, muted sales volumes could cap growth rates ahead
The stock rallied 5% to Rs 3,195 trading at its highest level since September 24, 2018, on the BSE.
Hero MotoCorp Q2 net dips 3% to Rs 9.7 bn on higher expenses; shares fall 3%
New product launches key to higher volumes
Easing competitive pressures, volume growth are positives for profitability
The company says it will soon launch two new 125cc scooters to provide more excitement during the upcoming festive season
The list of states where Hero has rolled out the used vehicle facility includes Tamil Nadu and Gujarat
The 2018 Hero Karizma ZMR will be available in two colour options --- standard and dual tone --- at Rs 108,000 (ex-showroom, Delhi) and Rs 110,000 (ex-showroom, Delhi)
Hero MotoCorp skid to its 52-week low of Rs 3,266, down 3%, extending its 4% decline in the past two trading days ahead of June 2018 (Q1FY19) results on Wednesday, July 25, 2018.
First unveiled at the Auto Expo 2018, the XPulse 200 adventurer tourer is a successor of Hero Impulse, a 150cc adventurer sports tourer that was launched in 2013, and later discontinued in 2017
Spike in crude oil prices, recovery local currencies drive sales in markets abroad; Firm's Bangladesh sales up 194% in FY18, Argentina up 252%
The two variants will retail for Rs 109,750 and Rs 124,750 with a monthly subscription of Rs 700 covering charging and maintenance costs
Strong rural sales, higher festive demand, good response to new models, helped Hero record 20% growth in two-wheeler sales in March
Expecting market demand to grow significantly in the near future, Hero MotoCorp is also investing in ramping up its production capacity
The other joint venture partner's shareholding in the JV has decreased to 32% on a fully diluted basis from 49%, it added.
Hero already controls a third in Ather Energy, a start-up incubated by Indian Institute of technology
The country's largest two-wheeler maker is taking a cue from Maruti Suzuki to appeal to customers at the premium end of the market