Page 39 - Hero Motocorp

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

Hero MotoCorp widens gap over Honda in two-wheeler sales in FY19

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

Weak demand, intense competition may dent Hero MotoCorp's margins

Lacklustre wedding season, intense competition likely to dampen sales

Hero MotoCorp Q3 standalone net profit dips 4.5% to Rs 769.1 crore

Total income from operations for the quarter under review stood at Rs 8,052.46 crore

Hero MotoCorp may ride on to bumpy road, muted demand may impact revenue

Higher inventory levels, muted sales volumes could cap growth rates ahead