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
Hero MotoCorp and Honda Motorcycle and Scooter India saw volumes skid 23.22 per cent and 10.59 per cent, respectively
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).
Pawan Munjal said in the company's Annual Report for 2018-19 that the company is fully geared up for the EV challenge
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
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
Hero has launched the offer in association with CredR, an online marketplace brand for pre-owned two-wheelers
Hero sold 1.781 million units in January-March quarter 2019, lower from 2 million units sold in corresponding period last financial year
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.