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
The domestic two-wheeler industry has grown at 10% in the April-December period to sell 13,493,749 units
Country's largest two-wheeler maker Hero MotoCorp today unveiled an all-new model - Xtreme 200R - as part of its plans to strengthen presence in the premium segment. The new product powered by a 200cc air-cooled engine will hit markets across the country in April this year. "The all-new Xtreme 200R is a bold and focussed step towards reshaping our presence in the premium segment," Hero MotoCorp Head of Global Product Planning Malo Le Masson told reporters here. Starting this year, the company would focus on the 150 cc and above premium segment and would continue to bring in more products in the category, he added. Powered by a BS-IV compliant 200 cc engine, the Xtreme 200R produces a maximum power of 18.4 PS. The bike can accelerate from 0-60 km/hr in 4.6 seconds and attain a top speed of 114 km/hr, the company added. "The all new Xtreme 200R is reflective of our product development capabilities and also demonstrates the strenuous R&D efforts that are underway at Her
Hero MotoCorp said it sold a record 72,07,363 units of two-wheelers in the whole of 2017
Two-wheeler market leader Hero MotoCorp today said it will increase prices of its motorcycles across models by about Rs 400 per model on an average from January to partially offset rising input costs. The company is the latest automobile firm after Hyundai, Nissan, Mahindra & Mahindra, Volkswagen, Maruti Suzuki India, Tata Motors, Ford, Toyota Kirloskar Motor, Honda Cars India, Skoda and Isuzu, to announce price hikes from early next year. "The price hike translates to about Rs 400 per model. The exact quantum of the increase will vary, basis the model and the specific market," Hero MotoCorp said in a statement. The company sells a range of motorcycles starting from entry level HF Deluxe price at Rs 42,432 onwards to Karizma ZMR tagged at around Rs 1.10 lakh. Automobile firms usually announce price hikes in December as they try to woo customers, who usually postpone purchases to acquire vehicles in the new year.