Hero will be announcing the ex-showroom prices of the new motorcycles at the time of the commencement of the products to the dealerships
Hero MotoCorp, the country's biggest two-wheeler maker, is learnt to be working on at least two electric models, for commercial rollout in the next two to three years. Development work is on at the company's research and development centre in Jaipur. Hero has also invested Rs 205 crore in Ather Energy, a Bengaluru-based entity which is developing electric two-wheelers."Hero MotoCorp intends to enhance its participation in the electric vehicle (EV) space by pursuing its internal EV programme, in addition to partnering with Ather. At the Hero Centre of Innovation and Technology (CIT) in Jaipur, we have an ongoing project exclusively dedicated to developing EVs," said a company spokesperson. The CIT was set up at an investment of Rs 850 crore; it was inaugurated in February 2016. The spokesperson did not specify the number of electric models under development. Some think it is working on three or four models, a mix of scooters and motorcycles. Hero had showcased an electric variant of ...
We will have more products in the premium segment with higher engine capacity, says Hero MotoCorp CEO
Helped by strong festive demand, financials back to form
The Hero MotoCorp stock was up 1.4 per cent after strong sales in the festive season. However, given the expectation of this momentum continuing led by demand pick up both in urban and rural markets, and looking at analysts' target prices, there is room for further upsides for the stock. The immediate trigger has been the news that the company has sold over three lakh units of two wheelers at the retail level on October 17, the day of Dhanteras. The strong conclusion to the festival season follows its record sales in September of over 7 lakh units, its highest ever on a monthly basis. Analysts highlight multiple reasons for the uptick. The most important one is the rural economy given normal monsoons after a two year gap, minimum support prices announced by the government which is among the highest in the last five years and implementation of the farm loan waiver. Sales in urban areas is also expected to pick up driven by low interest rates and gradual recovery demand. Analysts at ...
In Sept 2017, the firm became the only two-wheeler manufacturer to sell over 7 lakh units in a month
This landmark achievement in sales has been possible due to an excellent team effort: Hero MotoCorp Head of Sales
The 75 million sales milestone is in line with Hero's vision of surpassing 100 million sales by 2020
The stock hit a new high of Rs 4,044, up 2% on BSE in intra-day, extending its past two weeks gain.
Hero MotoCorp to launch a new 125 cc scooter in the fourth quarter of the ongoing fiscal
The stock was up 3% to Rs 3,838 after the company reported 17% growth 2-wheeler sales in July.
Two-wheeler major's profit estimated to range between Rs 912 cr and Rs 1,016 cr in Q1
Company already has over 50% market share in 100 cc and 150 cc bike segments
The stock up 3% to Rs 3,849 after the company reported 8.7% growth in sales at 633,884 units in May
Total income fell about 8% to Rs 7,606 cr; announces final dividend of Rs 30 per share
Analysts had muted expectation for March quarter, given the overhang of change in emission norms
Hero is also set to open its second global manufacturing facility in Bangladesh later this year
Industry was badly hit by demonetisation announced in Nov last year as rural sales took a beating
Says, with improving cash situation and consumer sentiment, volumes are gradually picking up
Income from operations slipped 9.7% to Rs 6,780 crore