Page 6 - Hero Motocorp

Rural sales could rebound in 'big way' in next 4-8 quarters: Hero Moto CEO

Hero MotoCorp, India's largest two-wheeler manufacturer, recorded seven per cent increase in volume sales to 5.9 million units in 2024, with rural areas accounting for about 55 per cent of total sales

Strong case for GST reduction on 2-wheelers up to 125 cc: Hero MotoCorp CEO

There is a strong case for GST reduction on two-wheelers up to 125 cc as these cater to non-sin goods but mobility option for masses in the country, Hero MotoCorp CEO Niranjan Gupta said on Wednesday. The government should also continue on the path for long-term growth, stability and investments, he added. He was answering to a query regarding wishlist for the upcoming Union Budget. "Honestly, GST is not the subject of the Union budget. But having said that, I would say there's a strong case for GST to move down from 28 to 18 per cent especially for two-wheelers, up to 125 cc, because they are meant as vehicles for masses," Gupta said. They are not sin or luxury goods but provide mobility to masses in India, he added. "The entry-level two-wheelers help generate lot of direct indirect employment. So whichever way you look at it, there is a strong case for at least two-wheelers, up to 125 cc to move down to 18 per cent GST," Gupta noted. Besides, the government should continue on t

Upgraded Hero Destini 125 scooter reveals variant prices & specs breakdown

The new Hero Destini 125 is offered in two major trim levels; the Cast Drum, which includes the VX variant, and the Cast Disc, offered in ZX and ZX+ variants

Motorcycle diaries: Hero Splendor reigns supreme, siblings lose ground

Currently, the Splendor Plus lineup has seven versions, while Deluxe has five, and Passion has just one version in the 100 CC segment

Nifty Auto on slippery ground; 13 out of 15 stocks trade below 200-DMA

Hero Moto, Tata Motors and Bharat Forge are the worst hit as shares trade at over 20% discount against the long-term moving average. Maruti, Bosch, Bajaj Auto stock could dip another 11%.

Hero MotoCorp share price drops over 3% as Dec auto sales fall 17.5% YoY

Hero MotoCorp share: Hero MotoCorp sold 324,906 units in December 2024 as against 393,952 units sold in December 2023

Hero MotoCorp gets additional tax demand of Rs 26.4 cr from I-T dept

Two-wheeler maker Hero MotoCorp Ltd on Wednesday said it has received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the assessment year 2020-21. The company received an order dated December 31, 2024, from the Deputy Commissioner of Income Tax, Central Circle 27, New Delhi for the assessment year 2020-21, Hero MotoCorp Ltd said in a regulatory filing. Stating that it had filed its income tax return for the assessment year 2020-21 on December 31, 2020, the company said the same was examined by the tax officer in detail as per the provisions of the Income Tax Act, 1961. "The tax officer has made the additions to the reported income to the tune of around Rs 96.5 crore resulting in an additional tax demand of Rs 26.4 crore (approximately)," it added. Hero MotoCorp said it is examining the order and would take appropriate steps, including filing of appeal and rectification application. "In the opinion of the management, the demand raised is unsustainable

Bajaj Auto, Hero Moto seen testing key supports in 4 yrs; Is the fall over?

After rallying up to 88% in 2024, Bajaj Auto and Hero MotoCorp have declined up to 33% from their respective peaks in the last 3 months. Is it time to buy these stocks or wait for further fall?

Derivatives Market Update: JSW Energy, Adani Group stocks see long build-up

On the other hand, Cyient, CAMS, Hero MotoCorp, ICICI General Insurance, Jio Financial Services witness short build-up in trades on Monday.

Stocks to Watch on Dec 30, 2024: TaMo, NTPC, JSW Energy, PNC Infra, BPCL

Stocks to Watch on Dec 30, 2024: From Tata Motors to NTPC, here are few stocks which will be on investors' radar today

Hero, Harley-Davidson extend ties to expand X440 and build new bike

Hero MotoCorp and Harley Davidson collaboration, ongoing since 2020, will cater to domestic and selected international markets

Stocks to Watch, Dec 5, 2024: Indus Towers, L&T, Hero MotoCorp, IGL

Stocks to Watch, Dec 5, 2024: Here is a list of stocks that will be in the limelight today

Hero's Vida V2 launch intensifies competition in sub-Rs 1 lakh EV market

Data from the Federation of Automobile Dealers Associations (FADA) shows that electric two-wheeler retail sales increased from 65,554 units in April to 1,39,159 units in October

Ola, Bajaj, TVS in head-to-head battle for electric 2W registrations in Nov

Overall sales cross 1 lakh-mark; Ola Electric has a thin lead over its rivals, accounting for 25.09 per cent share of the total registrations, followed by TVS and Bajaj

Stocks to Watch: Adani Group stocks, Zomato, RIL, Vedanta, Hero MotoCorp

Here is a list of stocks that will be eyed by investors and traders for today's session

Hero MotoCorp US partner in advanced stage of developing mid-sized e-bike

Hero MotoCorp and its US-based partner Zero Motorcycles are in the advanced stage of developing a mid-sized performance segment electric motorcycle, according to a top company executive. California-based Zero Motorcycles specialises in electric motorcycles and powertrains. In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in the company. In 2023 the companies announced collaboration for the development of premium electric bikes. "As far as EV motorcycles ... we are developing in partnership with Zero Motorcycles..it (bike) will be coming in the middle-weight segment," Hero MotoCorp CEO Niranjan Gupta said in an analyst call. He further said: "I would say it's in the advanced stage. We haven't announced the timeline as yet, but we would be looking at something which would not be too far off." The bike will come in the performance segment, Gupta stated. The company is also expanding its electric scooter range covering multiple price segme

Brokerages reiterate 'Buy' on Hero MotoCorp post Q2 results; stock rises 5%

The surge in Hero MotoCorp share price came on the back of September quarter results, which met Street expectations

Market Today: GIFT Nifty; FIIs; Hero MotoCorp Q2; Zinka Logistics IPO Day 3

In the previous session, both indices closed in the red. Sensex declined 110.64 points or 0.14 per cent to settle at 77,580.31, while Nifty50 ended at 23,532.70, losing 26.35 points or 0.11 per cent

Hero MotoCorp Q2 results: Net profit up 5.6% on high rural demand

The consolidated revenue rose to Rs 10,482.93 crore while net profit for the quarter came in at Rs 1,063 crore

Hero MotoCorp Q2 results: PAT rises 6% to Rs 1,066 crore on higher sales

The country's largest two-wheeler maker had reported a profit after tax (PAT) of Rs 1,007 crore in the July-September quarter of last fiscal