Page 9 - Hero Motocorp

Hero MotoCorp's corporate communication head Bharatendu Kabi resigns

Hero MotoCorp on Friday said Head of Corporate Communication & Corporate Social Responsibility Bharatendu Kabi has resigned from the company. In a regulatory filing, Hero MotoCorp CEO Niranjan Gupta said Kabi has decided to step down from his role after nearly two decades of service with the company. "His strategic guidance has been instrumental, especially during critical moments like the separation from our former joint venture partner Honda in 2010-11," he stated. Kabi's contributions have played a significant role in strengthening the company's brand presence, Gupta said. His last day with the company will be July 31, 2024, he added.

NSE Indices launch India's first EV index; Awfis Space gains 9% on debut

Hero FinCorp mainly offers two-wheeler financing, leveraging 2,000 retail touchpoints of Hero MotoCorp

Buy & sell ideas for May 29 from HDFC Securities: Pidilite, Hero MotoCorp

Pidilite stock price has broken out from the downward sloping trend line on the weekly chart. Stock has surpassed the previous swing high resistance

Hero MotoCorp to expand electric model range to increase customer base

Hero MotoCorp is looking to expand its presence in the electric two-wheeler segment as it aims to introduce new models below its current range to cater to a broader set of customers, as per a senior company official. The country's largest two-wheeler maker currently sells two electric scooters under its Vida range, priced between Rs 1 lakh and Rs 1.5 lakh. "We are expanding our portfolio in the first half of this year (current fiscal)..into the mid and the mass segment as well," Hero MotoCorp Chief Business Officer - Emerging Mobility BU Swadesh Srivastava said in an analyst call. With new product introductions this fiscal, the company is going to be able to play in each of the three segments of premium, mid and mass, he noted. "With this, we are looking at significant growth within this year. And we are also looking to improve our cost structures," he said. The company is going to witness huge growth in the EV segment this year as well as next year, he stated. "We are looking at

Hero MotoCorp and Harley Davidson may bring more US motorcycles to India

The market for premium motorcycles in India is expanding, and US-based two-wheeler maker Harley Davidson is keen on more joint ventures with Hero MotoCorp

Hero MotoCorp stock new records; tops Rs 5,000 mark, m-cap reaches Rs 1 trn

In the past one week, Hero MotoCorp has outperformed the market by surging 13%, against near 1% decline on the Sensex, after the company reported a stellar performance for the March quarter.

Hero MotoCorp joins ONDC to enhance reach, ease accessibility for customers

Two-wheeler major Hero MotoCorp on Monday said it has joined the Open Network for Digital Commerce (ONDC) to enhance reach and convenience and provide an easily accessible digital mode to customers. The open network will initially offer two-wheeler parts, accessories and merchandise. Customers can easily discover 'Hero Genuine Parts' by using any buyer apps on the network, such as Paytm and Mystore, among others, Hero MotoCorp said in a statement. "...With ONDC Network, we have pioneered the automotive taxonomy for the auto industry, making it easier for customers to find vehicle parts and accessories to begin with. "With this initiative, Hero MotoCorp is furthering the government's Digital India mission and we will continue to bring in more innovation in this space," Hero MotoCorp CEO Niranjan Gupta said. "When brands like Hero MotoCorp embrace the Open Network, it reaffirms our vision of driving digital transformation in the country by creating a fair and efficient ecosystem for

Hero MotoCorp zooms 6% on robust Q4 performance; brokerages remain bullish

The company's reported better-than-expected gross margins but it was offset by higher, marketing spends toward EV and premium motorcycle segments during the quarter

Hero MotoCorp Q4 result: Net profit increases by 16.4% to Rs 943 crore

The two-wheeler maker's profit for FY24 surged 33.6% Y-o-Y on the back of price hikes and strong demand

Hero MotoCorp Q4 results: Profit after tax up 16.7% at Rs 943.46 crore

Two-wheeler maker Hero MotoCorp Ltd on Wednesday reported a 16.7 per cent rise in consolidated profit after tax to Rs 943.46 crore in the fourth quarter ended on March 31, 2024, riding on higher sales. The company had posted a consolidated profit after tax of Rs 810.8 crore in the same period a year ago, Hero MotoCorp said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 9,616.68 crore as against Rs 8,434.28 crore in the corresponding period a year ago, it added. Hero MotoCorp said it sold 13.92 lakh units of motorcycles and scooters in Q4 FY24 as against 12.70 lakh units in Q4 FY23. Total expenses were higher at Rs 8,427.36 crore in the fourth quarter as compared to Rs 7,508.94 crore in the same period a year ago. For the fiscal ended March 31, 2024, consolidated profit after tax was at Rs 3,742.16 crore as compared to Rs 2.799.9 crore in the previous fiscal. Consolidated revenue from operations for FY24 stood at Rs 37,788.

Hero MotoCorp Q4 Preview: Company may report up to 27% growth in profit

Analysts anticipate a robust quarter for Hero MotoCorp, driven by healthy volume growth and strong sales figures

Stocks to Watch, May 2: Tata Motors, Wipro, Vedanta, Jindal Stainless, BSE

Stocks to Watch on Thursday, May 2, 2024: Vedanta is looking to invest $20 billion in India across all its business over the next four years

Auto, tyre shares on a roll; Nifty Auto, M&M scale new highs; here's why

Auto, tyre stock update: Shares of auto and tyre makers rallied up to 5 per cent in intra-day deals on Tuesday, lifting the Nifty Auto index to a new all-time high on upbeat outlook.

Zydus Lifesciences, Hero Motocorp, NHPC, Bosch in line for largecap upgrade

The Association of Mutual Funds in India (Amfi) announced a revised list of largecap, midcap and smallcap stocks biannually (January and July)

Hero MotoCorp receives Rs 605 crore tax demand notice from I-T dept

The country's largest two-wheeler maker Hero MotoCorp on Thursday said it has received demand notices from the Income Tax department for around Rs 605 crore, including interest, for six assessment years. On April 3, 2024, the company received assessment orders/ demand notices dated March 30, 2024, pertaining to six assessment years from the Income Tax department, the company said in a regulatory filing. The two-wheeler major is examining the orders/ notices received and shall take appropriate steps, including the filing of appeals and rectification applications, it added. The notice pertains to six assessment years, amounting to a tax demand of Rs 308.65 crore and interest thereon of Rs 296.22 crore, Hero MotoCorp said. This is on account of certain disallowances, for the assessment years 2013-14 to 2017-18 and 2019-20, it added. "In the opinion of the management, the demand raised is unsustainable in nature, and is unlikely to have material impact on financials, operations or oth

Bajaj Auto leads major 2W makers with highest domestic sales growth in FY24

TVS Motor's domestic sales jumped by 21.52 per cent Y-o-Y to 3.15 million units in FY24

Stocks to Watch, April 2: ABFRL, Infy, Hero Moto, AU SFB, Voda Idea, BDL

Stocks to Watch on Tuesday, April 2, 2024: The Board of Aditya Birla Fashion and Retail has authorised to evaluate the vertical demerger of Madura Fashion business into a separate listed entity

Shape-shifting 'L2-5' vehicle category gets road ministry green light

The L2-5 can seamlessly switch between being a two-wheeled vehicle (L2 category) or a three-wheeled vehicle (L5 category)

Female workforce grows in automotive manufacturing as tech adoption surges

Automation, skilled talent requirements, along with active measures to improve gender representation drive female hiring in the automobile industry

Stocks to Watch today: RIL, LTIMindtree, Marurti, NBCC, Axis Bk, Zee, Sugar

Stocks to watch on Thursday, February 22, 2024: As many as 15 stocks are in F&O ban today including Ashok Leyland, Balrampur Chini, Biocon, India Cement, PVR Inox and Zee Entertainment.