Hero MotoCorp Ltd News

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

No coercive action needed against Hero Electric for now: Delhi HC to SFIO

Hero Electric said it was willing to resolve the dispute with the ministry, which had demanded the disgorgement of Rs 133 crore paid to the company in sops, citing alleged violations of FAME II norm

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

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

Q2 results today: Hero MotoCorp, HAL, Glenmark among 1,181 to post earnings

Q2 results today, November 14: Lemon Tree Hotels, Bharat Forge, Grasim Industries, Muthoot Finance, and Medanta to post Q2FY25 earnings on Thursday

Hero MotoCorp to expand EV business with new affordable models lined up

Hero MotoCorp is looking to scale up its presence in the electric two-wheeler space as it gears up to introduce affordable models over the next few months, according to a top company executive. The two-wheeler major is also looking to bolster its presence in Europe as it looks to enter markets like the UK, France, Spain and Italy next year. "In the next six months, there will be a lot of action in the product portfolio (in the EV space). We will be launching products (under VIDA range) in the more affordable segments as well," Hero MotoCorp CEO Niranjan Gupta told PTI in an interaction here on the sidelines of EICMA. Hero MotoCorp's VIDA electric scooter range is currently priced between Rs 1-1.5 lakh, including state subsidies, in India. The company currently sells the VIDA range in over 230 cities and towns in the country, with over 400 sales touchpoints. Gupta noted that the company has done well in the electric segment, having sold 11,600 units in the just concluded 32-day fes

Hero MotoCorp plans to enter Europe, UK markets in second half of 2025

Hero MotoCorp on Tuesday said it is planning to enter Europe and the UK markets from the second half of 2025 as it looks to further consolidate its presence overseas. The New Delhi-headquartered two-wheeler major sells its products in 48 countries across Asia, Africa, and Latin America. "Hero MotoCorp continues to be a trusted global leader, known for reliability and resilience of our machines. This enduring trust and our world-class products form the foundation as we expand into Europe and the UK," Hero MotoCorp Executive Chairman Pawan Munjal said here at EICMA. The company will enter the markets riding on a new electric scooter -- the VIDA Z. Subsequently, the company plans to expand its range to high capacity premium internal combustion engine (ICE) motorcycles. The company's existing and new product range will suitably cater to the present and future requirements of European markets, Hero MotoCorp stated. The company also announced the appointment of distributors in Italy --

Hero MotoCorp shares slide 3% as UBS maintains 'Sell' on weak rural revival

Hero MotoCorp share: According to UBS, the market's optimism around Hero MotoCorp's rural demand revival in commuter motorcycles, and a perceived turnaround in its premium 2-wheeler sales is misplaced

Nifty pivot stands at 24,800, Bank Nifty 51,800; shows F&O data

F&O market update Oct 18: The Nifty options data suggests likely resistance for the index near 24,800 - 25,000, and support between 24,500 - 24,700; says Dupesh Dhameja of SAMCO Securities.

Nifty Auto skids below 100-DMA; Bajaj Auto, Hero Moto can dip another 9%

Two-wheeler stocks bore the brunt of the selling pressure in auto on Thursday, as the Nifty Auto index plunged below its 100-DMA for the first-time in 18 months; Tech charts suggest more pain ahead.

Bajaj Auto, TVS, Hero slip up to 11% on below expectation festive demand

At 10:15 am, the BSE Auto index, the top loser among sectoral indices, was down 3 per cent, as compared to the 0.33 per cent decline in the BSE Sensex

Tech Alert: This largecap auto stock is testing its key DMA after 17 months

Hero MotoCorp stock so far on 5 occasions has successfully managed to hold the 100-DMA support, since the breakout in May 2023. Will it be sixth-time lucky too? Check upside, downside potential here.

Hero MotoCorp sales increases by 19% to 637,050 units in September

Hero MotoCorp on Tuesday said its wholesales increased 19 per cent year-on-year to 6,37,050 units in September. The two-wheeler major had dispatched 5,36,499 units to dealers in September 2023. The company said its domestic sales rose to 6,16,706 units last month from 5,19,789 units in the year-ago period. Exports rose to 20,344 units last month compared to 16,710 units in the same month last year. "A positive sentiment is prevalent in the industry as it approaches the festive season on the back of a good monsoon," the company said in a statement. The company is geared up with a host of customer offers in line with previous festive periods across its wide portfolio, it added. The company said it has a strong pipeline of bookings and is experiencing increased customer footfall leading up to the festive season. The two-wheeler major expects healthy growth during the 32-day period starting from October 3, it noted.

Auto index hits record as MSIL surges 5%, M&M, Bajaj Auto hit life highs

Thus far in calendar year 2024, the BSE Auto index has surged 46 per cent, compared to the 18 per cent rally in BSE Sensex.

Hero MotoCorp share price falls 3% in firm market; UBS maintains 'Sell'

Hero MotoCorp share price today declined 2.7 per cent in the intraday trade on Thursday. Read why global brokerage UBS sees nearly 45 per cent downside in the two-wheeler company's stock price

Hero MotoCorp's e-scooters to debut in the UK and EU markets in 2025

Indian automaker Hero MotoCorp will be entering the UK, France, and Spain markets with its Vida e-scooters

Can Nifty hit 26,000 post Fed rate cut? Check FIIs, retail bets here

Derivatives market update for Sept 18: Foreign investors continue to hold bullish bets in Nifty, Bank Nifty; while retail investors have increased short positions. Here's what experts have to say.

Hero Moto, Cipla, NTPC: Stock picks by Chandan Taparia for today, Sept 18

Stocks to buy today: The stock of Hero MotoCorp has given a range breakout on daily scale with noticeable volumes