Hero Motocorp

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

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

Market Today: Hero MotoCorp Q2; WPI; US inflation; & Niva Bupa IPO listing

In the previous session, both Sensex and Nifty extended their losing streak, each closing over 1 per cent lower. The BSE Sensex ended at 77,690.95, while the Nifty settled at 23,559.05

Hero MotoCorp Q2 preview: Net profit may surge up to 11%, revenue by 9% YoY

Domestic brokerages expect Hero MotoCorp to show strong year-on-year (Y-o-Y) growth in revenue and profitability, driven by volume increases, improved realisations, and a favourable product mix

Tremendous growth opportunity in India, Apac region: Zero Motorcycles CEO

US-based Zero Motorcycles sees tremendous growth opportunity in India where it has tied up with Hero MotoCorp for co-developing premium electric bikes, according to CEO Sam Paschel. The California-based firm, which specialises in electric motorcycles and powertrains, feels that it needs to have a product which could help it penetrate the price-sensitive market. "We see tremendous opportunities for us in those (APAC and India) markets. But I think you have to have a product that fits the use case and the price points of those markets," Zero Motorcycles CEO Sam Paschel told PTI here in an interaction. In future, the company will have models that should allow it to start penetrating the Asia Pacific and India as key markets, he added. Zero Motorcycles, which is a global leader in electric motorcycles and powertrains, currently sells the majority of its vehicles in the US and Europe. Terming Hero MotoCorp as a long-term committed development partner, Paschel noted that partners are ..

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 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.

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 Motors withdraws DRHP documents for raising Rs 900 crore through IPO

Hero Motors Ltd, the auto-components firm of the Hero Motors Company (HMC) Group, has withdrawn its documents for an initial public offering (IPO) worth Rs 900 crore, an update with markets regulator Sebi showed on Monday. In its draft papers, the company had proposed to raise Rs 500 crore through a fresh issuance of equity shares and an offer for sale (OFS) of shares valued at Rs 400 crore by promoters. Under the OFS, O P Munjal Holdings was offloading shares valued at Rs 250 crore while Bhagyoday Investments and Hero Cycles were selling shares to the tune of Rs 75 crore each. It had filed its draft red herring prospectus (DRHP) in August with Sebi to seek the regulator's nod to float IPO. Without disclosing the reason, the company said its "DRHP (was) withdrawn on October 5, 2024". Going by the draft papers, proceeds from the fresh issue was proposed to be used for debt payment and purchase of equipment required for expansion in the capacity of the company's facility in Gautam

Honda overtakes Hero MotoCorp in 2W retail sales ahead of festive season

According to figures from the Federation of Automobile Dealers Associations, Honda Motorcycle and Scooter India sold 62,537 more motorcycles and scooters than Hero MotoCorp in September 2024