Page 16 - Hero Motocorp

Top headlines: War disrupts supply chain; Hero MotoCorp faces I-T probe

Finance Minister says Russia-Ukraine war has disrupted supply chains around the world, including India. More on that in our morning wrap

I-T department detects Rs 1K-cr 'bogus' expenses at Hero MotoCorp

The findings are learnt to be part of the tax department's initial probe into a possible tax evasion by the two-wheeler giant

Hero MotoCorp to hike prices by up to Rs 2,000 from April 5

The company will make an upward revision in the ex-showroom prices of its entire product range

Top headlines: Ruchi Soya shares surge; Hero Moto stock tanks 7%

Business Standard brings you the top headlines on Tuesday

Hero MotoCorp made over Rs 1k-cr bogus expenses, I-T search reveals: Report

Income Tax Department carried out a search and seizure operation on March 23 on Hero Motocorp and its chairman and managing director Pawan Munjal at multiple locations in Delhi-NCR

I-T searches at Hero MotoCorp CMD Pawan Munjal's premises for 'tax evasion'

About 25 locations in Delhi, Gurugram and other parts of northern India.

Hero MotoCorp says visit by income tax officials was 'routine'

Offices and residential premises of the company including that of chairman and CEO of the group, Pawan Munjal, located in Gurugram, Delhi and few other locations were covered

Top headlines: HDFC approves Rs 2-trn loans; I-T raids Hero Moto premises

Business Standard brings you the top headlines on Wednesday

Hero MotoCorp provides 108 motorbikes to police dept in HP's Hamirpur

Hero MotoCorp on Tuesday provided 108 motorbikes to the Himachal Pradesh police here under its corporate social responsibility (CSR) programme.

Amid arbitration with Hero Electric, Hero Motocorp launches new EV brand

As part of its transition to the EV business, the company has started forming tie-ups and partnerships with other firms

Hero MotoCorp shares decline over 4% after 29% drop in Feb sales

Two-wheeler market leader Hero MotoCorp had on Tuesday reported a 29 per cent decline in total wholesales at 3,58,254 units in February

Stocks to Watch: HUL, Eveready, L&T Finance, Banks, Autos, Adani Group

Auto stocks are likely to react to the monthly sales reported over the last two days. Tata Motors and M&M sales reported strong sales.

Hero MotoCorp sales dip 29% in Feb to 358,254 units, but exports rise

Domestic sales were also down 31.57 per cent at 3,31,462 units last month compared to 4,84,433 units in February 2021

Hero Electric unveils new two-wheeler model, set to launch in next quarter

Hero Electric on Tuesday unveiled a new two-wheeler Hero Eddy for the domestic market. The electric scooter is easy to manoeuver product that strikes a perfect balance between technology and convenience to fulfil the need for short-distance commutes to next-door coffee shops, golf courses and gymnasium etc, the company said in a statement. Hero Eddy comes with features like find my bike, large boot space, follow me headlamps and reverse mode. The electric scooter comes in two colours - yellow and light blue -- and would not require any license or registration. Hero Electric plans to launch the product in the next quarter. We at Hero are thrilled to announce our upcoming product Hero Eddy that will have an overwhelming on-road presence, combining smart features and stylish looks. The scooter is designed keeping in mind individual's conscious efforts to contribute towards carbon-free future combined with a hassle-free ride experience," Hero Electric MD Naveen Munjal noted. The comp

Hero MotoCorp expects 2-wheeler industry to make strong comeback in FY23

Hero MotoCorp expects the two-wheeler segment to make a strong comeback next financial year with Omicron wave subsiding and a broader economic recovery in sight, said a senior company official.

Hero MotoCorp joins hands with BPCL to set up charging infra for 2W EVs

As part of the collaboration, the two entities will first establish a substantial charging infrastructure at the existing nationwide energy station network

Businesses need to adapt to new models, unconventional thinking: Munjal

Organisations need to adapt to new models and unconventional thinking going ahead, Hero MotoCorp Chairman and CEO Pawan Munjal said

Hero MotoCorp elevates Ranjivjit Singh to new role of Chief Growth Officer

Hero MotoCorp on Monday said it has created a new position, titled Chief Growth Officer, integrating the marketing, sales and after-sales functions and has appointed Ranjivjit Singh to the post with immediate effect. Singh, who has been heading the marketing function at the two- wheeler major, is being elevated to this newly constituted role, Hero MotoCorp said in a statement. "We are now entering a new era of opportunities and growth, with the world rapidly coming out of the pandemic. As we gear up to further consolidate our leadership by leveraging these emerging opportunities, we must stay nimble and dynamic which requires synergies between the key customer-facing functions of Marketing and Sales & After-Sales, COO and Chief Human Resources Officer Mike Clarke noted. Naveen Chauhan, who has been heading the Sales & After-Sales (SAS) function since April 1, 2020, has decided to move on and pursue opportunities outside of the company. He will stay on in the organisation till

HC refers to arbitration dispute between Munjals over use of Hero trademark

The Delhi High Court has referred to a three-member arbitral tribunal the dispute between Vijay Kumar Munjal and Pawan Munjal of the Munjal Group

Sensex dips for 3rd day, slips 59 pts; Ambuja Cement falls 6%, HDFC up 1%

On the sectoral front, key indices ended in the negative zone led by the Nifty Realty index (down 1.2 per cent) and the Nifty Pharma index (down 0.8 per cent).