Page 3 - Hero Motocorp

Honda two-wheeler share increases after on-board norms compliance

Sales gap with Hero narrows to 45,000 units in June

Bajaj Auto stock up 2% on launch of world's 1st CNG bike; Hero Moto down 3%

Bajaj Auto launched the world's first CNG motorcycle-Freedom 125. The starting price of Bajaj Auto's first-ever CNG bike has been set at Rs 95,000

Hero MotoCorp to hike prices of motorcycles, scooters from July 1

Price rise would be upto Rs 1500 varying with models

Hero MotoCorp to raise prices of few models by up to Rs 1,500 from July

Hero MotoCorp on Monday said it will hike prices of select motorcycle and scooter models by up to Rs 1,500 with effect from July 1, 2024 in order to partially offset the impact of higher input costs. The price revision will be up to Rs 1,500 and the exact quantum of increase will vary by specific model and market, the country's largest two-wheeler maker said in a statement. "The revision has been necessitated to partially offset the impact of higher input costs," it added. Hero MotoCorp sells a range of bikes including high selling Splendor range, HF Deluxe and Glamour. Scooter range includes Xoom and Destini 125 XTEC. Shares of Hero MotoCorp were trading 0.46 per cent up at Rs 5,477.20 apiece on the BSE.

MF reclassification ahead: Hero Moto, SBI Card in focus; key levels here

As per reports seven stocks are likely to witness a switch from largecap to midcap classification and vice versa; here's what the chart suggests for select five stocks.

Hero Motocorp, JSW energy among 7 midcap stocks likely to get largecap tag

M-cap of 6 of these 7 midcap stocks has topped Rs 1 trillion

Hero MotoCorp's growth mileage: Rural recovery to power market share ride

To fuel its engine with a triple blend of rural focus, electric innovation, and a new product cycle

Hero MotoCorp to acquire additional 2.2% stake in Ather for Rs 124 cr

Hero MotoCorp on Thursday said it will acquire an additional 2.2 per cent stake in Ather Energy for Rs 124 crore. Investment is being made in the form of purchase of additional shares from an existing shareholder of Ather Energy for acquisition of up to 2.2 per cent, Hero MotoCorp said in a regulatory filing. The acquisition entails an investment of up to Rs 124 crore and is expected to be completed by July 31, 2024, it added. Hero MotoCorp currently holds a 39.7 per cent stake in Ather Energy. Bengaluru-based Ather Energy is engaged in designing, manufacturing, producing, selling, servicing, software development, and software management, in relation to electric automobiles and charging infrastructure. The company is also engaged in storage, distribution, and management systems of electric power (including energy in the form of batteries) and other ancillary services. Ather Energy posted Rs 1,753.8 crore revenue in FY24.

This Nifty 50 stock hit new high in weak market; zoomed 95% from 52-wk low

Shares of Hero MotoCorp hit a new high of Rs 5,349, surging nearly 4% on the NSE in Tuesday's intra-day trade, as compared to 5.8% decline in the Nifty 50.

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