Page 8 - Hero Motocorp

Hero MotoCorp and Bajaj Auto's July two-wheelers sales in slow lane

Hero's domestic sales dropped by 12.18 per cent YoY to 391,310 units. Bajaj's domestic sales dropped 13.62 per cent YoY in July

Hero Moto falls 7% from day's high amid report of PMLA case against Munjal

According to reports, a case has been registered against Chairman Pawan Munjal under the Prevention of Money Laundering Act (PMLA), 2002

ED raids Hero MotoCorp Chairman Munjal's residence; PMLA case registered

The DRI had recently apprehended a close aide of Pawan Munjal in possession of undeclared foreign currency

Hero MotoCorp targets to achieve 30% sales via digital channels by 2030

The country's largest two-wheeler maker, Hero MotoCorp, has set a target to achieve 30 per cent of its sales on digital platforms by 2030. The company, which sold 54 lakh units of motorcycles and scooters in the last fiscal year, is also looking to have 30 per cent women workforce in the organisation by 2030. "We have set an ambitious goal of achieving 30 per cent sales through digital channels by the year 2030," Hero MotoCorp Executive Chairman Pawan Munjal said in the company's annual report for 2022-23. The company, which produced 5.3 million units in 2022-23, has augmented user interface of digital channels, which have emerged as a preferred destination for customers' pre- and post-purchase needs, he told shareholders. Munjal said the company has invested significantly in upgrading its information technology systems, adopting advanced analytics and Artificial Intelligence (AI) tools, and in implementing automation technologies. "Our flagship project 'Digital Factory Lighthouse

TVS Motor partners with Indian Army to celebrate Kargil Vijay Diwas

An all-women motorcycle rally has been organised to commemorate the Kargil Vijay Diwas. As a part of this, 25 women riders will ride TVS Ronin motorcycles to Dras

Harley-Davidson likely to make bikes for global markets in India: Report

The American automaker launched its most affordable bike, X440, in partnership with Hero MotoCorp in India last week

Harley-Davidson banks on Hero Moto partnership to push premium bike sales

With high customs duty impeding sales of its imported big bikes in India, Harley-Davidson is banking on the partnership with Hero MotoCorp to offer locally-produced premium models in the country, according to company's Chairman, President and CEO Jochen Zeitz. India imposes 50 per cent customs duty on imported fully built up bikes, which makes the American cult bike-maker feel that partnering with Hero has turned out to be a good decision after deciding to exit its manufacturing operations in India three years back. In an interaction with PTI, Zeitz noted that the tie-up with Hero MotoCorp is allowing the Milwaukee-based bike maker to go for "volume opportunities" by introducing a competitive product in the Indian market. "And (there is) a lot of upside with much greater manufacturing capability that Hero brings in and the willingness to invest into the business, to really build us up as a brand. So, I would say it is the right decision," he said. Zeitz noted that the company woul

Bajaj-Triumph, Hero-Harley entry shifts premium bike race into top gear

Royal Enfield is also the undisputed leader in the 250cc-350cc segment, virtually owning the market at a whopping 94 per cent share

Eicher Motors extends fall, hits over 2-month low; down 11% in 3 days

Bajaj Auto and British motorcycle brand Triumph on Wednesday launched co-developed Triumph Speed 400 and Scrambler 400 X motorcycles in India.

New launches power Hero, Bajaj Auto stocks into gains, Eicher drags

The price point of the new bikes is similar to RE's top-selling Classic 350 but have more power and torque

Hero MotoCorp surges 9% in 2 days; drives past TVS Motor in mcap ranking

At 12:58 PM; Hero MotoCorp's m-cap stood at Rs 63,076 crore as compared to TVS Motors's m-cap of Rs 62,000 crore, the BSE data shows

Hero MotoCorp starts Harley-Davidson X440 bookings, deliveries in Oct

Hero MotoCorp on Tuesday said it has started bookings for the Harley-Davidson X440 motorcycle across the country with deliveries expected to commence from October onwards. The 440-cc bike, which is being manufactured by Hero MotoCorp at its Neemrana plant, could be booked online with a booking amount of Rs 5,000. The bookings commenced at 4:40 pm on Tuesday. Additionally, customers can also reserve the Harley-Davidson X440 at all Harley-Davidson dealerships and select Hero MotoCorp outlets across the country, it added. The motorcycle is available in three variants Denim, Vivid and S at an introductory price point of Rs 2.29 lakh, Rs 2.49 lakh and Rs 2.69 lakh (ex-showroom), respectively. Deliveries of Harley-Davidson X440 will commence from October 2023 onwards, the company said. The Harley-Davidson X440 marks Hero MotoCorp and Harley-Davidson's foray into the 440cc segment for the first time in India. In October 2020, Hero MotoCorp and Harley-Davidson had announced a partnershi

Harley-Davidson X440 bookings start today at Rs 5,000, full details here

The pre-booking for the newly launched Harley-Davidson X440 began today at 4.40 pm with the booking amount of Rs 5000. The motorcycle was developed in collaboration with Hero MotoCorp

Hero MotoCorp to commence Harley-Davidson X440 bookings from today

Hero MotoCorp on Tuesday said it will commence bookings for the Harley-Davidson X440 across the country from 4:40 pm onwards with deliveries expected to commence from October onwards. The 440-cc bike, which is being manufactured by Hero MotoCorp at its Neemrana plant, could be booked online with a booking amount of Rs 5,000. Additionally, customers can also reserve the Harley-Davidson X440 at all Harley-Davidson dealerships and select Hero MotoCorp outlets across the country, it added. The motorcycle is available in three variants Denim, Vivid and S at an introductory price point of Rs 2.29 lakh, Rs 2.49 lakh and Rs 2.69 lakh (ex-showroom), respectively. Deliveries of Harley-Davidson X440 will commence from October 2023 onwards, the company said. The Harley-Davidson X440 marks Hero MotoCorp and Harley-Davidson's foray into the 440cc segment for the first time in India. In October 2020, Hero MotoCorp and Harley-Davidson had announced a partnership for the Indian market. The deal

Eicher Motors cracks 6% as Hero Moto-Harley Davidson tie up for X440 bike

Priced at Rs 2.29 lakh, X440 motorbike will directly compete with Eicher Motors' Royal Enfield Classic 350's starting price of Rs 1.93 lakh and the Hunter 350's Rs 1.5 lakh

Hero MotoCorp rides in with 'most affordable' Harley at Rs 2.3 lakh

Pawan Munjal, Executive Chairman, Hero MotoCorp, told reporters, "Right now, focus clearly is on Harley-Davidson X440 for Indian consumer and for the Indian market. We are going one step at a time"

Harley-Davidson X440 motorcycle is set to launch in India today at 7.20 pm

Harley Davidson collaborated with Hero MotorCorp to produce X440 in India, and the bike is scheduled to be launched today at 7.20 p.m. The motorbike is launching specifically for the Indian market

Sensex ends above 65,000, Nifty 19,300 for the first time; RIL zooms 2.5%

Closing Bell on July 3, 2023: The S&P BSE Sensex settled at a fresh closing high of 65,205, soaring 486 points. The broader Nifty50, meanwhile, zoomed 141 points to 19,330

Harley Davidson X440 launch today: Price, specifications, what to expect

The make-in-India focus and effective use of local materials is expected to bring costs down for the Harley, enabling it to offer X440 at a competitive price

Hero MotoCorp to hike two-wheeler prices by around 1.5% from next month

Two-wheeler maker Hero MotoCorp on Friday said it will hike prices of its motorcycles and scooters by around 1.5 per cent from July 3, citing several factors, including a rise in input costs. The company, which raised prices by around 2 per cent in April this year, said the exact quantum of its latest increase would vary by specific models and markets. "The upward revision of the prices of motorcycles and scooters is part of the price review that the company undertakes from time to time, keeping in mind various factors like price positioning, input costs and business imperatives," it added. Hero MotoCorp further said it will continue with innovative financing programmes to minimise the impact on the customers. "The onset of monsoon in most parts of the country and overall economic indicators bode well for a growth in demand, and industry volumes are expected to pick up, leading into the upcoming festive season," it added.