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Hero MotoCorp Ltd News

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

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

Honda two-wheeler share increases after on-board norms compliance
Updated On : 09 Jul 2024 | 5:59 PM IST

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

Price rise would be upto Rs 1500 varying with models

Hero MotoCorp to hike prices of motorcycles, scooters from July 1
Updated On : 24 Jun 2024 | 5:02 PM IST

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.

Hero MotoCorp to raise prices of few models by up to Rs 1,500 from July
Updated On : 24 Jun 2024 | 11:41 AM IST

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.

MF reclassification ahead: Hero Moto, SBI Card in focus; key levels here
Updated On : 14 Jun 2024 | 12:12 PM IST

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's growth mileage: Rural recovery to power market share ride
Updated On : 09 Jun 2024 | 10:59 PM IST

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.

Hero MotoCorp to acquire additional 2.2% stake in Ather for Rs 124 cr
Updated On : 06 Jun 2024 | 10:21 PM IST

Auto shares rally up to 9%; Bajaj, Hero MotoCorp, M&M, TVS hit record highs

Analysts expect the 2-wheeler industry to have a healthy growth in FY25

Auto shares rally up to 9%; Bajaj, Hero MotoCorp, M&M, TVS hit record highs
Updated On : 05 Jun 2024 | 1:02 PM IST

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.

This Nifty 50 stock hit new high in weak market; zoomed 95% from 52-wk low
Updated On : 04 Jun 2024 | 3:07 PM IST

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.

Hero MotoCorp's corporate communication head Bharatendu Kabi resigns
Updated On : 31 May 2024 | 8:47 PM IST

M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data

May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.

M&M, Bajaj Auto: Nomura's preferred picks ahead of May sales data
Updated On : 31 May 2024 | 10:54 AM IST

Trade set-up for May 31: Gift Nifty, Asia stocks rise; FIIs up index shorts

All you need to know before market opens on Friday: Gift Nifty hinted of near-about 100-points opening gain as Asian shares rose this morning; FIIs long-short ratio in index futures plummeted to 0.15.

Trade set-up for May 31: Gift Nifty, Asia stocks rise; FIIs up index shorts
Updated On : 31 May 2024 | 7:18 AM IST

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

NSE Indices launch India's first EV index; Awfis Space gains 9% on debut
Updated On : 30 May 2024 | 4:37 PM IST

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 to expand electric model range to increase customer base
Updated On : 20 May 2024 | 6:36 PM IST

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 and Harley Davidson may bring more US motorcycles to India
Updated On : 20 May 2024 | 3:41 PM IST

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 stock new records; tops Rs 5,000 mark, m-cap reaches Rs 1 trn
Updated On : 14 May 2024 | 10:47 AM IST

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 joins ONDC to enhance reach, ease accessibility for customers
Updated On : 13 May 2024 | 7:35 PM IST

Honda commissions new R&D facility to accelerate electrification in India

Honda R&D (India), a unit of Honda Motor Co, on Thursday said it has commissioned a new R&D centre in Bengaluru to accelerate electrification in India. Honda has set a global target of achieving carbon neutrality in all its products and corporate activities by 2050. The company is working to make a wide range of its products carbon neutral in terms of their power sources. In the motorcycle business, Honda is aiming to achieve carbon neutrality for all its motorcycle products during the 2040s, Honda R&D (India) said in a statement. "Honda believes that in order to continue to be chosen by customers, the company needs not only respond to electrification trends, but also to create new value outside of the established framework and provide more attractive products and services," it added. The Solution R&D Centre, will incorporate advanced mobility technologies into electrified vehicle development more quickly, as well as work on software and connected services through ...

Honda commissions new R&D facility to accelerate electrification in India
Updated On : 09 May 2024 | 11:29 PM IST

Auto index hits new high in weak market; TVS Motor, Hero MotoCorp surge 6%

Auto stocks: Thus far in the calendar year 2024, the BSE Auto index has rallied 23 per cent as against 1.1 per cent gain in the S&P BSE Sensex

Auto index hits new high in weak market; TVS Motor, Hero MotoCorp surge 6%
Updated On : 09 May 2024 | 1:31 PM IST

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 zooms 6% on robust Q4 performance; brokerages remain bullish
Updated On : 09 May 2024 | 10:24 AM IST

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 result: Net profit increases by 16.4% to Rs 943 crore
Updated On : 08 May 2024 | 8:56 PM IST