Hero MotoCorp, the world’s largest two-wheeler manufacturer, announced new expansion plans for the Central American markets of Nicaragua and Honduras after appointing new distributors there. It said it has ‘aggressive expansion plans’ for the two countries, and plans to launch its range of premium motorcycles in both countries and expand its network in these markets. […]
Consumer-focused automakers, such as Maruti Suzuki and Hero MotoCorp, fared better than commercial vehicle makers, going by auto sales trends in December 2020. Maruti Suzuki, which accounts for around half the cars sold in India, was among the best performers, with a 20% jump in sales compared to December last year. The company sold 1.60 […]
Hero MotoCorp said it has signed an agreement to co-develop and sell “a range of premium motorcycles” with iconic US motorcycle maker Harley Davidson. The announcement comes a month after Harley Davidson decided to exit the Indian market due to poor sales. The company had been selling over 10,000 units per year during the peak […]
One of the remarkable aspects of post-lockdown two-wheeler sales in India has been the surge seen in the numbers of Hero MotoCorp, India’s largest motorcycle maker. While sales trends were largely depressed for rivals Honda (down 37% in July), Bajaj Auto (down 23%), TVS (-16%) and Royal Enfield (-23%), Hero — despite its massive market […]
Hero MotoCorp, the world’s largest two-wheeler maker, said it has cut its estimate for expenditure on capital expenses — such as factory expansion — by half for the current year due to the COVID-19 pandemic. The company had said it would invest Rs 10,000 cr in the next five to seven years for product development, […]
Hero MotoCorp said it has sold 10,000 motorcycles and two-wheelers since its dealerships and showrooms opened after a 41-day lockdown earlier this month. As of today, said the world’s largest manufacturer of motorcycles and scooters, it has opened more than 1,500 outlets and service centers which account for around 30% of the company’s total retail […]
Hero MotoCorp, Tata Motors and Royal Enfield have reported sharp declines for their August 2019 auto sales. While Hero MotoCorp, the world’s largest motorcycle manufacturer by volumes, reported a 21% fall in August sales to 5.43 lakhs, Royal Enfield reported a 24% decline and Tata Motors reported a 48% fall. Hero MotoCorp’s numbers indicated an […]
Two-wheeler manufacturer Hero MotoCorp Ltd said that it has received the BS-VI certification for its Splendor iSmart motorcycle, becoming the first two-wheeler manufacturer in India to receive the stamp. Hero MotoCorp said that it received the Type Approval Certificate from International Centre for Automotive Technology (ICAT) for the Splendor iSmart model, after it was successfully […]
Two-wheeler manufacturer Hero MotoCorp Ltd said it will launch its Maestro Edge 125 model and XPulse models by this month. The company produces scooter models such as Destini 125, Duet, Maestro Edge and Pleasure. Close to 10% of its total sales are from scooters. The Hero Maestro will now join the Destini 125 in the […]
Hero MotoCorp reported only a modest increase in November sales, after two months of record-setting performance. Overall two-wheeler sales came in at 6.10 lakhs in November, up from 6.05 lakh in the same month last year. In percentage terms, the increase is less than 1% (0.8% to be precise), despite it being a festival month. Compared […]
Godrej Fund Management and Godrej Properties said they have entered into a joint venture agreement with Hero Cycles, which belongs to the same group as Hero MotoCorp, to develop an office complex at the cycle manufacturer’s four-acre property in Gurgaon. The ‘prime office property’ will have around 1 million square feet of prime office and […]
Hero MotoCorp Ltd., the world’s largest manufacturer of two-wheelers, said it will launch its XPulse series of 200cc premium motorcycles early next year. The company announced the second in the XPulse series, the XPulse 200T. While the original XPulse is an off-roader, the ‘T’ variant is built for longer rides and, according to the company, offers […]
Hero MotoCorp, the world’s largest two-wheeler manufacturer, said it will increase the price of its two-wheelers from October 3. The prices of its motorcycles and scooters could go up by up to Rs 900 per unit. “The revision has been necessitated by the increasing commodity costs and currency depreciation. “The price hike will translate to […]
Hero MotoCorp Ltd., the world’s largest two-wheeler manufacturer, said it will start shipping its first premium motorcycle, the Xtreme 200R, from its factories next week. This marks the end to a long period of waiting for the fans of the machine that is priced at Rs 90,000 in Delhi, which is about 10% cheaper than […]
Embattled hospital chain Fortis Healthcare said it received an improved combined offer from the Munjals of Hero MotoCorp and the Burmans of Dabur Ltd. Under the revised terms, the investors are willing to invest Rs 1,500 cr, against the Rs 1,250 cr promised earlier. The upfront investment has been increased to Rs 750 crores, while […]
Hero MotoCorp has launched online shop for consumers to buy genuine parts and accessories for their Hero scooters and motorbikes. The portal, www.hgpmart.com, will be run by the company directly. However, it will tap close to 100 distributors in a ‘hub and spoke’ model for fulfillment. Consumers can buy any part by following a step-by-step […]
Hero MotoCorp said it sold 7.3 lakh motorcycles in March 2017, marking the highest number of monthly sales in its history. The strong performance also helped Hero MotoCorp make another record for the highest ever number of motorcycles sold in a year. The company sold 7.59 million (76 lakh) motorcycles and scooters in a financial […]
Hero MotoCorp said it has launched the 2018 version of its extremely successful commuter bike Super Splendor. The bike will continue to be powered by a 125cc engine. However, it more powerful compared to the outgoing version as it has a peak output power of 8.4 kW or 11 PS (horsepower) at 7,500 rotations per […]
Hero MotoCorp, India’s largest two-wheeler maker unveiled what it called India’s first adventure bike in the 200cc class, the XPulse, as well as 125cc variants of its Maestro scooters. The XPulse is Hero’s second offering in the premium motorcycle segment after the Xtreme 200R that was unveiled just a week ago. The new scooter range […]
Hero Moto Corp Ltd reported modest improvements in its top and bottom lines, with revenue rising by 5.9% and net profit up 4.3%. The company able to keep costs under control, but a dip in non-operating income prevented the gains from trickling through to the bottom line. Against an increase of 5.9% in net sales, […]
