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%...
HERO MOTOCORP
Godrej Properties to develop Hero Cycles’ 4-acre plot in Gurgaon
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...
Hero unveils first touring motorcycle XPulse 200T
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...
Hero MotoCorp to raise prices of bikes and scooters from next month
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...
Hero MotoCorp starts selling first premium bike Xreme 200R, price Rs 90k
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...
Munjals and Burmans sweeten their offer for Fortis Healthcare, drop conditions
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...
Hero MotoCorp launches e-commerce portal for selling genuine parts
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...
Hero MotoCorp posts records sales for March, full year
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...
Hero MotoCorp unveils new Super Spendor 2018 with 27% more power
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...
Hero MotoCorp unveils off-roader XPulse, 125cc Maestro scooters at Auto Expo
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...
Hero MotoCorp ekes out Q3 profit growth despite commodity headwinds
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...
Hero MotoCorp reports 31% growth in two-wheeler sales in January
Hero MotoCorp reported strong auto sales numbers for January. Total two-wheeler sales rose 31% to 6.41 lakh during the month, taking the total for the financial year over the 6 mln mark with two months remaining. The performance is comparable to those of the others...
Hero Xtreme 200R to start selling from April, booking soon
Hero MotoCorp unveiled what it called an advanced, premium motorcycle in the form of Xtreme 200, something that the company said is the result of research at its Center of Innovation and Technology at Jaipur. The Xtreme 200R, which will likely be priced in the...
Here MotorCorp to increase motorcycle prices from Jan 1
Hero MotoCorp, the world’s largest two-wheeler manufacturer, said it will increase the price of its motorcycles by an average of Rs 400 each from January 1. This is being done to “partially off-set the rising input costs,” it said. However, cheaper models are likely to...
Hero MotoCorp October sales down 4.8%
Hero MotoCorp, the world’s largest two-wheeler manufacturer, said October two-wheeler sales fell 4.8% to 6.31 lakh units. Declines were also seen in its competitors’ numbers, though not to the same extent. It said the difference in sales could be explained by the early onset of...
Hero MotorCorp cuts prices over GST, reports 14% sales growth in June
Hero MotoCorp, the world’s largest two-wheeler manufacturer, reported strong June auto sales and said it cut prices for its scooters and motorcycles in most states of India. “The quantum of reduction ranges from Rs 400 to Rs 1800 on mass-selling models.” it said. The actual...
Despite discounts, Rs 5,000 cr worth of BS-III vehicles unsold
Vehicle worth Rs 5,000 cr with BS-III certification could not be sold by the deadline of March 31, the Society of Indian Automobile Manufacturers said today. In addition, it said, the industry sustained a loss of about Rs 1,000-1,500 cr due to the deadline, it...
Hero MotoCorp sets record in monthly two-wheeler sales in September
Hero MotoCorp Limited, the world’s largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year. With this, Hero MotoCorp has sold 35.6 lakh units...
Hero MotoCorp sales grows 28%, to introduce 15 new models this year
Hero MotoCorp (HMCL), one of the largest two wheeler manufacturer, reported two-wheeler sales growth of 28% for the month of August as compared to the same period previous year. The sales in month of August wasto 6,16,424 units compared with 4,80,537 units, said the company....
Hero Motocorp reports flat June sales even as rivals race ahead
Hero Motocorp reported lackluster numbers for June, with sales remaining largely flat. The company sold 5,42,362 motorcyles during the month, more or less unchanged from last year’s 5,41,594 units. In contrast, rival Yamaha Motors and TVS Motors reported strong growth for June. Yamaha Motor India...