It has launched a voluntary retirement scheme (VRS) for its staff as it aims to make the organisation 'agile and future-ready'
His sharp focus has helped Hero MotoCorp in delivering strong cash flow over the years, while ensuring judicious capital allocation, Munjal noted
Auto index trades with a sluggish bias, may lose grip if falls below its 200-DMA
Margins should improve on lower raw material costs, operating leverage
Considering separate unit for EVs
Hero MotoCorp on Tuesday declared an interim dividend of Rs 65 per share for FY23. "The payment of interim dividend will be completed by March 9," it added
Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)
Analysts remain positive on the auto sector given the expectation of double digit volume growth coupled with benign commodity price outlook leading to healthy margin recovery.
If the moving average continues to bolster the index, the reversal could see most of the consumer index stocks performing better
In December 2022, most automobile shares flaunted negative returns, with Tata Motors leading the pack, followed by Eicher Motors and Maruti Suzuki
However, the overall market wide position dipped below Rs 2.20 lakh crore for the first time in the last six months.
Automobile stocks like Tata Motor, M&M, HeroMoto Corp, and TVS motors need to cross significant hurdle to rally further
The company said it will increase the prices of its motorcycles and scooters by up to Rs 1,500, with effect from December 1, due to inflationary cost pressures
Stocks to Watch Today: Bikaji Foods, Castrol, Hero MotoCorp, Godrej Properties, Tat Consumer, pharma and insurance related shares are likely to be in focus on Monday.
Hero MotoCorp on Monday said it has opened its first experience centre in Bengaluru for its electric two-wheeler brand VIDA. The country's largest two-wheeler maker said it has also commenced customer test-rides of the VIDA V1 electric scooter from Monday. VIDA plans to open experience centres next in Jaipur and then Delhi with customer deliveries of the V1 scooter expected to commence from the second week of December, it added. "This experience centre is a manifestation of our vision to build experiences that create curiosity, meaningfulness and that people connect with, Hero MotoCorp , Head Emerging Mobility Business Unit (EMBU Swadesh Srivastava) said in a statement. This centre is one of the many physical assets of our omnichannel approach. Our tech-stack and physical assets are built to uplift the customer experience from just entering into a space of retail to a space where they can be part of a larger story, Srivastava said. In October , Hero MotoCorp introduced two trims
The derivative analyst from HDFC Securities recommends buying Hero MotoCorp 2750 Call and simultaneously selling 2800 Call of the November series.
This is part of the larger strategy to strengthen presence in the premium segment where rival Bajaj Auto and Royal Enfield have a stronghold and in which even TVS Motor Co is making rapid strides in
Two-wheeler maker Hero MotoCorp on Wednesday announced its plans to enter the Philippines for which it has partnered with Terrafirma Motors Corporation for assembly and distribution of its vehicles. A part of the Columbian Group of Companies, Terrafirma Motors Corporation (TMC) will be the exclusive assembler and distributor of Hero MotoCorp motorcycles in the Philippines, the company said in a regulatory filing. TMC will set up an assembly facility of 29,000 square metres in its existing principal manufacturing facility situated in Laguna City and will start its operations in the second half of fiscal year 2024, it added. "In keeping with our R4 (recalibrate, revitalise, revolutionise and revive) strategy, we are always keenly exploring new opportunities in global markets. Our partnership with Terrafirma Motors Corporation to enter the Southeast Asian region is an integral part of this expansion strategy," Hero MotoCorp Head of Global Business Sanjay Bhan said. TMC Chairman ...
On the other hand, Bajaj-Auto and Hero Moto Corp need to adhere their key supports levels to keep the positive bias intact.