Hero

Hero MotoCorp sales increases by 10% in February at 3,94,460 units

The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported a 10 per cent year-on-year increase in total wholesales at 3,94,460 units in February. The company had dispatched 3,58,254 units in the same month last year. In the domestic market, its sales rose to 3,82,317 units last month from 3,31,462 units in the same month last year. Exports, however, dipped to 12,143 units from 26,792 units in the year-ago period. "The volumes in the month of February indicate the continuously improving consumer sentiment and the company expects the positive trend to continue in the coming months, on the back of favourable economic indicators," Hero MotoCorp said in a statement.

Hero Realty buys land in Gurugram for Rs 90 cr for plotted development

Hero Realty Pvt Ltd has purchased a 5- acre land in Gurugram for Rs 90 crore to develop a plotted residential project. The deal was facilitated by property consultant Cushman & Wakefield. The name of the seller has not been disclosed. Hero Realty, promoted by Sunil Kant Munjal's Hero Enterprise, has bought the land in Sector 85, Gurugram, the consultant said in a statement. Dharmesh Shah, CEO, Hero Realty, said, The acquisition marks the entry of Hero Realty into the plotted spaces in Delhi-NCR region." The project will further strengthen its continued sales growth in this fiscal and set the foundation for a significant increase in market share, Shah said. "This land parcel is over 5 acres at a value of Rs 900 million(Rs 90 crore)," the statement said. Hero Realty has successfully delivered projects in Ludhiana, Mohali and Haridwar. Hardeep Lamba, MD Capital markets (North & East), Cushman & Wakefield, said this transaction will not only make way for a successful project .

Hero Electric partners with Dhoot Transmission for wiring harness solutions

Electric two-wheeler maker Hero Electric on Wednesday said it has partnered with Dhoot Transmission Pvt Ltd for new wiring harness solutions. The company's products will be equipped with the latest wiring harnesses of Dhoot Transmission under the partnership, it said in a statement. "Our partnership with Dhoot Transmission to procure wiring harnesses for our products is a step towards ensuring vehicle efficiency and customer safety by equipping our products with durable and robust components," Hero Electric CEO Sohinder Gill said. The two companies have extensively collaborated on the 3D design for Hero Electric models of the wire harness, Dhoot Transmission Managing Director Rahul Dhoot said. "This design has features that provide optimum performance to the end user, ensuring long life, compatibility, and durability, all woven into one with careful thought on cost-effectiveness," he added. Dhoot Transmission has 21 manufacturing facilities across the globe, out of which 18 such .

Hero Motorsports team begins its seventh consecutive Dakar Rally in Jeddah

India's Hero MotoSports Team Rally began its seventh consecutive Dakar Rally at the Sea Camp near Jeddah on Saturday. The team features a stellar squad of four Rally GP class riders - Franco Caimi, Joaquim Rodrigues, Ross Branch, and Sebastian Buhler. Starting their campaign on a strong foot at the 45th edition of the Dakar Rally, the Team finished the 13-km long Prologue stage with three riders in the top 10 positions. Ross Branch achieved a spot on the podium with a third place, followed by Joaquim Rodrigues in the sixth and Sebastian Buhler in eighth positions. Franco Caimi is in the 20th position in the Rally GP Class. After a short start podium ceremony, riders completed the short 13-km special on the seafront, which gave the top 10 finishers an advantage of choosing their starting positions for the first stage due on Sunday. The first official stage of the Dakar Rally 2023 will take the riders around a 603 km loop around the Sea Camp with 367 kms forming the special ...

GoPro Hero 11 Black first impressions: Versatile, easy-to-use action camera

The GoPro Hero 11 Black is a major step forward in terms of utility and features, but I will reserve my verdict about the product for in-depth review

Hero Electric to set up Rs 1,200 crore manufacturing unit in Rajasthan

The greenfield facility by Hero Electric will be spread over 170 acres and have an annual capacity of manufacturing 2 million units

Q1 results: Hero MotoCorp's net profit rises 71% on higher sales

Net profit of the Splendor and Glamor brands' maker increased to Rs 625 crore from Rs 365.44 crore in the same quarter a year ago

Tribunal allows Hero MotoCorp to use 'Hero' trademark for its EVs

Electric two-wheeler maker Hero Electric had sought an injunction against Hero MotoCorp using the 'Hero' trademark for its electric vehicles

Hero MotoCorp sales dip 29% in Feb to 358,254 units, but exports rise

Domestic sales were also down 31.57 per cent at 3,31,462 units last month compared to 4,84,433 units in February 2021

Hero Electric unveils new two-wheeler model, set to launch in next quarter

Hero Electric on Tuesday unveiled a new two-wheeler Hero Eddy for the domestic market. The electric scooter is easy to manoeuver product that strikes a perfect balance between technology and convenience to fulfil the need for short-distance commutes to next-door coffee shops, golf courses and gymnasium etc, the company said in a statement. Hero Eddy comes with features like find my bike, large boot space, follow me headlamps and reverse mode. The electric scooter comes in two colours - yellow and light blue -- and would not require any license or registration. Hero Electric plans to launch the product in the next quarter. We at Hero are thrilled to announce our upcoming product Hero Eddy that will have an overwhelming on-road presence, combining smart features and stylish looks. The scooter is designed keeping in mind individual's conscious efforts to contribute towards carbon-free future combined with a hassle-free ride experience," Hero Electric MD Naveen Munjal noted. The comp

Hero MotoCorp expects 2-wheeler industry to make strong comeback in FY23

Hero MotoCorp expects the two-wheeler segment to make a strong comeback next financial year with Omicron wave subsiding and a broader economic recovery in sight, said a senior company official.

Hero MotoCorp appoints Arun Jaura as CTO; chief compliance officer resigns

Two-wheeler maker Hero MotoCorp on Friday announced the appointment of industry veteran Arun Jaura as its chief technology officer (CTO) to lead the company's research and development (R&D). The company, in a statement, also announced the resignation of Neerja Sharma, company secretary and chief compliance officer. Jaura, who was the managing director of Michelin India Technology Center before taking up the current position, reports to Hero MotoCorp Chairman and CEO Pawan Munjal, the company said in a statement. Vikram Kasbekar, who has been leading the R&D function at Hero MotoCorp in the past two-and-a-half years, will support Jaura for a seamless transition and continue to work on some key assignments in the coming months, it said. The appointment of Jaura, a global technology expert, is aimed at strengthening the company's leadership team amid its continued focus on its vision 'Be the Future of Mobility', Hero MotoCorp said. Sharma has decided to take a pause and refresh .

Hero ready to use its cash balance to take on Ola's e-two-wheeler foray

The company will launch its first electric scooter in March 2022

Hero MotoCorp sell 576,957 units in March on recovery in consumer demand

In March this year, the company registered highest-ever sales in Global Business in a single month by clocking 32,617 units

Brands break gender stereotype as PepsiCo, Hero bring in women cricketers

Brands are turning to women cricketers also as part of a larger shift in the advertising narrative.

Hero bets on premium 125 cc segment for scooters despite slowdown in market

The company is following a similar strategy of premiumisation for motorcycles where its strength lies primarily in the entry level segment of 100-110 cc

Hero MotoCorp forays into 125-cc scooter segment with Destiny 125

Destini 125 comes with two variants priced at Rs 54,650 and Rs 57,500, respectively (ex-showroom)

E-scooter makers Hero & Okinawa to boost growth by launching new vehicles

Despite roadblocks, in the form of GST and uncertainty over continuation of Fame schemes, electric two-wheeler makers are going ahead with their investment plans.Hero has said that it would invest over around Rs 50-75 crore a year to bring high speed scooters, while the new entrant Okinawa said that it would invest around $40 million (around Rs 300 crore). Interestingly this company is even planning to manufacture batteries, through its vendors, locally.India's e-two wheeler market is all set to double from 24,000 units to 45,000 units this year.Hero, which is the market leader in the e-two wheeler space claims around 65 per cent market share in the e-scooter space.Sohinder Gill, CEO, Hero Electric & Director-Corporate Affairs added his company aims to be a Rs 1,000 crore company in the next four years as against around Rs 100 crore.To support the growth the company is planning to launch at least two new scooters every year for the next few years. Each would attract an investment .