Page 19 - Hero Motocorp

Maruti, Hero offer huge discounts on old models as BS-VI change nears

Maruti gives 10 days for buyers to save up to Rs 89,500; those choosing Hero bikes can save Rs 10,000

Sunil Kant Munjal recounts his father and uncles' journey of building Hero

The Munjal brothers knew bicycles. They did not have any capital, but possessed the technical knowledge and skills to make their mark in the rapidly growing bicycle industry, he writes

Number crunching

Listening to lawyers reeling out figures in decimals during lunchtime can tax judges

Hero MotoCorp's Pawan Munjal takes home Rs 59.66 cr pay in FY17

Median remuneration of the company's employees during the financial year was Rs 8.16 lakh

Munjal Kiriu Industries commissions new auto component plant in Gujarat

Eyeing the ventilated disc and drum market for car OEMs in western India, bicycle maker Hero Motors commissioned the first phase of its 1500 tonnes per month (tpm) plant in joint venture with Japan's Kiriu Industries. Hero aims to grow the turnover from its auto-components business by more than two-fold to Rs 2500 crore by 2022. Formed in 2007, Munjal Kiriu Industries Pvt Ltd (MKIPL), which already has a plant at Manesar (Haryana), has a 40 per cent share of the disc drums market in the country. Pankaj Munjal, chairman, Hero Motors Company claimed that they supply 66 per cent of the total disc-drums requirement for India's leading passenger car maker Maruti Suzuki India Ltd. "From our Manesar plant we cater to the requirements of OEMs in the North, the Mandal plant is for OEMs present in the West and the Board is also considering a plant in South," Munjal informed. He added that Hero is bullish on its auto-components business, and aims to more than double the turnover from a current ..

Slowdown pain spreads: Tata Motors, Ashok Leyland, Hero halt production

About 15,000 workers, mostly temporary and casual, out of work in auto making firms over past 2-3 months, 200,000 heads roll across dealerships

Hero MotoCorp sales dip over 15% in November as scooter biz disappoints

Total motorcycle sales were at 4,79,200 units as compared to 5,43,982 units in November last year

Bajaj Auto takes huge lead over Eicher, Hero Motors in market cap

Hero's m-cap has fallen 25% and Eicher's by 5.2% in the same period. As a result, the m-cap of Hero is nearly half that of Bajaj

Hero sharpens focus on Bangladesh, other high-growth mkts to boost volumes

As a new entrant, Hero will have to keep pursuing the Nigerian market despite a significant shrinkage in size, says Pawan Munjal

Hero MotoCorp: Re-rating hinges on scooter, premium bike growth

Rural demand will give a boost to overall volumes of the company

Hero MotoCorp betting big on scooters, EVs a work in progress: Pawan Munjal

He says Hero aims to sell over 10 million units in the coming year

Hero MotorCorp invests Rs 20 cr in two-sheeler start-up Ather Energy

Hero MotorCorp invested additional Rs 20 crore in Ather Energy, the smart electric two-wheeler start-up. This is part of company's total commitment of Rs 205 crore for 26-30 per cent stake in the company.Hero's balancesheet shows during the quarter and half year ended September, the company has invested Rs 20.05 crore in Ather Energy Pvt Ltd (India), which termed as an associate company of Hero.The Bengalaru-based start-up engaged in the business of designing and manufacturing smart elecrtric vehicles and associated charging infrastructure.Ather said that the Rs 20.05 crore was the last installment of the Rs 205 crore invested commitment by Hero, which was made in last year.In October 2016, Hero invested Rs 180 crore for 26-30 per cent stake. The funding marks the third round of investments in Ather Energy, which is building the S340 - India's first smart, electric scooter. Previous rounds of investments in the company were by Tiger Global; and Sachin and Binny Bansal, promoters of ...

Hero MotoCorp Q4 profit rises 35% to Rs 9.6 bn, beats estimate

The company sold over 2 million two-wheelers during the quarter, an increase of 23 percent over the same period a year earlier

Hero to focus on scooter, premium bikes segments to boost growth

The firm indicated the impact on profitability from higher commodity costs was contained on the back of price hikes and cost management measures

Hero MotoCorp tops best selling two-wheeler list in Nov; 4 models in top 10

Hero MotoCorp's Splendor was the best selling model last month. It sold 2,25,536 units in November as against 2,25,737 units a year ago

Hero MotoCorp reports 24.5% decline in Q4 net profit at Rs 730.32 cr

The company sold 17,81,160 units during the fourth quarter, down 11.1 per cent from 20,01,595 units sold in the same period of 2017-18

Hero MotoCorp hits 52-week low on disappointing Q4 results

Ebitda margin contracted 240 bp at 13.6 per cent for the fourth quarter ended March 31, 2019.

Hero launches three premium bikes; starting price is Rs 94,000

With the three new bikes, Hero MotoCorp now has four models in the X range

Govt's sops for auto sector: Hero reiterates demand of cutting GST

Hero's stance brings to fore the difference between them and rival Bajaj Auto which wants a GST cut closer to BSVI norms kicking in

Two-wheeler makers are exploring new ideas to keep going as sales flag

The opportunity is immense - the shared two-wheeler mobility market has touched 15 million daily trips already