This landmark achievement in sales has been possible due to an excellent team effort: Hero MotoCorp Head of Sales
The 75 million sales milestone is in line with Hero's vision of surpassing 100 million sales by 2020
The stock hit a new high of Rs 4,044, up 2% on BSE in intra-day, extending its past two weeks gain.
Hero MotoCorp to launch a new 125 cc scooter in the fourth quarter of the ongoing fiscal
The stock was up 3% to Rs 3,838 after the company reported 17% growth 2-wheeler sales in July.
Two-wheeler major's profit estimated to range between Rs 912 cr and Rs 1,016 cr in Q1
Company already has over 50% market share in 100 cc and 150 cc bike segments
The stock up 3% to Rs 3,849 after the company reported 8.7% growth in sales at 633,884 units in May
Total income fell about 8% to Rs 7,606 cr; announces final dividend of Rs 30 per share
Analysts had muted expectation for March quarter, given the overhang of change in emission norms
Hero is also set to open its second global manufacturing facility in Bangladesh later this year
Industry was badly hit by demonetisation announced in Nov last year as rural sales took a beating
Says, with improving cash situation and consumer sentiment, volumes are gradually picking up
Income from operations slipped 9.7% to Rs 6,780 crore
Company says its 3 manufacturing facilities were closed from Dec 26-31
The company said it saw a drop in retail sales after the demonetisation initiative
Hero MotoCorp sold 254,813 Splendors, about 4,000 more than the 250,681 Activas sold by its rival Honda Motorcycles and Scooters India
The company has crossed six lakh plus sales in five months during 2016 so far
Ather is a Bengaluru-based technology start-up engaged in the business of designing and manufacturing smart EVs
EBIDTA margin improved to a record 16.20% as against 14.91% during last year, helped by softer commodities, cost control measures