Sector to see volume, margin gains on demand uptick, easing supply issues
The derivative analyst from HDFC Securities recommends buying Hero MotoCorp 2750 Call and simultaneously selling 2800 Call of the November series.
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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
Shares of Hero MotoCorp on Friday fell by over 2.5 per cent after the company reported a 9 per cent decline in its consolidated net profit for the second quarter ended September 30. The stock declined 2.47 per cent to Rs 2,580.55 on the BSE. At the NSE, it dipped 2.54 per cent to Rs 2,579.05. Hero MotoCorp on Thursday reported a 9 per cent decline in its consolidated net profit at Rs 682 crore for the second quarter ended September 30, mainly due to enhanced expenses and a slight dip in sales during the period. The country's largest two-wheeler maker had reported a net profit of Rs 748 crore in the July-September period of the previous fiscal. The revenue from operations rose to Rs 9,158 crore in the September quarter compared to Rs 8,539 crore in the year-ago period, Hero MotoCorp said in a regulatory filing. The company's total expenses during the September quarter rose 9 per cent to Rs 8,292 crore from Rs 7,641 crore a year ago. The two-wheeler major said it has sold 14.28 la
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The first stage of investment will roll out this year for a new factory in Rajasthan, where vendor units will invest another Rs 400 crore
Hero MotoCorp's consolidated net profit fell by 8.63 per cent YoY to Rs 682.28 crore in the second quarter of FY23 amid weakening rural demand
Analysts, on average, had expected a profit of Rs 7.41 billion, according to Refinitiv IBES data
Luke on Thursday launched Gogoro in India with a pilot project in collaboration with ZyppElectric
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The country's largest two-wheeler maker Hero MotoCorp on Tuesday reported a 17 per cent dip in its total sales at 4,54,582 units last month as compared with 5,47,970 units in October 2021. In the domestic market the company's dispatches to dealers stood at 4,42,825 units, down 16 per cent from 5,27,779 units in the year-ago period. "With festivals of Dussehra and Diwali -- which triggers record retail buying -- occurring in the month of October this year, the dispatch sales of October are not comparable to the previous years, when the festival days are usually spread across the months of October and November," the two-wheeler major noted. Exports stood at 11,757 units as against 20,191 units in October 2021.
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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.
But suggests GST Council, states consider mechanism for reimbursing eligible units
TVS has seen the highest earnings upgrades among auto makers over the last few months
Volume trajectory in the festive season is a key near-term trigger
Hero MotoCorp aims to lead the mobility transformation towards cleaner solutions with its electric scooter VIDA V1, as per a top company official. The country's largest two wheeler maker forayed into the electric space last week with the launch of its first electric scooter VIDA V1 priced at Rs 1.45 lakh (ex-showroom). The company has introduced two trims of the scooter -- VIDA V1 Plus and VIDA V1 Pro -- tagged at Rs 1.45 lakh and Rs 1.59 lakh, respectively. Hero MotoCorp on Monday commenced the bookings of the electric model. "The company's vision is to lead mobility transformation towards cleaner solutions. We have solved for mobility at scale and Vida will now be the changemaker through its disruptive offerings and customer propositions," Hero MotoCorp Head Emerging Mobility Business Unit (EMBU) Swadesh Srivastava told PTI. The VIDA V1 packs all the necessary features and solves customers' anxiety around safety and durability, he added. The newly-launched e-scooter will be ma