Page 4 - Hero Motocorp

Hero MotoCorp forays into electric segment; drives in VIDA V1 e-scooter

The country's largest two-wheeler maker Hero MotoCorp on Friday forayed into the electric vehicle segment with the launch of its first electric scooter VIDA V1 priced at Rs 1.45 lakh. 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. The VIDA V1 Plus comes with a range of 143 kilometres, while the VIDA V1 Pro comes with enhanced range 165 kms on a single charge. The company will commence sales of the electric scooter in Bengaluru, Delhi and Jaipur before scaling up to the new locations. The bookings will start on October 10 and deliveries will commence from second week of December. Hero MotoCorp Chairman and CEO Pawan Munjal said VIDA V1 is just not another model but an ecosystem which is going to power change in the mobility segment. The VIDA V1 will compete with the likes of Bajaj Chetak, TVS iQube, Ather Energy, Hero Electric, Ola Electric among others. Hero MotoCorp is looking at var

Two-wheeler sales in India rise 9% YoY, still below pre-pandemic levels

Honda emerged as the top two-wheeler seller in India in September, followed by Hero and TVS Motor. Ola Electric was the top EV seller

Honda surpasses Hero MotoCorp to top spot in two-wheeler sales

Rural states, such as Uttar Pradesh (UP), Bihar, and Jharkhand, have fallen higher in September on a MoM basis

Honda Motorcycles and Scooter overtakes Hero Motorcorp in retail sales

The month of September 2022 saw Honda Motorcycle and Scooter India overtaking the world's largest two-wheeler maker Hero Motocorp Ltd in terms of retail sales

Hero MotoCorp to lose top spot in 2-wheeler sales to HMSI: Elara Capital

Rural states, such as Uttar Pradesh, Bihar and Jharkhand, have fallen higher in September on a MoM basis

Sensex jumps 1,017 pts on RBI's 50-bps hike; Nifty nears 17,100; banks lead

CLOSING BELL: The benchmark indices snapped their seven-day losing streak as the RBI delivered a 50-basis point repo rate hike, and underscored the resilience of the Indian economy in his statement

Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea

Stocks to Watch today: Hero MotoCorp said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles

Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes

Hero MotoCorp on Thursday said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles. The country's largest two-wheeler maker said it is finalising a collaboration agreement with the California (US)-based manufacturer of premium electric motorcycles and powertrains. The company's board has approved an equity investment of up to USD 60 million in Zero Motorcycles, it added. Zero Motorcycles is the global leader in electric motorcycles and powertrains. Its consolidated revenue for 2021 stood at USD 60.7 million. Hero MotoCorp noted that it is addressing the electric mobility space through a range of organic and inorganic collaboration initiatives and will launch its first electric product, under its emerging mobility brand Vida, on October 7, 2022. The two-wheeler major already has a stake of over 35 per cent in electric two-wheeler company Ather Energy. Shares of the company on Thursday ended 2.11 per cent down at R

Stocks to Watch: Tata Steel, Fortis, Hero MotoCorp, Bombay Dyeing, McLeod

Stocks to Watch Today: UCO Bank became the first bank to get RBI nod for Rupee trade settlement a/c with Russia; The Central Bank warns M&M Finance against outsourcing recovery agents.

Hero MotoCorp hikes 2-wheeler prices by up to Rs 1k to offset rising costs

Hero MotoCorp on Thursday said it has increased prices of its two-wheelers by up to Rs 1,000 to partially offset the impact of cost inflation. In a regulatory filing, the company said, it has made an upward revision in the ex-showroom prices of its motorcycles and scooters, with immediate effect. "The price revision has been necessitated to partially offset the impact of cost inflation," it said, adding, the hike "will be up to Rs 1,000 and the exact quantum of increase will vary by model and market". Hero MotoCorp sells a variety of motorcycles and scooters ranging from entry level bike 'HF 100' priced at Rs 55,450 to XPULSE 200 4V priced at Rs 1.36 lakh (ex-showroom Delhi).

Hero Moto ties up with HPCL to set up electric two-wheeler charging infra

Hero MotoCorp on Tuesday said it has joined hands with Hindustan Petroleum Corporation Ltd to set up charging infrastructure for electric two-wheelers in the country. As a part of the initiative, the two companies will first establish charging infrastructure at Hindustan Petroleum Corporation's (HPCL) existing network of stations, with the likelihood of subsequently broadening the collaboration for supplementary business opportunities. In the first phase, the charging stations will be set up in select cities, which will then be expanded to other key markets with the aim of establishing a high density of EV charging station network across the country, Hero MotoCorp said in a statement. The two-wheeler major will lead the infrastructure development for the charging network with each charging station featuring multiple fast chargers, including DC and AC chargers that will be available to all two-wheeled EVs, it added. The entire user charging experience will be controlled by a Hero ..

KKR, Hero Group to invest $450 mn in Hero Future Energies

Founded in 2012, Hero Future Energies is a leading independent power producer in India with a diversified portfolio of 1.6 GW of operating solar and wind projects

Stocks to Watch: ACC, Ambuja, Adani Power, ONGC, Zomato, Hero MotoCorp

Stocks to Watch Today: In the F&O space, Indiabulls Housing Finance, India Cements, PVR and RBL Bank are in the ban period on Monday

Hero MotoCorp to enter EV segment, will launch 1st model under Vida brand

The country's largest two-wheeler maker Hero MotoCorp is all set to foray into the electric segment next month with the launch of its first model in the domestic market. In a regulatory filing, the company said that "a new era in mobility is about to begin" alluding to an event under its Vida brand on October 7, 2022. The two-wheeler major has issued invites to its dealers, investors and global distributors for the event to be held in Jaipur, Rajasthan. Industry sources confirmed that the company will launch its first EV product at the event. In March this year, Hero MotoCorp had said it has lined up a USD 100 million (around Rs 760 crore) global fund to nurture over 10,000 entrepreneurs on ESG (environmental, social and governance) solutions, including its upcoming electric vehicles (EVs). The two-wheeler maker plans to introduce emerging mobility solutions under the Vida brand. Sources said the company has developed the product at its Jaipur-based R&D hub, the Centre of ...

We're reading too much into weak two-wheeler demand: Hero Moto exec

The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"

Stocks to watch: Adani Enterprises, UPL, Zee Ent, Hero Moto, Tata Motors

Stocks to watch today: Adani Enterprises is set to enter the NSE Nifty50 index from September 30, replacing Shree Cement at the exchange; UPL promoted Mike Frank to Chief Executive Officer.

Hero MotoCorp total sales jumps 1.92% to 462,608 units in August

Hero MotoCorp on Thursday reported a 1.92 per cent increase in total sales at 4,62,608 units in August 2022. The company had sold 4,53,879 units in the year-ago period, Hero MotoCorp said in a regulatory filing. Domestic sales were at 4,50,740 units as compared to 4,31,137 units in August 2021, a growth of 4.55 per cent, it added. Exports, however, declined to 11,868 units from 22,742 units in the corresponding period of last year. Motorcycles sales were up at 4,30,799 units last month from 4,20,609 units in the preceding year, while scooter sales declined to 31,809 units against 33,270 units in August last year. Hero MotoCorp said it expects the growth momentum to build up in the coming months on the back of a normal festive season after a gap of two years, better monsoon resulting in decent agricultural harvest and positive consumer sentiments besides a healthy growth in the country's GDP.

Hero MotoCorp: Q1 disappoints, but there's hope of a better second half

Volumes and margins are expected to improve on the back of a good monsoon and decline in raw material costs, respectively

Stocks to Watch: LIC, ONGC, Max Health, Hero Moto, Zee Entertainment, M&M

State-owned insurance behemoth Life Insurance Corporation (LIC) reported a net profit of Rs 682.88 crore in the April-June quarter (Q1) of FY23, driven by its non-par business.

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