With the stock currently trading at Rs 3,879.70, Hero Motocorp's performance reflects a positive trend amid high trading volumes.
CLSA said that overall motorcycle volumes increased 5 percent on-year so far in FY25, but the entry-level segment saw a decline of nearly 11 percent, and premium segment rose 8 percent on-year.
Hero MotoCorp's Chief Executive Officer (CEO) Niranjan Gupta had tendered his resignation earlier this year.
By 2030, Honda said it sees the global motorcycle sales reaching 6 crore units from the current 5 crore, including electric vehicles, powered by demand in what it calls the 'global south' region, comprising of India, Indonesia, the Philippines, Brazil and other South American nations.
According to Hero MotoCorp’s statement, Terrafirma Motors Corporation will be the exclusive assembler and distributor in the Philippines.
The new launches are aimed at boosting the scooter portfolio and help gain market share, Hero MotoCorp CEO said.
About 2371 shares advanced, 1290 shares declined, and 166 were unchanged.
Hero MotoCorp on July 3 launched Harley- Davidson X440, a fully indigenized 440cc motorcycle it has co-created with the US-based cult motorbike maker
Harley-Davidson and Hero MotoCorp have launched the X440 in India, which is the most affordable Harley-Davidson bike to ever come to India since the Street 750.
Harley-Davidson's X440 is an entry level motorcycle co-developed with Hero MotoCorp. It is expected to be priced around Rs 2.50 lakh (ex-showroom)
One of the most anticipated motorcycles this year has been the Super Meteor 650 which will finally make its debut at the EICMA 2022 show.
Our strong and fiercely independent research team has done hours of brainstorming to dig out nine absolute gems for you this Diwali, even as we brace for another uncertain year
The leading electric scooter maker is looking to mop up as much as $200 million to $250 million and take on rivals like Ola Electric, Hero Electric, Okinawa Autotech and TVS Motors, industry sources told Moneycontrol.
Hero MotoCorp also announced that it will increase prices of its motorcycles and scooters by up to Rs 2,000 from April 5.
The oversubscribed PIPE round, which includes investors like Foxconn, GoTo, Temasek, and Generation Investment Management, comes to Gogoro in addition to $345 million coming from Poema Global, the special purpose acquisition company that Gogoro is expected to merge with in Q1 2022.
The company in a press release said that the hike has been necessitated to offset the impact of steadily increasing commodity prices. It has also mentioned that the exact quantum of increase will depend on the model and the market.
Price takes support at rising trendline and there we see a copy book Bullish piercing pattern
Moneycontrol’s Sakshi Batra does a 3-Point Analysis to understand the key earnings fineprint and the outlook on the company.
Trends on SGX Nifty indicate a negative opening for the broader index in India, with a 54 points loss from closing figure of 1st October (11,396).
The current market weakness provides a great opportunity for investors to enter a fundamentally strong business available at a reasonable price and run by a strong management
Auto majors hit a speed bump in the month of September 2018 and posted a mixed bag on numbers on the back multiple factors such as delayed festive season, floods in Kerala and increasing cost of total ownership on the back to rising interest rate, fuel prices and insurance cost.
Net Sales are expected to increase by 14.7 percent Q-o-Q (up 7.2 percent Y-o-Y) to Rs 7931.1 crore, according to KR Choksey. Hero Motorcorp to report net profit at 775.9 crore down 12.1% year-on-year.
Gold prices give up gains but is still trading near 3.5 month highs. Brent too is soft after settling at the highest levels this year.
Hero Moto Corp has pulled out of Indian Premier League sponsorship, according to CNN-IBN sources on Tuesday.
Foreign institutional investors (FIIs) have raised their exposure to 29 Sensex companies, with purchase of shares worth an estimated amount of USD 5 billion, in the quarter ended December 31, 2012.