Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today reported strong financial results for the third quarter ended December 31, 2023. Hero MotoCorp has been recovering well after pandemic-related disruptions. After decline in sales in 2020 and 2021 due to COVID-19, the company witnessed recovery in 2022 selling over 50 lakh units. Healthy […]
With only days remaining for the entry of Hero MotoCorp into the electric scooter market, Hero Electric — run by relatives of the promoter family of Hero MotoCorp — have entered into a five-year agreement with Mahindra & Mahindra, a rival of Hero MotoCorp and one of India’s largest automakers. Under the contract, Mahindra & […]
Bajaj Auto emerged as the best performer in December two-wheeler sales in the domestic market by posting relatively flat numbers while others such as TVS Motor Co and Hero MotoCorp saw sharp declines in their India sales. Bajaj Auto escaped the sharp declines by reporting sales of 1.28 lakh units in India in the final […]
Hero MotoCorp, the world’s No.1 motorized two-wheeler maker, and rival TVS Motor Co both reported declines in their December auto sales. While Hero MotoCorp’s December sales fell by 12% in the domestic market, TVS Motor Co reported a fall of 17% in its domestic market sales during the month. TVS MOTOR CO TVS Motor Co’s […]
Hero MotoCorp, already suffering from one of the worst demand slow-downs in recent times, said it is being forced to take a fourth round of price increase this year to offset the sharp increase in raw material prices. The latest round of price increases will come into effect on Jan 4, and will be ‘up […]
Hero MotoCorp reported a whopping 43% decline in India two-wheeler sales in November due to a sharp downturn in rural demand. The company, which gets most of its customers from rural and semi-urban regions, sustained a sharp blow to both its motorcycle as well as scooter sales, with the latter taking a bigger beating. The […]
Hero MotoCorp, the world’s largest two-wheeler maker, said a delay in the onset of rains this year hurt demand for motorcycles and scooters in India’s rural areas, but there have been signs of revival in recent days as the harvest process got underway. The company, which makes among the world’s most cost-effective modes of getting […]
Hero MotoCorp, the world’s largest maker of motorized two-wheelers, said it will start its EV journey in March with a scooter developed fully in-house, but said current technology and battery prices prohibit the launch of electric motorcycles aimed at the mass market. The company has already announced that it would launch an electric vehicle in […]
Hero MotoCorp, the world’s largest two-wheeler maker by volumes, today announced the start of retail sales in Mexio, a key Latin American market. The company, which has a market share of almost 50% in India, said it has launched most of its popular motorcycles such as the Xpulse 200, Xpulse 200T, Hunk 190, Hunk 160R, […]
Hero MotoCorp, which announced a partnership with Taiwan-based battery swapping company Gogoro, said its new range of e-bikes with swapping technology will hit the Indian market next year, possibly as early as Jan-Mar. Niranjan Gupta, Chief Financial Officer at the world’s largest two-wheeler maker, said the company is working on bringing out electric bikes that […]
Hero MotoCorp, the world’s largest maker of two-wheeler vehicles, today announced a tie-up with Taiwan-based Gogoro to introduce the latter’s battery swapping technology in India. Hero MotoCorp, one of the biggest makers of electric scooters in India, will bring Gogoro’s battery swapping platform to India. Under the agreement, Hero will get access to Gogoro’s innovations […]
In what is likely to become a norm soon, Hero MotoCorp has announced that it will vaccinate its entire workforce, including contract workers, against COVID-19 at its own cost. “With the government opening up the vaccination process against the coronavirus for the corporate sector, we have decided to vaccinate our workforce and other stakeholders within […]
Hero MotoCorp, the country’s largest two-wheeler maker, is offering a discount of Rs 5,100 on all its scooters till Mar 12 as long as the purchase is made in the name of a woman. Given that Hero’s scooters typically range from around Rs 64,000 to Rs 75,000 on road, this translates to a discount of […]
Hero MotoCorp, the world’s largest two-wheeler manufacturer, announced new expansion plans for the Central American markets of Nicaragua and Honduras after appointing new distributors there. It said it has ‘aggressive expansion plans’ for the two countries, and plans to launch its range of premium motorcycles in both countries and expand its network in these markets. […]
Consumer-focused automakers, such as Maruti Suzuki and Hero MotoCorp, fared better than commercial vehicle makers, going by auto sales trends in December 2020. Maruti Suzuki, which accounts for around half the cars sold in India, was among the best performers, with a 20% jump in sales compared to December last year. The company sold 1.60 […]
Hero MotoCorp said it has signed an agreement to co-develop and sell “a range of premium motorcycles” with iconic US motorcycle maker Harley Davidson. The announcement comes a month after Harley Davidson decided to exit the Indian market due to poor sales. The company had been selling over 10,000 units per year during the peak […]
One of the remarkable aspects of post-lockdown two-wheeler sales in India has been the surge seen in the numbers of Hero MotoCorp, India’s largest motorcycle maker. While sales trends were largely depressed for rivals Honda (down 37% in July), Bajaj Auto (down 23%), TVS (-16%) and Royal Enfield (-23%), Hero — despite its massive market […]
Hero MotoCorp, the world’s largest two-wheeler maker, said it has cut its estimate for expenditure on capital expenses — such as factory expansion — by half for the current year due to the COVID-19 pandemic. The company had said it would invest Rs 10,000 cr in the next five to seven years for product development, […]
Hero MotoCorp said it has sold 10,000 motorcycles and two-wheelers since its dealerships and showrooms opened after a 41-day lockdown earlier this month. As of today, said the world’s largest manufacturer of motorcycles and scooters, it has opened more than 1,500 outlets and service centers which account for around 30% of the company’s total retail […]
Hero MotoCorp, Tata Motors and Royal Enfield have reported sharp declines for their August 2019 auto sales. While Hero MotoCorp, the world’s largest motorcycle manufacturer by volumes, reported a 21% fall in August sales to 5.43 lakhs, Royal Enfield reported a 24% decline and Tata Motors reported a 48% fall. Hero MotoCorp’s numbers indicated an […]
