We make too much out of rural demand signals: Hero CEO
Like many other industries, vehicle makers have also begun talking about sub-segmentation and premiumisation within rural markets now, after adopting this strategy for urban consumers.
Hero Motocorp Ltd
Hero Motocorp Ltd Overview
INDIA HO
NEW DELHICOMPANY SIZE
11748INDIA HO
NEW DELHICIN
L35911DL1984PLC017354TYPE
PublicCATEGORY
Company limited by SharesSUB-CATEGORY
Non-govt companyWEBSITE
http://www.heromotocorp.comFOUNDED
1984-01-19PAID-UP CAPITAL
399,400,000AUTHORISED CAPITAL
580,000,000Hero Motocorp Ltd in News
Hero MotoCorp Q3 Preview: PAT to see double-digit growth YoY on all-round show
The double-digit growth in volumes is expected mainly due to a healthy recovery in the domestic market, while discounts during the festival season restricted realisations’ growth to 2% YoY, analysts said.
Motorcycle icon Royal Enfield faces fresh challenge from Harley, Triumph in India’s biker paradise
Like Triumph, US giant Harley-Davidson Inc. is also renewing efforts in India, where Royal Enfield is revered to a similar extent as Harley is in the US. Their decision to manufacture more affordable, smaller-engine motorcycles locally is paying off, giving them a better chance of pulling closer to Royal Enfield.
Hero MotoCorp sells 491,050 units in November
The company expects the demand to be on a healthy trajectory in the coming months on account of favorable economic indicators, including the ongoing marriage season and positive consumer sentiments.
Hero MotoCorp ends 32-day festive period with 19% retail sales growth at 14 lakh units
Riding on robust demand across rural markets as well as steady retail offtake in key urban centers, Hero MotoCorp registered a 19% growth over the previous year, and surpassed its previous highest retail of 12.7 lakh units which was recorded in the festive period of 2019, the company said.
India demands e-scooter makers return USD 60 mn aid for using China parts
Several electric scooter startups in India are facing challenges and losing investor interest due to their reliance on Chinese parts instead of local sourcing. The government has demanded that six companies return subsidies worth USD 60 million for violating localization rules. Last year, a series of e-scooter fires prompted an investigation into whether companies were meeting localization norms.
Ather Energy raises INR 900 cr from Hero MotoCorp, GIC
Electric vehicle firm Ather Energy on Wednesday said it has raised Rs 900 crore from existing shareholders Hero MotoCorp and global investment firm GIC through a rights issue.
Bajaj Auto and Hero MotoCorp gear up to take on Royal Enfield's dominance in premium motorcycle market
Hero MotoCorp and Bajaj Auto are set to launch locally-made Harley-Davidson and Triumph motorcycles in July, aiming to challenge Royal Enfield's dominance in the premium lifestyle bike market. The new motorcycles will be in the 350cc-500cc range, making them the smallest and most affordable in Harley-Davidson and Triumph's portfolios.
Hero MotoCorp Q4 net up 31% to INR 811 crore
For the year ended March 31, 2023, the company reported a consolidated PAT of INR 2,800 crore as against INR 2,329 crore in the year-ago period.
India's Bajaj Auto reports Q4 profit drop on sluggish exports
High costs of living squeezed demand in key markets for two- and three-wheelers in Latin America and Africa, hurting Indian companies' exports to the regions.
Hero MotoCorp board appoints Niranjan Gupta as CEO
Niranjan has more than 25 years of rich leadership experience in finance, mergers & acquisition, supply chain and strategy roles across business sectors including Consumer Goods, Metals & Mining, and Automobiles.
Top 10 two-wheelers in Feb 2023; Platina, moves out, TVS Raider joins the list
Four TVS brands - Jupiter, XL Super, Raider and Apache - are In the top ten two-wheelers’ list in February 2023.
India's Feb bike sales climb on wedding demand, easing chip shortages
Domestic two-wheeler sales, which is indicative of the financial health of India's rural economy and demand in the country's largest consumption segment loosely defined as lower middle-income households, grew in double digits from a year earlier.
India's Eicher Motors beats profit view on higher motorcycle sales
The company's consolidated net profit rose to 7.41 billion rupees ($89.6 million) in the three months ended Dec. 31, from 4.56 billion rupees a year ago.
Tesla’s former India policy chief to join e-scooter startup Ather Energy
Manuj Khurana, who quit his post as Tesla’s local head of policy and business development in June, will start next week at the firm based in the southern technology hub of Bangalore, a person with knowledge of the matter told Bloomberg News. Khurana will join as a vice president, though his specific role there is unclear, the person said, declining to be named as the matter is not public.
Honda Motorcycles and Scooter overtakes Hero Motorcorp in retail sales
Last month, over 2.85 lakh two wheelers, rolled out by Honda Motorcycle and Scooter, were registered across the country as against over 2.51 lakh two wheelers of Hero Motocorp, as per the Indian government's Vahan portal. This is the first time that Honda Motorcycle and Scooter pipped Hero Motocorp in retail sales.
Amazon, Flipkart struggle to meet electric vehicle goal in India
The nature of online delivery operations -- quick trips from a central hub where a standard charging solution can be installed -- is well suited to EV adoption, overcoming the range anxiety and shortage of charging infrastructure that has proven a roadblock to general take-up.
Hero MotoCorp to restart plant operations from May 17
Hero MotoCorp is gearing up towards a gradual resumption of operations by starting a single shift production at Gurugram, Dharuhera and Haridwar units.
Hero MotoCorp extends shutdown at its plants due to pandemic
Hero's decision was made to ensure safety of its workforce and to break the virus chain, the company said in a statement on Sunday. Hero MotoCorp had suspended its manufacturing operations in April.
Hero MotoCorp plans fixed charging, battery-swap ecosystem for EVs
With plans to launch its first electric vehicle (EV) next year, Hero MotoCorp is focusing on offering a flexible EV charging ecosystem that will include fixed stations as well as battery-swapping units.
Directors of Hero Motocorp Ltd
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Suman Kant Munjal | 00002803 | bindu@rockmanindustries.com | Director | 29 Jul,2010 |
| Shobana Kamineni | 00003836 | accounts@keigroupindia.com | Director | 27 Mar,2015 |
| Pawan Munjal | 00004223 | mayank@heromotocorp.com | Managing Director | 01 Apr,1986 |
| Ved Prakash Malik | 00006628 | vedmalik@gmail.com | Director | 04 May,2001 |
| Pradeep Dinodia | 00027995 | pradeepdinodia@srdinodia.com | Director | 31 Mar,2001 |
| Anand Chand Burman | 00056216 | malhotras@dabur.com | Director | 13 Jan,2010 |
| Pritam Singh | 00057377 | pritam@mdi.ac.in | Director | 28 Sep,2004 |
| Ravinder Nath | 00062186 | ravi.nath@rnclegal.com | Director | 14 Oct,2009 |
| Vikram Sitaram Kasbekar | 00985182 | vskasbekar@heromotocorp.com | Director | 08 Aug,2016 |
| Meleveetil Damodaran | 02106990 | meleveetil.damodaran@gmail.com | Director | 16 Jun,2008 |
| Paul Bradford Edgerley | 02213279 | pedgerley@baincapital.com | Director | 04 May,2011 |
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