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.
Hero Motocorp Ltd
Company limited by Shares (1) 11748+ employeesHero Motocorp Ltd Overview
INDIA HO
NEW DELHICOMPANY SIZE
11748+ employeesCIN
L35911DL1984PLC017354TYPE
PublicCATEGORY
Company limited by SharesSUB-CATEGORY
Non-govt companyWEBSITE
http://www.heromotocorp.comFOUNDED
19 Jan,1984PAID-UP CAPITAL
399,400,000AUTHORISED CAPITAL
580,000,000Hero Motocorp Ltd in News
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.
Covid-19 spread in rural India to hit auto, tractor sales
This year the virus has a far deeper impact in terms of new patient count in the rural areas, which neither have proper medical infrastructure nor awareness about the covid-19 protocols. Rural areas contribute up to 40% of overall sales for India’s largest carmaker Maruti Suzuki and more than 50% for Hero MotoCorp, country’s biggest two-wheeler manufacturer.
Hero MotoCorp net profit grows 39% at Rs 865 crore in Q4 FY21
Hero MotoCorp’s revenue from operations for the March quarter stood at Rs 8,686 crore, up 39% YoY. Its performance was driven by growth of 18.5% YoY in its wholesale volumes, which were at 15.68 lakh units for Q4FY21.
Hero MotoCorp March sales up 72% at 576,957 units
In March the company registered its highest-ever sales in global business at 32,617 units, a growth of 82% over the corresponding month in 2020 when it had sold 17,962 units.
Hero MotoCorp donates 4 FRVs to health authorities in HP
These First Responder Vehicles are custom-built as an accessory on the powerful Xtreme 200R motorcycles of Hero MotoCorp. It is equipped with essential medical equipment needed to transport patients in remote areas to a hospital.
Sanjay Bhan is back in Hero MotoCorp to head global operations
Automobile industry’s regular face, Sanjay Bhan would be heading the global business of Hero MotoCorp, which has spread its wings across 40 transcontinental markets. In the new role he will shape up entry into new markets and consolidate bigger overseas markets like Colombia, Nigeria and Bangladesh.
Hero Motocorp August 2020 domestic sales up 8.5% at 568,674 units
Total sales (domestic + exports) for the two-wheeler maker witnessed a growth of 7.55% at 584,456 units in the month of August 2020 as against 543,406 units sold in August 2019.
Directors of Hero Motocorp Ltd
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Vikram Sitaram Kasbekar | Unlock to View | Unlock to View | Director | 08 Aug,2016 |
| Shobana Kamineni | Unlock to View | Unlock to View | Director | 27 Mar,2015 |
| Paul Bradford Edgerley | Unlock to View | Unlock to View | Director | 04 May,2011 |
| Suman Kant Munjal | Unlock to View | Unlock to View | Director | 29 Jul,2010 |
| Anand Chand Burman | Unlock to View | Unlock to View | Director | 13 Jan,2010 |
| Ravinder Nath | Unlock to View | Unlock to View | Director | 14 Oct,2009 |
| Meleveetil Damodaran | Unlock to View | Unlock to View | Director | 16 Jun,2008 |
| Pritam Singh | Unlock to View | Unlock to View | Director | 28 Sep,2004 |
| Ved Prakash Malik | Unlock to View | Unlock to View | Director | 04 May,2001 |
| Pradeep Dinodia | Unlock to View | Unlock to View | Director | 31 Mar,2001 |
| Pawan Munjal | Unlock to View | Unlock to View | Managing Director | 01 Apr,1986 |
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