Two-wheeler major Hero MotoCorp is gearing up to expand its scooter range and consolidate its position in the 125 cc bike segment as it looks to grow faster than the competition, according to CEO Niranjan Gupta. The company plans to roll out both petrol and electric scooter trims and also bolster the production capacity of … Read more
In a significant shift in the two-wheeler market, Hero MotoCorp has fallen to the second position behind Honda Motorcycle & Scooter India (HMSI) based on wholesale dispatch data. According to figures from the Society of Indian Automobile Manufacturers (Siam), Honda has surpassed Hero MotoCorp in the April-July period, with 18.53 lakh units compared to Hero’s … Read more
Hero MotoCorp recorded its highest ever quarterly revenue and profit after tax in Q1 FY25 as it reported a 16 per cent revenue growth from the same quarter of the previous year at Rs 10,144 crore and PAT at 1,123 crore, an increase of 36 per cent from Q1 FY24. The revenue touched 10,000 crore … Read more
Domestic markets extended losses for a second straight day on Tuesday as Sensex tumbled nearly 700 points. In today’s trade, shares of Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola Electric among others will be in focus due to various news developments and first quarter results. HAL, Ola Electric, Mazagon Dock Shipbuilders, Bandhan BankShares of HAL, … Read more
Hero MotoCorp on Tuesday reported a standalone net profit of Rs 1,123 crore for the quarter ended June 30, 2024 which was up by 36% from Rs 825 crore posted by the two-wheeler maker in the year ago period. The revenue from operation for the reporting quarter stood at Rs 10,144 crore, which was up … Read more
As the festive season in India fast approaches, Hero MotoCorp CEO Niranjan gupta on Tuesday announced that the company will be launching new scooter models in the two forthcoming quarters, attempting to ‘re-energise’ the segment. The two-wheeler manufacturer also said that its EV brand Vida has started to increase its presence and market share. “We … Read more
The first quarter earnings season is almost coming to an end and as many as 660 companies will announce their quarterly numbers on Tuesday. Key results to watch out include Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals and IRCTC. Apart from the above, companies like Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance … Read more
Royal Enfield today launched a new version of its iconic Classic 350 in several new colours and features. It will hit the markets next month. 2024 Royal Enfield Classic 350 Specification The new Enfield Classic 350 will be available in seven colours. Besides, the new version will have a USB charging port, LED lighting all-around, … Read more
Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list: 12th August AIA Engineering, Balrampur Chini Mills, Borosil Renewables, Campus Activewear, Cera Sanitaryware, DOMS … Read more
ET Intelligence Group: Foreign investors are enhancing their exposure to the Indian automobile sector at a record pace, enthused by earnings that have exceeded consensus estimates, supported by lower raw material prices and an improved product mix.According to data from NSDL, foreign investor weightage in the auto sector reached a record 8.10% in July on … Read more
