HERO MOTOCORP LTD.
NSE : HEROMOTOCOBSE : 500182ISIN
CODE : INE158A01026Industry : Automobile Two & Three WheelersHouse
: Hero
BSE4574.3031.9 (+0.7 % )
PREV CLOSE (Rs.) 4542.40
OPEN PRICE (Rs.) 4617.10
BID PRICE (QTY) 4573.45 (7 )
OFFER PRICE (QTY) 4577.25 (11 )
VOLUME 3290
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE4566.30 23.25 (+0.51 % )
PREV CLOSE(Rs.) 4543.05
OPEN PRICE (Rs.) 4625.00
BID PRICE (QTY) 4564.65 (1 )
OFFER PRICE (QTY) 4567.20 (8 )
VOLUME 90597
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 02-May-2024 | TVS Motor Company, Maruti Suzuki and Ester Industries to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">TVS Motor Company </span>has registered a 25 per cent growth in sales in April 2024, having sold 3,83,615 units this year compared to 3,06,224 units during the same month last year. Sales of total two-wheelers made in April this year went up by 27 per cent to 3,74,592 units, from 2,94,786 units sold in April 2023. Sales of two-wheelers in the domestic market also grew by 29 per cent to 3,01,449 units in April this year compared to 2,32,956 units sales made in same month of last year.</p><p style="text-align: justify;"><span style="font-weight: bold;">Maruti Suzuki India</span> has reported a 4.7 per cent increase in total sales at 1,68,089 units in April 2024. The company had dispatched a total of 1,60,529 units to its dealers in the same month last year. Total domestic passenger vehicle sales were 1,37,952 units compared to 1,37,320 units in the year-ago period. Sales of mini segment cars, comprising Alto and S-Presso, declined to 11,519 units as against 14,110 units in April 2023.</p><p style="text-align: justify;"><span style="font-weight: bold;">Ester Industries</span> has entered into a Joint Venture Agreement (JV Agreement) with Loop Industries Inc. (Loop), a Company under the laws of State of Nevada with principal office at Quebec, Canada, to incorporate a Joint Venture Company in India for the purpose of engaging in the business of manufacture of DMT and/or MEG through depolymerisation of PET and/or Polyester waste using patented Loop technology. </p><p style="text-align: justify;"><span style="font-weight: bold;">Hero MotoCorp</span> has sold 533,585 units of motorcycles and scooters in April 2024. This translates into a robust 34.7% growth over the corresponding month (April 2023), when it had sold 3.96 lakh units and a sequential growth of 9% over the previous month's (March 2024) sales of 490,415. The volume growth in the month of April highlights the company's sales trend, especially in the 125cc and 400+cc segments. The Xtreme 125R is witnessing a strong pull across the country and the company is swiftly ramping-up supplies to ensure smooth deliveries.</p><p style="text-align: justify;"><span style="font-weight: bold;">Vardhman Special Steels'</span> board approved Capex amounting to Rs 33 crore (approximate) for meeting the future incremental demand from the existing customers. The company plans to increase the capacity, especially the Steel Melting Shop by debottlenecking some of the processes, saving in change over time by doing some automations, strengthening R&D and investment in Environment protection. The Board of Directors of the Company in its meeting held on May 1, 2024 has approved the same. <span style="white-space:pre"> </span></p><p style="text-align: justify;"><span style="font-weight: bold;">Sonata Software's</span> 100% subsidiary -- Sonata Information Technology India has entered into a partnership with Denodo, a leader in data management, to provide Indian enterprises with advanced logical data fabric and data mesh capabilities. As part of the engagement, customers will have seamless access to cutting-edge solutions that will enable them to unlock greater value from their distributed data sets, streamline operations, and enhance decision-making.</p><p style="text-align: justify;"><span style="font-weight: bold;">Vishwaraj Sugar Industries</span> has received approval to raise funds through issuance of equity shares of the Company (Equity Shares) by way of Qualified Institutions Placement (QIP) in accordance with the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time and other applicable Laws, in one or more of the tranches for an aggregate amount not exceeding Rs 99 crore, for cash and at such premium/discount, as applicable, subject to such approvals as may be required, including the approval of the Shareholders and further subject to such other statutory/regulatory/other approvals, as applicable. </p> |
| 22-Apr-2024 | Hero MotoCorp, CG Motors inaugurate product assembly facility in Nepal | <p style="text-align: justify;">Building on its commitment to Nepal, Hero MotoCorp along with its authorized distributor CG Motors have inaugurated a product assembly facility in the country.</p><p style="text-align: justify;">Hero MotoCorp launched four of its globally popular products – Xpulse 200 4V, Super Splendor, Splendor+ motorcycles and Xoom 110 scooter. The four products will be assembled locally at the new state-of-the-art assembly facility located in CG Industrial Park in Nawalparasi.</p><p style="text-align: justify;">The facility will have a capacity of 75,000 units per annum and will bring new investments and create job opportunities in the region. CG Motors will be rapidly expanding the sales and service network across Nepal to cater to the growing customer base. </p><p style="text-align: justify;">Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters.</p><div style="text-align: justify;"><br></div> |
| 02-Apr-2024 | Hero MotoCorp reports 6% fall in total sales in March | <p style="text-align: justify;">Hero MotoCorp has sold 4,90,415 units in March 2024. This translates into 5.57% de-growth over the corresponding month (March 2023), when it had sold 519,342 units. Of the total sales in March 2024, the company sold 456,724 motorcycles and 33,691 scooters as against 485,896 motorcycles and 33,446 scooters sold in March 2023. </p><p style="text-align: justify;">Domestic sales stood at 459,257 units in March 2024, down from sales of 502,730 units in March last year. Besides, the company's exports increased to 31,158 units in March 2024versus 16,612 units in March 2023.</p><p style="text-align: justify;">The company has reported a 5.5% growth in total sales at 56,21,455 units in 2023-24 as compared to the 2022-2023. The company had sold 53,28,546 units in 2022-23. Motorcycle sales in FY24 stood at 51,90,672 units as against 49,59,156 units in FY23. Scooter sales were at 430,783 units in FY24 as compared to 369,390 units in FY23. Domestic sales in FY24 were higher at 54,20,532 units as compared to 51,55,793 units in FY23. Similarly, exports stood at 2,00,923 units in FY24, up from 1,72,753 units in FY23.</p><p style="text-align: justify;">Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters.</p> |
| 27-Mar-2024 | Hero Motocorp informs about press release | <div>Hero Motocorp has informed that it enclosed copies of the newspaper advertisement published regarding the issue of duplicate share certificates viz. Letter of Confirmation in lieu of original share certificates that are reported to be lost and not traceable.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 22-Mar-2024 | Hero MotoCorp surges on launching VIDA Advantage package for VIDA V1 Pro electric scooter | <p style="text-align: justify;">Hero MotoCorp is currently trading at Rs. 4631.35, up by 112.00 points or 2.48% from its previous closing of Rs. 4519.35 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 4539.90 and has touched a high and low of Rs. 4635.35 and Rs. 4518.00 respectively. So far 3308 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4979.95 on 12-Feb-2024 and a 52 week low of Rs. 2246.75 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 4635.35 and Rs. 4445.95 respectively. The current market cap of the company is Rs. 91415.22 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.44% and 8.80% respectively.</p><p style="text-align: justify;">Hero MotoCorp has launched the 'VIDA Advantage' package for its VIDA V1 Pro electric scooter. A category-first proposition by VIDA, Powered by Hero, the emerging mobility brand of Hero MotoCorp, the 'VIDA Advantage' package offers peace of mind to customers by making EV ownership hassle-free. The ‘VIDA Advantage' offers an enhanced ownership experience with benefits and services worth Rs 27,000, valid over a 5-year period. This unique after-sales package will be available to customers at no cost till April 31, 2024.</p><p style="text-align: justify;">Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters.</p> |
| 21-Mar-2024 | Hero MotoCorp launches VIDA Advantage package for VIDA V1 Pro electric scooter | <p style="text-align: justify;">Hero MotoCorp has launched the 'VIDA Advantage' package for its VIDA V1 Pro electric scooter. A category-first proposition by VIDA, Powered by Hero, the emerging mobility brand of Hero MotoCorp, the 'VIDA Advantage' package offers peace of mind to customers by making EV ownership hassle-free. The ‘VIDA Advantage' offers an enhanced ownership experience with benefits and services worth Rs 27,000, valid over a 5-year period. This unique after-sales package will be available to customers at no cost till April 31, 2024.</p><p style="text-align: justify;">Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters.</p><div style="text-align: justify;"><br></div> |
| 02-Mar-2024 | Hero MotoCorp gains on reporting 19% rise in total sales in February | <p style="text-align: justify;">Hero MotoCorp is currently trading at Rs. 4583.50, up by 79.10 points or 1.76% from its previous closing of Rs. 4504.40 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 4590.95 and has touched a high and low of Rs. 4598.30 and Rs. 4562.80 respectively. So far 970 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4979.95 on 12-Feb-2024 and a 52 week low of Rs. 2246.75 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 4598.30 and Rs. 4350.20 respectively. The current market cap of the company is Rs. 90052.75 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.44% and 8.80% respectively.</p><p style="text-align: justify;">Hero MotoCorp has sold 468,410 units in February 2024. This translates into a robust 19% growth over the corresponding month (February 2023), when it had sold 394,460 units. Of the total sales in February 2024, the company sold 436,929 motorcycles and 31,481 scooters as against 371,854 motorcycles and 22,606 scooters sold in February 2023. Domestic sales stood at 445,257 units in February 2024, up from sales of 382,317 units in February last year. Besides, the company's exports increased to 23,153 units in February 2024 versus 12,143 units in February 2023.</p><p style="text-align: justify;">The volumes in the month of February indicate the continuously improving consumer sentiments and the company expects the positive trend to continue in the coming months, on the back of favorable economic indicators. In line with strategy of growing the core and expanding premium product portfolio, the Company started the sales of its recently launched motorcycle -- Xtreme 125R and expanded its upper premium portfolio of 440cc motorcycles with the launch of Mavrick 440, deliveries of which are to begin in April 2024. The Company is in the process of scaling up the volumes of Harley-Davidson X440 and Mavrick 440, the first phase of which should be completed by the middle of this year. </p><p style="text-align: justify;">Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters.</p> |
| 02-Mar-2024 | JSW Steel, Torrent Power and Hindustan Aeronautics to see some action today | <p style="text-align: justify;"><b>JSW Steel</b>'s step down wholly owned subsidiary -- JSW Steel Italy SRL(JSW) and the Ministry of Industry and Made in Italy, the Tuscany Region, the Municipality of Piombino have signed a Memorandum of Understanding (MOU). This MOU is intended to commence & relaunch the Steelworks site of Piombino. Apart from doubling the current rail making capacity from 300,000 tonnes to 600,000 tonnes per annum, the investments at Piombino are aimed at making the Rail Mill more efficient, most modern, technologically advanced and best in class. The project envisages setting up of Tandem Mill, Head Hardening facility and increase the length of rails from 108 to 120 meters. </p><p style="text-align: justify;"><b>Torrent Power</b> has emerged as the successful bidder and has received Letter of Award (LoA) from Railway Energy Management Company (REMCL) on February 29, 2024 for setting up of grid-connected renewable power projects, with or without storage, for supply of 100 MW Round-The-Clock power. Project shall be commissioned within 24 months from the signing of Power Purchase Agreement. The project cost is around Rs 2,700 crore for installing about 325 MW of renewable capacity for supply of 100 MW RE-RTC power. </p><p style="text-align: justify;"><b>Hindustan Aeronautics</b> has signed contract with Ministry of Defence for Manufacture and Supply of RD-33 Aero Engines for MiG-29 aircraft, at a cost of Rs 5,249.72 crore. These Aero Engines are expected to fulfill the need of Indian Air Force (IAF) to sustain the operational capability of the MiG-29 fleet for the residual service life. The aero-engines will be manufactured under Transfer of Technology (TOT) license from the Russian OEM. The programme will focus on indigenisation of several high value critical components, which would help increase the indigenous content of future Repair and Overhaul (ROH) tasks of RD-33 aero-engines.</p><p style="text-align: justify;"><b>Rainbow Children's Medicare</b> has launched its new state-of-art 80 beds spoke hospital at Anna Nagar, Chennai. Anna Nagar is a well-developed locality in north-west Chennai with an excellent social infrastructure and good connectivity to IT Parks and commercial complexes through public transport and major arterial roads. This upscale region serves as preferred residential location for young professionals and families in north-west Chennai.</p><p style="text-align: justify;"><b>Alfa Transformers</b> has received a purchase order worth of Rs 27.39 crore from Gujarat Electricity Board. The order is for Design, Manufacturing and Supply of 10 KVA 4,994 Nos of Transformers from Vadodara plant. The order to be executed within 7 months.</p><p style="text-align: justify;"><b>Hero MotoCorp</b> has sold 468,410 units in February 2024. This translates into a robust 19% growth over the corresponding month (February 2023), when it had sold 394,460 units. Of the total sales in February 2024, the company sold 436,929 motorcycles and 31,481 scooters as against 371,854 motorcycles and 22,606 scooters sold in February 2023. Domestic sales stood at 445,257 units in February 2024, up from sales of 382,317 units in February last year. Besides, the company's exports increased to 23,153 units in February 2024 versus 12,143 units in February 2023.</p><p style="text-align: justify;"><b>Escorts Kubota</b>'s Construction Equipment Segment has sold 611 machines in February 2024 registering a growth of 30.0% as against 470 machines sold in February 2023. With continued focus of Government on infrastructure development and continued budgetary support will ensure the growth momentum in the Construction Equipment industry is sustained.</p> |
| 01-Mar-2024 | Hero MotoCorp reports 19% rise in total sales in February | <p style="text-align: justify;">Hero MotoCorp has sold 468,410 units in February 2024. This translates into a robust 19% growth over the corresponding month (February 2023), when it had sold 394,460 units. Of the total sales in February 2024, the company sold 436,929 motorcycles and 31,481 scooters as against 371,854 motorcycles and 22,606 scooters sold in February 2023. Domestic sales stood at 445,257 units in February 2024, up from sales of 382,317 units in February last year. Besides, the company's exports increased to 23,153 units in February 2024 versus 12,143 units in February 2023.</p><p style="text-align: justify;">The volumes in the month of February indicate the continuously improving consumer sentiments and the company expects the positive trend to continue in the coming months, on the back of favorable economic indicators. In line with strategy of growing the core and expanding premium product portfolio, the Company started the sales of its recently launched motorcycle -- Xtreme 125R and expanded its upper premium portfolio of 440cc motorcycles with the launch of Mavrick 440, deliveries of which are to begin in April 2024. The Company is in the process of scaling up the volumes of Harley-Davidson X440 and Mavrick 440, the first phase of which should be completed by the middle of this year. </p><p style="text-align: justify;">Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters.</p> |
| 14-Feb-2024 | Hero MotoCorp to open bookings for flagship motorcycle ‘Mavrick 440' from February 14 | <p style="text-align: justify;">Hero MotoCorp is all set to open the bookings for its flagship motorcycle ‘Mavrick 440' starting from February 14, 2024. Customers can book their motorcycles at specified Hero MotoCorp customer outlets as well as digitally by visiting www.heromotocorp.com. Deliveries of the motorcycle to customers will commence from April onwards.</p><p style="text-align: justify;">The much-awaited motorcycle of the year will be available in three variants – Base, Mid and Top at Hero MotoCorp dealerships across the country at an attractive price point of Rs 199,000 (Base), Rs 214,000 (Mid) and Rs 224,000 (Top) respectively. The company is also launching a ‘Welcome to Mavrick Club Offer' which will be available to customers who book the Mavrick 440 before March 15, 2024. They will get a customised Mavrick Kit of Accessories & Merchandise worth Rs 10,000.</p><p style="text-align: justify;">The Mavrick 440 represents Hero MotoCorp's s path-breaking foray into the middle-weight motorcycle segment, showcasing the company's commitment to innovation and excellence. Unveiled amidst great anticipation at the Hero World 2024 in Jaipur on January 23, this dynamic motorcycle comes with an unparalleled blend of performance, style, and cutting-edge technology.</p><p style="text-align: justify;">Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters.</p><div style="text-align: justify;"><br></div> |
