Indian manufacturers are venturing out in good time. Expansion and estimated future sales sees Hero MotoCorp investing in manufacturing and assembly units to meet international sales targets.
Hero MotoCorp Ltd (HMCL), today reported 10% growth in Q2 2014 over over the corresponding quarter of the previous fiscal. Hero MotoCorp sold 17,15,129 two-wheelers in Q1 FY 2014-15 over 15,59,282 units sold in Q1 FY 2013-14.
Hero MotoCorp launched the refreshed version of the 2014 Xtreme 150 motorcycle with a host of styling modifications and an updated powertrain for better performance. Now, they have launched a new TVC, showcasing the prowess of their new bike in a very amazing way!
Hero MotoCorp two-wheeler sales for May 2014 stand at 6,02,481 units equating to 8% sales growth over May 2013 when 5,57,890 units were sold. The previous highest preceding sales month was April 2014 with 571,054 units sold.
Hero MotoCorp last week reported its Q4 FY ’14-15 (January-March 2014) results. Hero reported highest ever quarter sales of 15,89,462 units with company total turnover (Net Sales & other Operating Income) growth for the quarter being Rs 6512.96 crore. This equates to 6% growth over over Rs. 6145.75 crore reported in Q1 2013. EBIDTA margin for the quarter stood at 13.73%.
Hero MotoCorp will stop paying fixed royalty to Honda Motors from June this year. Following June 2014, as per earlier terms of agreement between the two parties, Hero will now only have to pay Honda royalty on products for which it sources technology like Impulse, Maestro scooter, Passion X Pro and Ignitor.
Keen to retain a top spot in the two wheeler market, Hero MotoCorp is updating its entire range of two wheelers. Targeting buyers who desire a bike for daily commuting needs and capable of tackling uneven terrain is why the company is brings in its new Hero Glamour, and Glamour FI.
Hero MotoCorp Ltd (HMCL) is working towrads expanding its global footprint to as many as 50 countries by 2020. Today, the company launched operations in Bangladesh through a Joint Venture (JV) with Nitol Niloy Group. The JV was announced by Mr. Pawan Munjal, Managing Director & Chief Executive Officer, Hero MotoCorp Ltd, and Mr. Abdul Matlub Ahmad, Chairman, Nitol Niloy Group of Companies, in the presence of the Industry Minister of Bangladesh H.E. Mr. Amir Hossain Amu and the Acting High Commissioner of India in Dhaka, Mr. Sandeep Chakravorty, and Group Managing Director of Nitol Niloy Group, Mr. Abdul Musabbir Ahmad.
The world’s largest two-wheeler manufacturer, Hero MotoCorp Ltd (HMCL) today launched its operations in Turkey in its quest of reaching 50 global markets by 2020. A partnership with Asya Makina (Asya Dis ticaret ve makina san ltd sti) of Turkey has been announced.The Soysal Group subsidiary has been appointed as distributor for Hero MotoCorp two-wheelers in Turkey.
Dare, Dash and Zir, are the three new scooters for India which were unveiled by Hero MotoCorp Ranbir Kapoor and Pawan Munjal. Dash is a 110 cc scooter, Dare is a 125 cc scooter while Zir is a 150 cc scooter. Neither price, nor it’s launch date was revealed, but these scooters will be launched in India very soon.