India’s largest two-wheeler maker, Hero MotoCorp, plans to set up a new plant in Argentina which is the second largest market in the region after Brazil. These plans are in final stages of development.
In its latest move to improve overall organizational structure, Hero MotoCorp has promoted Pawan Munjal from his current post of Managing Director to the post of Vice Chairman of Hero MotoCorp.
Hero Passion Pro TR, which Hero MotoCorp claims isÂ built for both on and off road facilities is launched in India. A spiced up iteration of Passion Pro, the Passion Pro TR comes in with added features and a host of accessories, not seen on the Passion Pro, with a price tag of INR 53,531, almost INR 6,000 over the price of Passion Pro.
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%.