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.
Hero MotoCorp is jointly developing a 600cc model in tandem with Erik Buell Racing. This 600cc bike, yet in concept stage and code named Hero Hastur will be unveiled at the 2014 Auto Expo.
Q3 of FY’14 marked several milestones in Hero MotoCorp’s journey towards next-generation technological excellence. The company has dDemonstrated technological excellence and innovation (Unveiled 15 new offerings’), and showcased next-gen features to be introduced in its new product line-up.
Hero MotoCorp has reported PAT OF RS. 525 crore and highest ever quarter turnover of Rs 6877 crore for Q3 FY’14. A synopsis of Financial Results for Q3, FY’14 is as follows: Total sales for the quarter stands at 16,80,940 units, total turnover (Net sales and other operating income) Rs. 6877 Crore, Profit Before Tax (PBT) stands at Rs. 717 crore, Net Profit After Tax (PAT) stands at Rs. 525 crore, and EBIDTA margin for the quarter at 13.06%.
Today is an important day in the history of Hero MotoCorp. That is how Mr Pawan Munjal, MD and CEO, Hero MotoCorp, world’s largest two wheeler maker, started the press conference in New Delhi. What followed was a detailed description of Hero’s future plans, and motorcycle / scooter launches for India, which include a powerful 250 cc sports bike, a diesel bike, an electric scooter and much more.
A series of self developed, self tested engines in the form of 100cc, 110cc and 250cc in displacement are coming soon from Hero MotoCorp, world’s largest two wheeler manufacturer. These new engines will make their way in by the coming year and should be showcased at the 2014 Auto Expo.
Back in July this year, India’s Hero MotoCorp, which is also the world’s largest two wheeler manufacturer, invested $25 million and bought 49.2% stake in American racing and superbike manufacturing company, Erik Buell Racing. It is this company, EBR, that has revealed a new superbike, 1190 RX.