Hero MotoCorp Board Approves Rs 420 Crore Investment in Ather Energy
2 years, 11 months ago

Hero MotoCorp Board Approves Rs 420 Crore Investment in Ather Energy

News 18  

The country's largest two-wheeler maker Hero MotoCorp said its board has approved to further invest up to Rs 420 crore in electric two-wheeler company Ather Energy. We are excited to see the growth of Ather Energy in recent years," Hero MotoCorp Head Swadesh Srivastava noted. Hero MotoCorp is an early investor in Ather Energy and has been part of its growth story since 2016. Through its investments and partnerships with external partners like Ather Energy and Gogoro Inc, Hero MotoCorp is also working towards building the entire EV ecosystem from products to technology, to sales, service, customer care, operations, and innovation, the company noted.. Read all the Latest Auto News here

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History of this topic

Hero MotoCorp’s ride may be easy
1 month, 1 week ago

Hero MotoCorp’s ride may be easy

Live Mint  

Hero MotoCorp Ltd’s shares are down 26% from its 52-week high of ₹6,246.25 per share on 24 September. Hero’s electric scooter brand Vida continues to be loss making at Ebitda level. Still, Hero’s overall Ebitda margin at 14.5% has expanded 42 basis points year-on-year and 9 bps sequentially. Meanwhile, the management allayed concerns regarding the growth being driven by higher …

RIL, Ola Electric, Adani Green, Hero Motocorp: Stocks to watch today
1 month, 1 week ago

RIL, Ola Electric, Adani Green, Hero Motocorp: Stocks to watch today

India Today  

The stock markets experienced a challenging week as foreign investors continued to withdraw funds. Several key stocks, including Hero MotoCorp, Grasim Industries, Adani Green Energy, and Ola Electric, are expected to remain in focus due to second-quarter earnings reports and other updates. HERO MOTOCORP India’s largest two-wheeler manufacturer, Hero MotoCorp, reported a 14% growth in standalone net profit, which stood …

Hero Motocorp Q2 Results 2024 on 15 Nov, 2024: profit rise by 5.7% YOY, profit at ₹1063.71 crore and revenue at ₹10482.93 crore
Trending News
1 month, 1 week ago

Hero Motocorp Q2 Results 2024 on 15 Nov, 2024: profit rise by 5.7% YOY, profit at ₹1063.71 crore and revenue at ₹10482.93 crore

Live Mint  

Hero Motocorp Q2 Results 2024:Hero Motocorp declared its Q2 results for the fiscal year 2024 on November 14, 2024, reporting a year-over-year profit increase of 5.7%. The company's profit stood at ₹1063.71 crore, while revenue reached ₹10482.93 crore, marking a 9.96% rise compared to the same quarter last year. In comparison to the previous quarter, Hero Motocorp saw a revenue …

Hero MotoCorp Q2 Results: Net profit rises 6% to ₹1,066 crore, revenue up 9.9%
1 month, 1 week ago

Hero MotoCorp Q2 Results: Net profit rises 6% to ₹1,066 crore, revenue up 9.9%

Live Mint  

Hero MotoCorp Q2 Results: Hero MotoCrop Limited announced its July to September quarter results on Thursday, November 14. The company recorded a 6 per cent hike in net profits to ₹1,066 crore in the second quarter of the financial year 2024-25, compared to ₹1,007 crore in the same quarter the previous year in the consolidated statements, according to the company's …

Hero Motocorp Q1 Results Live : profit rise by 47.29% YOY
4 months, 1 week ago

Hero Motocorp Q1 Results Live : profit rise by 47.29% YOY

Live Mint  

Hero Motocorp Q1 Results Live : Hero Motocorp Q1 Results Live: Hero Motocorp declared their Q1 results on 13 Aug, 2024, showcasing impressive growth across multiple financial metrics. As of 14 Aug, 2024, out of 37 analysts covering Hero Motocorp, 2 analysts have given a Strong Sell rating, 6 analysts have given a Sell rating, 5 analysts have given a …

Hero FinCorp approves ₹4,000 crore IPO: What we know about the issue
6 months, 3 weeks ago

Hero FinCorp approves ₹4,000 crore IPO: What we know about the issue

Hindustan Times  

Hero FinCorp Ltd - subsidiary of Hero MotoCorp Ltd- said its board of directors approved a ₹4,000 crore Initial Public Offering of equity shares with a face value of ₹10 each. Hero FinCorp said, “This is to inform you that the Board of Directors of the Company in their meeting held on May 29, 2024, has considered and approved the …

Hero MotoCorp, Ather Energy Join Hands for Interoperable Fast-Charging Network in India
1 year ago

Hero MotoCorp, Ather Energy Join Hands for Interoperable Fast-Charging Network in India

News 18  

Two-wheeler manufacturer Hero MotoCorp and EV maker Ather Energy on Wednesday said the companies have entered into a partnership through which electric vehicle users will be able to use each other’s fast-charging network. Hero MotoCorp and Ather Energy have entered into a partnership for an interoperable fast-charging network in India, according to a statement on December 6. Swadesh Srivastava, chief …

Hero MotoCorp to hike prices of selective motorcycles, scooters from this date. Check price hike on models
1 year, 2 months ago

Hero MotoCorp to hike prices of selective motorcycles, scooters from this date. Check price hike on models

India TV News  

Hero MotoCorp on Friday declared that it will increase prices of selective motorcycles and scooters by around 1 per cent from October 3. Hero MotoCorp approves Rs 550 crore investment in Ather Energy: Earlier in the month, Hero MotoCorp said it will invest an additional Rs 550 crore in Ather Energy. The company's board, at its meeting held on September …

Ather Energy raises Rs 900 crore from Hero MotoCorp, GIC
1 year, 3 months ago

Ather Energy raises Rs 900 crore from Hero MotoCorp, GIC

India Today  

Leading electric two-wheeler firm Ather Energy today announced that it has raised Rs 900 crore from its existing shareholders, including the country's largest motorcycle and scooter manufacturer Hero MotoCorp and global investment firm GIC, through a rights issue. Ather has installed a public charging network, Ather Grid, which is the country's largest fast-charging network for electric two-wheelers. Last few years …

Hero MotoCorp shares zoom to 52-week high riding Harley Davidson X440 launch
1 year, 5 months ago

Hero MotoCorp shares zoom to 52-week high riding Harley Davidson X440 launch

Live Mint  

Hero MotoCorp share price witnessed a sharp rally driven by the launch of X440 in India, a premium motorcycle co-developed by the world’s largest two-wheeler manufacturer and iconic American brand Harley-Davidson. The X440, which marks Hero MotoCorp and Harley-Davidson’s foray into the 440cc segment for the first time in India, is expected to drive market share gains of the Indian …

Hero MotoCorp Plans to Expand its Electric Two-Wheeler Range
1 year, 6 months ago

Hero MotoCorp Plans to Expand its Electric Two-Wheeler Range

News 18  

VidaHero MotoCorp is gearing up to expand its electric two-wheeler range while upgrading its existing sales infrastructure to enhance premium play as part of its future growth plans, according to its newly appointed CEO Niranjan Gupta. Outlining the company’s three priorities in the mid-term, he noted that it would focus on bolstering its presence in the premium segment, expanding the …

Hero MotoCorp shares surge sharply today. Check what's driving the rally
1 year, 6 months ago

Hero MotoCorp shares surge sharply today. Check what's driving the rally

India Today  

Shares of Hero MotoCorp Limited gained over 3 per cent on Friday, providing a boost to the overall Nifty Auto index. At 12:45 pm, shares of the company were trading 3.17 per cent higher at Rs 2,889 apiece, emerging as the top gainer on the Nifty Auto index. Its total sales stood at 519,474 units in May 2023, marking a …

Hero MotoCorp to introduce highest-ever number of products in 2023: CEO
1 year, 7 months ago

Hero MotoCorp to introduce highest-ever number of products in 2023: CEO

Live Mint  

Hero MotoCorp CEO Niranjan Gupta said the company is gearing up for highest ever model introductions this fiscal as it looks to consolidate market share especially in the premium bike segment. Probably this fiscal, we'll see the maximum number of launches ever seen in the company's history," Gupta said in an analyst call. As per a report by PTI, the …

Hero MotoCorp to collaborate with Zero Motorcycles for new EV offerings
1 year, 9 months ago

Hero MotoCorp to collaborate with Zero Motorcycles for new EV offerings

Live Mint  

Two-Wheeler maker Hero MotoCorp on Monday announced that it has signed agreement with US-based Zero Motorcycles to collaborate on premium electric motorcycles. With Zero as our partner, we look forward to accelerate the transition of electric mobility in India and across our global markets," said Pawan Munjal, Chairman & CEO, Hero MotoCorp. With these shared passions, we look forward to …

Hero MotoCorp to expand e-bike range in 12-18 months
1 year, 10 months ago

Hero MotoCorp to expand e-bike range in 12-18 months

Hindustan Times  

The country's largest two-wheeler maker Hero MotoCorp plans to expand its electric two-wheeler range over the next 18-24 months as it looks to cater to demand across multiple customer segments, according to a senior company official. The company, which has already commenced sales of its electric scooter under Vida brand across Delhi, Bengaluru and Jaipur, plans to introduce the existing …

Stocks to Watch: Airtel, Adani Ports, Hero MotoCorp, ONGC, Vodafone Idea
1 year, 10 months ago

Stocks to Watch: Airtel, Adani Ports, Hero MotoCorp, ONGC, Vodafone Idea

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: Bharti Airtel: Bharti Airtel’s consolidated net profit missed estimates even as it rose 91% to ₹1,588.2 crore for the quarter ended December 2022 from ₹829.6 crore the same quarter last year, but down by 26% from September quarter’s profits of ₹2,145 crore, on the account of …

Hero MotoCorp banks on bold intent, but ride rough
2 years ago

Hero MotoCorp banks on bold intent, but ride rough

Live Mint  

Investors have welcomed Hero MotoCorp Ltd’s decision to raise ex-showroom prices of its motorcycles and scooters from 1 December. This move signals Hero’s bold intent and confidence given that the cost pressures are receding now," said Varun Baxi, an analyst at Nirmal Bang Institutional Equities. “As much as 75-80% of the company’s products are in the lower-end 75cc-110cc categories, which …

Hero MotoCorp's first electric scooter unveiled, costs less than ₹1.50 lakh
2 years, 2 months ago

Hero MotoCorp's first electric scooter unveiled, costs less than ₹1.50 lakh

Hindustan Times  

Motorcycle maker Hero MotoCorp launched its first electric scooter worldwide on Friday as it looks to catch up with newer businesses that have taken the lead in the country's clean mobility push. Like many legacy automakers in India, Hero Motocorp has been a laggard in electric two-wheelers, where start-ups such as Ather Energy and Softbank Group-backed Ola Electric have gained …

Hero MotoCorp to invest $60 million in Zero Motorcycles
2 years, 2 months ago

Hero MotoCorp to invest $60 million in Zero Motorcycles

Live Mint  

Bikemaker Hero MotoCorp said on Thursday it will collaborate and invest $60 million in California-based Zero Motorcycles for developing electric motorcycles. The collaboration will focus on codeveloping Electric motorcycles, the company said in a statement. The move comes after Hero in January announced an investment of more than $56 million in electric vehicle start-up Ather Energy — India's top electric-scooter …

KKR, Hero Group to Invest $450 Million in Hero Future Energies
2 years, 3 months ago

KKR, Hero Group to Invest $450 Million in Hero Future Energies

News 18  

Global investment firm KKR and Hero Group will invest USD 450 million in Hero Future Energies, a statement said on Tuesday. The investment will position Hero Future Energies for continued growth and support its efforts to expand its renewable energy capacity and capabilities across technologies such as solar, wind, battery storage, and green hydrogen, and into new markets over time, …

KKR leads $450 mn investment in Hero Group’s renewable energy arm
2 years, 3 months ago

KKR leads $450 mn investment in Hero Group’s renewable energy arm

Live Mint  

MUMBAI: Global private equity major KKR will invest $450 million, or around ₹3,585 crore, in Hero Future Energies, the renewable energy arm of the Hero Group, the companies announced on Tuesday. “Hero Future Energies is a pioneer in India’s renewables sector, and has a strong track record of delivering innovative clean energy solutions to support India’s renewable energy ambitions. Founded …

Countdown begins for launch of Hero MotoCorp's first electric scooter
2 years, 3 months ago

Countdown begins for launch of Hero MotoCorp's first electric scooter

Hindustan Times  

Two-wheeler giant Hero MotoCorp will foray into the electric vehicles segment in October with the launch of its first model in the domestic market. Vida, a sub-brand of Hero MotoCorp, will launch its first electric scooter on October 7. Vida's e-scooter will be sold overseas in Europe and Latin America Hero MotoCorp Limited, formerly Hero Honda, has sent invitations to …

In Q1, Hero MotoCorp posts profit of ₹365 cr
3 years, 4 months ago

In Q1, Hero MotoCorp posts profit of ₹365 cr

Live Mint  

Hero MotoCorp Ltd –country’s leading two-wheeler manufacturer – more than tripled its net profit to Rs 365 crore for the quarter ending June 30, as result of the low base of last year. The company reported a net profit of just ₹61 crore for the corresponding period last fiscal due to strict nationwide lockdown to tackle the first wave of …

Hero MotoCorp net profit rises 39% to ₹865 crore, beats estimates
3 years, 7 months ago

Hero MotoCorp net profit rises 39% to ₹865 crore, beats estimates

Live Mint  

Hero MotoCorp on Thursday reported 39.4% increase in its net profit to Rs865 crore for the fourth quarter ended March 31, 2021, compared to ₹621 crore in the same period of previous fiscal. Earnings before interest, tax, depreciation and amortisation for Q4 FY21 stood at ₹1,211 crore versus ₹660 crore in Q4 FY20, reflecting 13.8% EBITDA margin and a growth …

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