Hero MotoCorp Ltd (HEROMOTOCO)

Hero MotoCorp Reports 34.7% YoY Growth in April Sales - 03 May, 2024

Hero MotoCorp reported sales of 5,33,585 units in India in April 2024, a growth of 34.7% compared to the same period last year. The company's scooter sales stood at 37,043 units.

Hero MotoCorp Reports Strong Sales Growth in April 2024 - 02 May, 2024

Hero MotoCorp reported strong sales growth in April 2024 with a 34.7% YoY increase in unit sales. Domestic sales grew by 33%, while exports surged by 105%. The company also posted impressive Q3 FY24 results with a 51% jump in net profit and declared an interim dividend of ₹100 per share.

Hero MotoCorp Announces Pricing for Harley-Davidson 2024 Models - 30 Apr, 2024

Hero MotoCorp has announced the ex-showroom prices for its 2024 range of Harley-Davidson motorcycles in India, starting from Rs 13.39 lakh up to Rs 41.79 lakh.

Axis Securities Picks Hero MotoCorp as Top Pick of the Week - 29 Apr, 2024

Hero MotoCorp is Axis Securities' top pick of the week due to new product rollout, improvement in 2W business, robust margin trajectory, and rural recovery. The brokerage has a buy call on the stock with a target price of ₹4,935, implying a potential upside of 10%. Hero MotoCorp reported a 5.5% increase in total sales for FY23-24, demonstrating a positive trend.

Emkay Global Upgrades Hero MotoCorp to Buy - 26 Apr, 2024

Emkay Global has upgraded Hero MotoCorp stock to Buy from Reduce with a revised target price of Rs 5,100. The broking firm believes the shares remain attractively valued and have a multi-year low valuation discount versus Bajaj Auto. Replacement-led upturn provides growth visibility in two-wheelers for 2-3 years. Positive initial weather forecasts for the 2024 monsoon season may further drive rural demand.

Emkay Global Upgrades Hero MotoCorp Rating to Buy - 25 Apr, 2024

Emkay Global Financial Services has upgraded the rating for Hero MotoCorp shares to Buy from Reduce with a target price of Rs 5100. The brokerage cites recent product launches, sustained growth in the domestic two-wheeler market, and positive outlook for monsoons as reasons for the recommendation.

Hero MotoCorp's CTO Resigns; Vikram Kasbekar to Head R&D - 23 Apr, 2024

Hero MotoCorp's Chief Technology Officer, Arun Jaura, has resigned. Effective April 30th, Vikram Kasbekar will assume additional responsibilities by leading the Research and Development function of the company.

Hero MotoCorp Launches Assembly Facility in Nepal; CTO Steps Down - 22 Apr, 2024

Hero MotoCorp has opened an assembly facility in Nepal with a capacity of 75,000 units per annum and launched four products. The company's CTO, Dr. Arun Jaura, has resigned and will be replaced by Vikram Kasbekar. The stock price jumped by 2.28%.

Hero MotoCorp Opens Assembly Facility in Nepal - 21 Apr, 2024

Hero MotoCorp has partnered with its distributor CG Motors to open an assembly facility in Nepal. The new facility will have a capacity of 75,000 units per annum and will assemble four products locally. This move is expected to bring new investments and create job opportunities in the region.

Hero MotoCorp Trademarks Mavrick Scrambler Name - 19 Apr, 2024

Hero MotoCorp has trademarked the name 'Mavrick 440 Scrambler' in India, indicating a new retro-styled street motorcycle is in development. The bike will likely feature a 440cc air and oil-cooled single-cylinder engine with 27bhp and 36Nm of peak torque, mated to a six-speed gearbox. Hero may retain most of the styling and bodywork from the Harley-Davidson X440 platform while adding spoke wheels, larger rims, taller suspension, and a new instrument console.

Hero MotoCorp Commences Deliveries of Mavrick 440 Bikes - 16 Apr, 2024

Hero MotoCorp has started delivering its bike Mavrick 440 to customers across India. Meanwhile, the company's stock continues to decline for the fifth consecutive session.

Hero MotoCorp Begins Deliveries of Mavrick 440 Motorcycle - 15 Apr, 2024

Hero MotoCorp has started delivering its new Mavrick 440 motorcycle across India, marking an important entry into the middle-weight segment. Additionally, an article highlights the excellent after-sales service provided by Sehgal Autoriders, a premier auto dealer offering Hero bikes in Pune.

Hero MotoCorp Reports Positive Q2FY24 to Q3FY24 Results - 14 Apr, 2024

Hero MotoCorp, one of India's largest motorcycle manufacturers, reported positive movements in operating revenues and after-tax profit figures during Q2FY24 to Q3FY24. The company exhibited a dividend yield of 2.22% and a debt-to-equity ratio of 0.04 times. Return on equity (RoE) and return on capital employed (RoCE) were healthy during FY22-23.

Hero MotoCorp Ltd's Low P/E Ratio Indicates Investor Anticipation of Earnings Instability - 11 Apr, 2024

Hero MotoCorp Ltd has a lower P/E ratio than most other companies in India, indicating investor anticipation of earnings instability and potential risks. While the company has been growing its earnings faster than most others, analysts predict comparable growth rates over the next three years.

Hero MotoCorp Expects 12.6% YoY Revenue Growth - 09 Apr, 2024

Hero MotoCorp estimates a 12.6% YoY revenue growth due to volume and ASP growth, resulting in EBITDA margin expansion by 114bps YoY and PAT growth of 20.2% YoY.

Hero MotoCorp Receives Tax Demand Notice - 05 Apr, 2024

The Income Tax Department has issued a notice to Hero MotoCorp worth Rs 605 crore, inclusive of interest, for six assessment years. The company will contest the notices with appellate authorities and believes that the demand raised is unsustainable in nature and unlikely to have a material impact on financials.

Hero MotoCorp Receives Tax Demand Notice Worth Rs 605 Crore - 04 Apr, 2024

Hero MotoCorp has received a tax demand notice from the Income Tax Department for Rs 308.65 crore and interest thereon of Rs 296.22 crore for six assessment years, including FY14 to FY18 & FY20. The company will file appeals against the orders with appellate authorities.