Hero MotoCorp ropes in Virat Kohli as Brand Ambassador
11 - Sep - 2018 12:00 AM | 9 days ago
Hero MotoCorp announced Cricket icon and captain of the Indian National Cricket Team Virat Kohli as its Brand Ambassador.
Virat will start his innings with Hero MotoCorp, riding on the new Xtreme200R premium motorcycle. The campaign featuring Virat on the Xtreme200R will be launched on Wednesday across TV, Print, Outdoor and Digitalplatforms, to coincide with the start of the nationwide retails sales of theXtreme 200R. The new premium motorcycle has been attractively priced at Rs 89,900/] (ex]showroom Delhi).
Hero MotoCorp sells 6.85 lakh motorcycles in August 2018
03 - Sep - 2018 12:00 AM | 17 days ago
Hero MotoCorp sold 685,047 units in August 2018. The Company had sold 678,797 units of two]wheelers in the corresponding month of the previous fiscal.
Hero MotoCorp has sold a record 3,469,661 units of two]wheelers in the first five months (Apr]Augf18) of this financial year (FYf19), thereby clocking a growth of 10% over the corresponding period of the previous fiscal, when the Company had sold 3,141,551 units.
In August, Hero MotoCorp commenced dispatch of its new premium motorcycle, the Xtreme 200R, to dealerships across the country. The Xtreme 200R is attractively priced at Rs. 89,900/] (ex]showroom Delhi).
Hero MotoCorp will soon launch two new 125cc scooters to provide moreexcitement during the upcoming festive season.
Hero MotoCorp two- wheeler manufacturer is set to commence country-wide sales of its new premium motorcycle Xtreme 200R, with dispatches from its factories starting next week. To be available for sales at Hero MotoCorp dealerships starting in a phased manner, the Xtreme 200R has been priced attractively at Rs. 89,900/-. The Xtreme 200R focuses on safety with Anti-Lock Brake System (ABS), to offer ABS as a standard safety feature.The new Xtreme 200R is powered by oriented BS-IV compliant 200cc engine. The air-cooled engine produces a maximum power output of 18.4 PS @ 8000 rpm and maximum torque of 17.1 NM @ 6500 rpm.
Meanwhile, the S&P BSE Sensex was down 189.34 points, or 0.5% to 37,332.28
On the BSE, 3,347 shares were traded in the counter so far compared with average daily volumes of 55,000 shares in the past two weeks. The stock had hit a high of Rs 3,290 and a low of Rs 3,229.50 so far during the day. The stock hit a record high of Rs 4,200 on 23 August 2017. The stock hit a 52-week low of Rs 3,037.10 on 24 July 2018.
Hero MotoCorp reported 9% rise in sales to 6.79 lakh units of two-wheeler in the month of July 2018 from July 2017 due to continued strong demand for range of popular motorcycles and scooters. The company has lined up multiple new product launches ahead of the festive season, including the Xtreme 200R motorcycle and the 125cc scooters.
Pawan Munjal, Chairman, MD, and CEO, Hero MotoCorp, said the company is confident of carrying the growth trajectory forward and expect to grow at doubledigit in the upcoming festive season. The normal monsoon in most parts of the country, and the consequent agricultural harvest will keep the sentiments buoyant and help maintain the momentum. Economic growth, rural investments and initiatives such as MSP, MNREGA etc. augur well for the future growth of the industry.
Hero MotoCorp's net profit fell 0.53% to Rs 909.17 crore on 10.39% rise in net sales to Rs 8809.82 crore in Q1 June 2018 over Q1 June 2017.
Hero MotoCorp is the world's largest manufacturer of two wheelers, based in India.
