Hero MotoCorp appointed global mobility expert Michael Clarke to the newly created position of Chief Operating Officer (COO), with the additional role of Chief Human Resources Officer (CHRO).

Based out of India, Mike will join Hero MotoCorp effective 01 January 2021 and report to Dr. Pawan Munjal, Chairman & CEO of Hero MotoCorp. The Nomination and Remuneration Committee (NRC) of Hero MotoCorp has approved the appointment.

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Hero MotoCorp Ltd rose for a third straight session today. The stock is quoting at Rs 3125.45, up 1.28% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.12% on the day, quoting at 12675.65. The Sensex is at 43283.62, down 0.17%. Hero MotoCorp Ltd has dropped around 5.6% in last one month.

Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has dropped around 3.51% in last one month and is currently quoting at 8284.05, up 0.34% on the day. The volume in the stock stood at 8.9 lakh shares today, compared to the daily average of 21.31 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 3117.7, up 1.09% on the day. Hero MotoCorp Ltd is up 20.6% in last one year as compared to a 6.77% gain in NIFTY and a 1.49% gain in the Nifty Auto index.

The PE of the stock is 24.5 based on TTM earnings ending September 20.

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Hero MotoCorp has launched the Xtreme 200S in the BS-VI avatar. The new Xtreme 200S now comes with an oil-cooler and in a new Pearl Fadeless White color. The Xtreme 200S BS-VI will be available at Hero MotoCorp showrooms across the country at an attractive price of Rs 1,15,715/-*. *(ex-showroom Delhi)

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Sequentially, total sales have risen by 12.7% in September 2019 from 8,06,848 units sold in September 2020.

The company's motorcycles sales stood at 7,32,498 units (up 32.5% YoY) and scooter sales were at 74,350 units (up 59.6% YoY) in October 2020.

While the domestic two-wheeler sales improved by 34.8% to 7,91,137 units, two-wheeler exports increased by 28.1% to 15,711 units during the month compared with the same period last year.

Hero MotoCorp said that a positive turnaround in customer sentiments - particularly for motorcycles across markets, continued government policy support and a credible resumption of supply chain, logistics and business operations have enabled the company to achieve record numbers during the auspicious festive period.

The company further said that with the higher dispatches during the month, the company's customer touch points across the country now have adequate inventories in line with market demand in the ongoing festival period.

The company has also registered significant gains in market share in the second quarter (July-September) across product categories and geographies and expect to further build on this momentum going ahead, it added.

Hero MotoCorp is the world's largest manufacturer of motorcycles and scooters, in terms of unit volumes sold by a single company in a year.

The two-wheeler major's standalone net profit jumped 9% to Rs 953.45 crore on 23.7% increase in net sales to Rs 9,367.34 crore in Q2 September 2020 over Q2 September 2019.

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