- Tag results for Hero MotoCorp
Hero MotoCorp will start retailing Destini from Delhi/NCR from Tuesday, while sales in other parts of the country would begin in the next 3-4 weeks.
On the NSE, shares of the company fell by 3 per cent to close at Rs 2,807.55.
He further said that Hero expects to carry the momentum forward during the rest of the year, and navigate through the cost challenges to deliver profitable and sustained growth.
The price hike will translate to an increase of up to Rs 900, although the exact quantum of the increase will vary, basis the model and the specific market, it added.
Kohli will start his innings with Hero MotoCorp with a campaign for the new Xtreme 200R premium motorcycle, the company said in a statement.
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 company had sold 6,23,269 units in the corresponding month last year.
The firm is also betting on good agricultural harvest on account of the normal monsoon across the country to drive market demand.
When contacted, a Hero MotoCorp official confirmed the development and told PTI: "All due legal procedures were followed before taking the final action.
Profit rose to 9.67 billion rupees in the three months ended March 31, from 7.18 billion rupees a year ago, the company said in a statement.
A world record has been created on March 28, three days ahead of the close of the current financial year 2017-18.
The country's largest two-wheeler maker Hero MotoCorp today reported 31.7 per cent jump in sales to 6,41,501 units in January.
Two-wheeler market leader Hero MotoCorp today said it will increase prices of its motorcycles across models by about Rs 400 per model.
Two-wheeler market leader Hero MotoCorp today said it has "almost" sold out all of its BS-III inventory ahead of the Supreme Court imposed ban on such vehicles kicking in.