Hero Motocorp

Two-wheeler sales get festive boost, Hero sells 14 lakh units in 32 days

A senior analyst at a brokerage firm tracking the auto sector said 2W sales during the 32-day festive period may have touched the 3 million or 30 lakh units mark.

published on : 17th November 2023

ED seizes Hero Chairman Munjal’s asset worth Rs 50 crore in money laundering case

The seizures include his three immovable properties worth Rs 25 crore located in Delhi.

published on : 11th November 2023

ED attaches Rs 24.95 crore worth Delhi properties of Hero MotoCorp MD Pawan Munjal

The ED investigation found that Pawan Kant Munjal got foreign exchange/foreign currency issued in the name of other persons and thereafter utilised the same for his personal expenditure abroad.

published on : 10th November 2023

October rings in new hope for India's auto industry

October was one of the best months for the auto industry since the pandemic, with two-wheeler sales rsing 11.9% on the month and four-wheeler sales up 9.2%

published on : 4th November 2023

Hero MotoCorp registers strong October sales growth after two tough years

The company sold 529,341 motorcycles in October 2022, a 26% increase over 419,568 motorcycles sold in October 2021. Scooter sales saw an even larger 30% growth

published on : 1st November 2023

Matter sub judice, says firm after Munjal booked 

It should be noted that the case registered by the Delhi Police is not related to the Enforcement Directorate’s ongoing money laundering probe against Munjal.

published on : 10th October 2023

TVS, Hero MotoCorp & Royal Enfield report growth in September sales

For the first six months of FY24, Hero’s total sales stood at 27.69 lakh units, a drop from 28.18 lakh units sold in the same period last financial year. 

published on : 3rd October 2023

Two-wheeler makers go premium

In the last 2-3 years, two-wheeler prices have risen sharply, delaying the recovery of small engine-powered bikes. premium segment has not been impacted much by price rises, or slowdowns.

published on : 3rd September 2023

Hero HD X440, Karizma XMR find traction among buyers - Report

Both these launches address the key void in HMCL's premium product portfolio, the analysis said, referring to Hero's portfolio that is heavily tilted towards the commuter and mass markets segments.

published on : 1st September 2023

Hero eyes bigger share in premium segment, launches Karizma ZMR

Hero has plans to launch a new premium product every quarter for the next three to four quarters and give a facelift to its stores. 

published on : 30th August 2023

I-T dept to probe Hero MotoCorp’s relationship with vendor

The probe by the DGGI is being monitored by other agencies, such as the ED and Ministry of Corporate Affairs (MCA), sources said. 

published on : 10th August 2023

Hero MotoCorp receives 25,597 bookings for Harley-Davidson X440

Hero MotoCorp said it will start production of the Harley-Davidson X440 in September 2023 and commence customer deliveries from October onwards.

published on : 8th August 2023

ED raids Pawan Munjal’s residence, other locations associated with Hero

The raids were launched after the ED registered a case against them under the provisions of the Prevention of Money Laundering Act (PMLA).

published on : 2nd August 2023

Royal Enfield to face competition from Harley x440 

Given Harley Davidsons' brand image and competitive pricing at which the product was launched, X 440 could be a strong contender in the premium segment.

published on : 5th July 2023

Hero MotoCorp commences Harley-Davidson X440 bookings; deliveries to begin in October

The motorcycle is available in three variants — Denim, Vivid and S at an introductory price point of Rs 2.29 lakh, Rs 2.49 lakh and Rs 2.69 lakh (ex-showroom), respectively.

published on : 4th July 2023

Hero under MCA lens for alleged diversion of funds

Country’s largest two-wheeler manufacturer Hero Motocorp is under the government’s lens with the Ministry of Corporate Affairs (MCA) initiating a probe against the company, as per reports. 

published on : 16th June 2023
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