Ola Electric's stock has dropped again, for the 6th consecutive session and reported a loss of over 30 per cent from its recent all-time high of Rs 157.40 per share.
Hero MotoCorp's sales performance in May 2024 presents a mixed picture. While there is a noticeable decline in monthly sales figures, the company's overall growth in the early months of FY25 and significant increase in exports suggest positive momentum.
The price increase will be around 1 per cent, and the exact quantum of increase will vary by specific models and markets, it added. The price revision is part of our regular review of product competitiveness and positioning, factoring inflation, margins and market share, the company stated.
Last month, over 2.85 lakh two wheelers, rolled out by Honda Motorcycle and Scooter, were registered across the country as against over 2.51 lakh two wheelers of Hero Motocorp, as per the Indian government's Vahan portal.
As per sources, the office and residence of promoter Pawan Munjal and premises linked to the top officials of the company were also covered in the search.
Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from July 1.
The company had halted operations temporarily at its 6 plants in India in a staggered manner for four days from Apr 22 to May 2, which was then extended till May 16.
Hero said that the augmented reality showroom will allow customers to explore, configure and experience its products in their homes.
The country's top two-wheeler maker Hero MotoCorp on Thursday said it has launched a virtual showroom feature to help customers buy its motorcycles and scooters through a seamless digital experience amid rising in COVID-19 cases in the country.
"The company will utilise these shut-down days to carry out necessary maintenance work in the manufacturing plants," the company said in a statement.
Equity benchmark indices gained nearly one per cent on Wednesday as the Reserve Bank of India kept repo rate unchanged at 4 per cent and maintained 10.5 per cent growth projection for FY22.
Equity benchmark indices cracked further on Friday amid weak Asian cues with banking and auto majors taking a hit.
Two-wheeler market leader Hero MotoCorp on Wednesday said it will increase prices of its vehicles by up to Rs 1,500 from January 1, 2021, to offset impact of rising input costs.
Harley-Davidson Inc and Hero MotoCorp, the world's largest maker of motorcycles and scooters in terms of unit volumes, on Tuesday announced that the two will ride together in India.
Equity benchmark indices snapped six sessions of gain to close marginally lower on Wednesday amid weak global cues.
In keeping with its commitment to promote women empowerment in the country, the company has presented 100 scooters -- Destini 125 and Maestro Edge 125 - to the women officers of Gorakhpur Police, Hero MotoCorp said in a regulatory filing.
Hero MotoCorp is commencing operations in a graded manner at three of its manufacturing plants – Gurugram, Dharuhera (both in Haryana) and Haridwar (Uttarakhand), Hero the company said in a statement.
Amid COVID-19 lockdown in the country that has affected businesses, Hero Moto Corp, India's largest two-wheeler manufacturer said since sales are down due to the coronavirus shut down, the company will suspend full payments to its vendors adding that it has no other option amid the current crisis situation.
Coronavirus impact on businesses has started to begun as country's largest two-wheeler maker Hero MotoCorp on Sunday said it has suspended production at all its sites across the globe until March 31, 2020 in order to safeguard its employees against COVID-19.
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