Godrej Properties to develop Hero Cycles’ 4-acre plot in Gurgaon

Godrej Fund Management and Godrej Properties said they have entered into a joint venture agreement with Hero Cycles, which belongs to the same group as Hero MotoCorp, to develop an office complex at the cycle manufacturer’s four-acre property in Gurgaon. The ‘prime office property’ will have around 1 million square feet of prime office and […]

Hero unveils first touring motorcycle XPulse 200T

Hero MotoCorp Ltd., the world’s largest manufacturer of two-wheelers, said it will launch its XPulse series of 200cc premium motorcycles early next year. The company announced the second in the XPulse series, the XPulse 200T. While the original XPulse is an off-roader, the ‘T’ variant is built for longer rides and, according to the company, offers […]

Hero MotoCorp to raise prices of bikes and scooters from next month

Hero MotoCorp, the world’s largest two-wheeler manufacturer, said it will increase the price of its two-wheelers from October 3. The prices of its motorcycles and scooters could go up by up to Rs 900 per unit. “The revision has been necessitated by the increasing commodity costs and currency depreciation. “The price hike will translate to […]

Munjals and Burmans sweeten their offer for Fortis Healthcare, drop conditions

Embattled hospital chain Fortis Healthcare said it received an improved combined offer from the Munjals of Hero MotoCorp and the Burmans of Dabur Ltd. Under the revised terms, the investors are willing to invest Rs 1,500 cr, against the Rs 1,250 cr promised earlier. The upfront investment has been increased to Rs 750 crores, while […]

Hero MotoCorp launches e-commerce portal for selling genuine parts

Hero MotoCorp has launched online shop for consumers to buy genuine parts and accessories for their Hero scooters and motorbikes. The portal, www.hgpmart.com, will be run by the company directly. However, it will tap close to 100 distributors in a ‘hub and spoke’ model for fulfillment. Consumers can buy any part by following a step-by-step […]

Hero MotoCorp unveils off-roader XPulse, 125cc Maestro scooters at Auto Expo

Hero MotoCorp, India’s largest two-wheeler maker unveiled what it called India’s first adventure bike in the 200cc class, the XPulse, as well as 125cc variants of its Maestro scooters. The XPulse is Hero’s second offering in the premium motorcycle segment after the Xtreme 200R that was unveiled just a week ago. The new scooter range […]

Hero MotorCorp cuts prices over GST, reports 14% sales growth in June

Hero MotoCorp, the world’s largest two-wheeler manufacturer, reported strong June auto sales and said it cut prices for its scooters and motorcycles in most states of India. “The quantum of reduction ranges from Rs 400 to Rs 1800 on mass-selling models.” it said. The actual benefit varies from state to state, depending on the pre […]

Despite discounts, Rs 5,000 cr worth of BS-III vehicles unsold

Vehicle worth Rs 5,000 cr with BS-III certification could not be sold by the deadline of March 31, the Society of Indian Automobile Manufacturers said today. In addition, it said, the industry sustained a loss of about Rs 1,000-1,500 cr due to the deadline, it said, adding that the total loss was about 6,000-6,500 cr. […]

Hero MotoCorp sets record in monthly two-wheeler sales in September

Hero MotoCorp Limited, the world’s largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year. With this, Hero MotoCorp has sold 35.6 lakh units of two-wheelers between April to September this year, its highest […]

Hero MotoCorp sales grows 28%, to introduce 15 new models this year

Hero MotoCorp (HMCL), one of the largest two wheeler manufacturer, reported two-wheeler sales growth of 28% for the month of August as compared to the same period previous year. The sales in month of August wasto 6,16,424 units compared with  4,80,537 units, said the company. This is the third time that the company has crossed […]