Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Hero MotoCorp registers 12.6% growth in sales to 612,204 units

Posted On: 2019-10-02 11:38:34

Hero MotoCorp, the world's largest two-wheeler manufacturer, sold 612,204 units of motorcycles and scooters in the month of September 2019.

With this, the Company registered a growth of 12.6% over the previous month (August 2019) when it had sold 543,406 units of two-wheelers.

To add cheer to the festive season, Hero MotoCorp has introduced a holistic range of benefits and schemes, covering sales and after-sales for customers around the country.

Sanjay Bhan, Head of Sales, After-Sales & Parts, Hero MotoCorp, said "Growth in the market is driven by first-time buyers, and to attract this segment of customers we have introduced a host of special schemes including low down-payment, aggressive interest rates and easy EMIs. There is also a big segment of customers who are looking to replace their existing two wheelers, so we have introduced a festive exchange bonus of Rs. 3000/- on our Scooter range. Customers across the country looking to upgrade to the Xtreme range in the premium motorcycle category can avail of a special exchange bonus of Rs. 5000/-. Additionally, there are a range of goodies worth up to Rs. 2100/- for customers under Hero GoodLife and service package program. Customers can also get attractive financial benefits by making the purchase through specific apps.

"We have also introduced offers to support our dealers, like increasing their credit limits, providing support for festive schemes and incentivizing their sales teams. We expect a positive festive season and improving trends from here on." he added.

During the month, Hero MotoCorp continued its drive to promote skilling amongst Indian youth with the inauguration of two world-class Training Centres in Andhra Pradesh and Delhi. The Company is creating state-of-the-art skill development centers across the country and has so far imparted skills training to more than 20,000 candidates with an objective of Hunar Se Kamyabi Tak (From Skilling to Success).

Further expanding the reach of its unique XTracks Experience, the Company organised the event in Bengaluru, providing an exciting opportunity for riders to experience the country's most exciting adventure bike - the new XPulse 200 - in a specially-curated thrilling off-road zone. The event also provided product and safety briefings to participants to enable them inculcate safe riding habits.

Hero MotoSports Team Rally, the motorsport team of Hero MotoCorp, registered its maiden win of the season in September, with a victory at the Pan Africa Rally 2019 in Morocco. This is the second overall win for the Team in its young career. The Team's performances this season have seen a consistent improvement over the previous years, with three podium finishes - at the Merzouga Rally, Desert Storm, and the victory at Pan Africa Rally 2019.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2683 as compared to the previous close of Rs. 2700.85. The total number of shares traded during the day was 39683 in over 2320 trades.

The stock hit an intraday high of Rs. 2751.15 and intraday low of 2640. The net turnover during the day was Rs. 106738575.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Ambuja Cements Ltd Q4 CY2019 consolidated PAT lower at Rs. 591.54 crore

ICRA revises long term rating of Indiabulls Housing Finance Limited

GMR Infrastructure Limited announces Strategic Partnership with Groupe ADP for Airports Business

Muthoot Finance Ltd announces pricing of USD 550 million 4.40% notes

UFO Moviez India Ltd board to consider interim dividend on Feb 27, 2020

Dr. Reddy's Laboratories Ltd receives EIR for Duvvada Formulations Plant

Dhanlaxmi Bank Ltd receives RBI nod for appointment of MD & CEO

Sharda Cropchem Ltd Board to consider Second Interim Dividend for FY20

Ambuja Cements Ltd Board recommends Dividend of Rs. 1.50 for CY2019

Plastiblends India Ltd board to consider interim dividend on Feb 25, 2020

Cyient Organizes Blood Donation Drive at its Hyderabad Campus

TCS Named as One of the Fortune Best Big Companies to Work For™ in 2020

India Infoline Finance Ltd raises $400 million

Ambuja Cements Limited appoints Mr. Neeraj Akhoury as new MD and CEO

Garware Technical Fibres Ltd to dispose business undertaking in USA

AstraZeneca Pharma India Ltd launches FDC of Dapagliflozin 10mg + Saxagliptin 5mg film coated tablets (QTERN®)

DCW Limited is the biggest beneficiary of the recently announced anti-dumping duty on imported C-PVC

Jubilant FoodWorks Ltd Board to consider interim dividend on Feb 27, 2020

Jubilant Life Sciences Ltd board to consider interim dividend for FY2020

JK Paper Ltd board to consider interim dividend on Feb 27, 2020

Shri N Baijendra Kumar, CMD, NMDC wins Business Leadership Award

Cyril Amarchand Mangaldas Advises Avenue Supermarts Limited on its INR 4098 Cr. QIP

PVR Ltd board to declare interim dividend on Feb 28, 2020

ICRA assigns ratings to KPIT Technologies Ltd

A.M. Best Affirms A-(Excellent) Rating of The New India Assurance Company Limited

Cipla Ltd board to consider interim dividend for FY2020

SBI Cards IPO to open for subscription on March 2, 2020

Axis Bank to explore long-term strategic partnership with Max Life

Genus Power wins 'Innovative Initiative in the Power Sector', 2020 award for its Smart Metering Pilot project in UAE

JK Cement Ltd board to consider interim dividend on Feb 28, 2020

Shoppers Stop Ltd closes stores at Orion East Mall, Bengaluru and Grant Mall, Chennai

KRBL Ltd board to consider interim dividend for FY2020

Future Lifestyle Fashions Ltd board approves issue of securities to IFC

Trident Ltd board declares interim dividend of Rs. 0.18

Century Plyboards India Ltd forms new subsidiary company

Valiant Organics Ltd board to consider 2nd interim dividend on Feb 28, 2020

Sonata Software Ltd board to consider interim dividend on Feb 26, 2020

JB Chemicals & Pharmaceuticals Ltd board declares interim dividend of Rs. 10

Anuh Pharma Ltd receives CEP for Ambroxol Hydrochloride for EU market

TCS Positioned as a Leader in Application Transformation Services by Everest Group

CARE Ratings Limited updates on ratings of Pitti Engineering Ltd

HGS Recognized on IAOP's 'The 2020 Global Outsourcing 100®' List

Shreyas Shipping & Logistics Ltd announces sale of Vessel 'SSL Kutch'

Redington India Ltd board approves 2nd interim dividend of Rs. 2.80

Cholamandalam Investment and Finance Company Ltd board to consider interim dividend for FY20

Tarini International Ltd updates on SEBI AO Order

Sunteck Realty Ltd has sold 1800 apartments at Sunteck MaxXWorld

Thomas Cook India Ltd board to consider buy back on Feb 26, 2020

Delhi International Airport Ltd offers $150 mn senior secured notes

IndiGo to enable faster ground operations and reduce aircraft turn-around time with WheelTug Systems

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019