Shares of a leading motorcycle manufacturer are in focus as the stock trades 33 percent below its year-high. The company recently announced a collaboration with American brand Harley Davidson to develop a new motorcycle for both the Indian and global markets.
Share price movement
During Monday’s trading session, Hero MotoCorp Ltd’s shares reached an intraday high of Rs.4,274.00 per share, marking a 3.4 percent increase from the opening price of Rs.4,237.95 per share.
However, the shares later retreated and are currently trading at Rs.4,179.40. The stock has declined by nearly 33.2 percent from its all-time high of Rs.6,246.25 per share.
What happened
Hero MotoCorp is a global manufacturer of motorcycles and scooters, offering a wide range of products that includes popular models like the Splendor, Passion, Glamour, and XPulse series, as well as electric vehicles under the VIDA brand.
The company operates five manufacturing plants across India, with a production capacity exceeding 9 million units annually. In addition, Hero MotoCorp has built an extensive network of over 5,000 customer touchpoints, ensuring strong market presence and providing efficient customer service.
Recently, Hero MotoCorp has ventured into electric mobility, underscoring its intention to diversify and embrace sustainability. This shift aligns with the growing trend in the automotive industry, where many companies are focusing on eco-friendly transportation solutions. Hero MotoCorp’s expansion into electric vehicles through the VIDA brand indicates its commitment to staying competitive in an evolving market.
Also read….
Recent Developments
Hero MotoCorp has joined the list of companies expanding their collaboration, as it announced a partnership with the American motorcycle brand Harley-Davidson to develop a new motorcycle for both Indian and global markets. Additionally, the company revealed plans to expand the existing Harley-Davidson X440 platform into several new variants.
Hero MotoCorp has filed a design trademark for the Xpulse 421 in India, offering a glimpse into what could be the brand’s most powerful adventure bike. The filing suggests that the upcoming model will build on the Xpulse series, promising enhanced performance and features for adventure enthusiasts.
Financial Performance
In its latest financial update, Hero MotoCorp Ltd reported revenue of Rs.10,483 crore in Q2FY25, reflecting a 10 percent increase from Rs.9,533 crore in the same quarter of the previous year. Net Profit for the period increased 6 percent to Rs.1,066 crore, compared to Rs.1,007 crore in the same period.
Company Profile
Hero MotoCorp, based in New Delhi, India, is a prominent global manufacturer of motorcycles and scooters. Founded in 1984 as a joint venture between Hero Cycles of India and Honda of Japan, the company has established itself as the world’s largest two-wheeler manufacturer by unit volume since 2001.
Written by – Siddesh S Raskar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
