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Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI
Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered innovations, and BPCL is acquiring a stake in a Brazilian oil venture.
Hero MotoCorp sees commuter bike demand rebound, plans Rs 3,200 crore expansion
Hero MotoCorp sees a strong revival in commuter motorcycle demand, signaling improved consumption among entry-level buyers. The company is significantly boosting production capacity, investing Rs 3,200 crore in Andhra Pradesh to double output and establish a global parts center. Chairman Pawan Munjal expressed optimism about continued healthy growth in the two-wheeler market, despite global uncertainties, and highlighted progress in premium segment collaborations and electric vehicle development.
Hero MotoCorp to invest Rs 3,200 cr in 3-5 years in Andhra Pradesh on capacity expansion, new global parts centre
Hero MotoCorp is set to invest Rs 3,200 crore in Andhra Pradesh over the next three to five years, significantly expanding its operations. This includes a new global parts centre at Tirupati, costing Rs 750 crore, and a substantial increase in production capacity at its existing facility. The move aims to bolster the company's global supply chain and enhance its accessories business, transforming Tirupati into a key manufacturing hub.
Hero MotoCorp June dispatches dip 2.3% as domestic sales soften, exports grow
Hero MotoCorp saw a slight dip in June wholesale dispatches, primarily due to weaker domestic sales, though exports surged significantly. While motorcycle sales declined, scooters experienced robust growth. The company's electric mobility arm, VIDA, also showed impressive gains. Despite the monthly slowdown, Hero MotoCorp kicked off the financial year strongly with a substantial 23% rise in first-quarter dispatches, driven by demand across its diverse product range.
Hero MotoCorp Ltd slips for fifth straight session
Hero MotoCorp Ltd is quoting at Rs 4791.7, down 0.45% on the day as on 13:19 IST on the NSE. The stock jumped 13.39% in last one year as compared to a 6.32% slide in NIFTY and a 11.48% spurt in the Nifty Auto index.
Delhi EV Policy impact: Auto stocks skid; Eicher dips 7%, Ather at new high
Delhi EV Policy Impact: Bharat Forge, Hero MotoCorp, Bajaj Auto, Uno Minda, Sona BLW Precision Forgings and Samvardhana Motherson International were down in the range of 1 per cent to 5 per cent.
Hero MotoCorp Share Price Live Updates: Hero MotoCorp Reports Negative Weekly Returns
Hero MotoCorp Share Price Live Updates: Hero MotoCorp's Price Movement Indicates Positive Trend
El Niño concerns for Hero MotoCorp are overstated, says CLSA. Here's why
CLSA said concerns surrounding the impact of El Niño on the company's performance appear overstated. Its analysis found no meaningful historical correlation between rainfall patterns and Hero MotoCorp's domestic two-wheeler volume growth over the last two decades.
Hero MotoCorp Share Price Live Updates: Trading volume for Hero MotoCorp
Hero MotoCorp Share Price Live Updates: Hero MotoCorp's Current Price Update
Hero MotoCorp plans to expand flex-fuel capability up to E100, bets on multi-fuel future
Hero MotoCorp is embracing a multi-fuel future, planning to extend its flex-fuel vehicle capabilities to E100. The company is also investing heavily in electrification across various two-wheeler segments, aiming to cater to both urban demand for EVs and the strong rural market for internal combustion engines.