•The recent update on Hero MotoCorp Ltd.’s Q3 financial performance and share performance: Hero MotoCorp Ltd., India-based, is the world’s largest manufacturer of motorcycles and scooters. The company reported a 51% YoY surge in net profit, reaching Rs 1073.40 crore for the quarter ending December 2023. • The company declared an interim dividend of Rs 75 per share and an additional special dividend of Rs 25 per share, totaling Rs 100 per share. • The last traded price of Hero MotoCorp shares on the BSE was Rs 4908.50 per share, The share showed an intraday gain of 2.05% on the BSE. • The company’s share performance has seen a 19% rally in the last month and an impressive 92% rise in the past year. • The company’s board declared an interim dividend of 3750%, i.e., Rs. 75 per equity share, and a special dividend of 1250%, i.e., Rs. 25 per equity share, totaling an interim dividend of 5000%, amounting to Rs. 100 per equity share for the financial year 2023–24. • Hero MotoCorp’s strategic focus on the Parts Accessories & Merchandise (PAM) business has proven successful, with an outlay of Rs. 600 crore allocated for capacity expansion. • The company’s CEO, Mr. Niranjan Gupta, expressed optimism about the conducive business and economic environment facilitated by the government’s emphasis on infrastructure development and fiscal prudence.
Hero MotoCorp Ltd., formerly known as “Hero Honda,” is the largest motorcycle manufacturer in India. The company’s roots trace back to 1984, when it began a technological collaboration with Honda in Japan. • In 2011, Honda divested its 26% stake in Hero MotoCorp, marking a new era for the company. • Hero MotoCorp offers a diverse range of motorcycles, including premium models like the Karizma XMR, H-D X440, and MAVRICK 440. • The company commands a substantial market share, with 48% in the Indian motorcycle market and 34% in the overall two-wheeler segment. • Hero MotoCorp has expanded its retailer base by 10% to approximately 39,000 in FY22. • The company has launched around 300 stores in 9MFY24, with plans to add 100+ more in Q4FY24. • Hero MotoCorp has revitalized its operations in Nepal through a strategic partnership with CG Motors. • The company has positioned itself as a leader in the electric vehicle (EV) landscape, with a network in 100+ cities with 850+ stations and 2000+ charging points. • Hero Fincorp, the financing division, contributes to 41% of total financing. • Hero MotoCorp has expanded its manufacturing presence, with eight units in India, Colombia, and Bangladesh. • Hero MotoCorp has six subsidiaries and two associate companies, fostering growth through strategic partnerships.
Management of Hero MotoCorp Ltd
Name
Designation
Pawan Munjal
Exe. Chairman & W T D
Vasudha Dinodia
Non Executive Director
Pradeep Dinodia
Non Executive Director
Camille Tang
Ind. Non-Executive Director
Rajnish Kumar
Ind. Non-Executive Director
Vikram S Kasbekar
Whole Time Director
Suman Kant Munjal
Non Executive Director
Tina Trikha
Ind. Non-Executive Director
B S Dhanoa
Ind. Non-Executive Director
Jagmohan Singh Raju
Ind. Non-Executive Director
Registered Address of Hero MotoCorp Ltd
The Grand Plaza, Plot No. 2, Nelson Mandela Road, ,Vasant Kunj – Phase-II, New Delhi Delhi 110070
This is a comprehensive guide to Hero MotoCorp Ltd. The above-mentioned information and data are as of February 09, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments.
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