Edition:
India

Hero MotoCorp Ltd (HROM.BO)

HROM.BO on Bombay Stock Exchange

2,570.05INR
17 Sep 2019
Change (% chg)

Rs-169.50 (-6.19%)
Prev Close
Rs2,739.55
Open
Rs2,739.05
Day's High
Rs2,758.25
Day's Low
Rs2,556.00
Volume
45,318
Avg. Vol
33,323
52-wk High
Rs3,382.70
52-wk Low
Rs2,228.25

Latest Key Developments (Source: Significant Developments)

India Auto Industry Body Exec Says July Passenger Vehicles Sales Decline Is Worst Drop Since Dec 2000
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - India Auto Industry Body Exec::INDIA AUTO INDUSTRY BODY EXEC SAYS SALES DATA SHOWS URGENT NEED FOR A REVIVAL PACKAGE FROM THE GOVERNMENT.INDIA AUTO INDUSTRY BODY EXEC SAYS 15,000 JOBS HAVE BEEN LOST AT CAR MAKERS ALONE.INDIA AUTO INDUSTRY BODY EXEC SAYS SALES ARE NOT PICKING UP DESPITE COMPANIES OFFERING DISCOUNTS, INCENTIVES.INDIA AUTO INDUSTRY BODY EXEC SAYS PRODUCTION CUTS, BLOCK CLOSURES AT CAR MANUFACTURING PLANTS ARE HAPPENING.INDIA AUTO INDUSTRY BODY EXEC SAYS JULY PASSENGER VEHICLES SALES DECLINE IS WORST MONTHLY DROP SINCE DEC 2000.INDIA AUTO INDUSTRY BODY EXEC SAYS DECLINE IN PASSENGER VEHICLES SALES IN DEC 2000 WAS 35.22%.INDIA AUTO INDUSTRY BODY EXEC SAYS LONGER IT TAKES FOR A REVIVAL PACKAGE TO COME, LONGER IT WILL TAKE FOR CONSISTENT SALES GROWTH TO COME BACK.INDIA AUTO INDUSTRY BODY EXEC SAYS WE ARE HOPEFUL OF A REVIVAL PACKAGE SOON.INDIA AUTO INDUSTRY BODY EXEC SAYS IF THIS INDUSTRY GOES DOWN, EVERYTHING GETS HURT. MANUFACTURING, JOBS AND REVENUE TO GOVERNMENT.  Full Article

India's Hero MotoCorp June-Qtr PAT Rises
Tuesday, 30 Jul 2019 

July 30 (Reuters) - Hero MotoCorp Ltd ::JUNE QUARTER PROFIT AFTER TAX 12.57 BILLION RUPEES VERSUS PROFIT OF 9.09 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER PROFIT WAS 7.78 BILLION RUPEES.JUNE QUARTER EXCEPTIONAL ITEM 7.37 BILLION RUPEES DUE TO REVERSAL OF PROVISION FOR NATIONAL CALAMITY CONTINGENT DUTY IN HARIDWAR PLANT.JUNE QUARTER REVENUE FROM OPERATIONS 80.30 BILLION RUPEES VERSUS 88.10 BILLION RUPEES LAST YEAR.OVERALL ECONOMIC, CUSTOMER SENTIMENTS CONTINUED TO BE SOFT DURING Q1, IMPACT CLEARLY VISIBLE IN PERFORMANCE OF AUTO SECTOR.OUTLOOK FOR REST OF YEAR DEPENDENT ON PROGRESS OF MONSOON, FESTIVE SEASON OFFTAKE, AND IMPROVEMENT IN LIQUIDITY."IMPERATIVE FOR THE GOVERNMENT TO TAKE URGENT STEPS TO BOOST CONSUMPTION".REITERATE APPEAL TO GOVERNMENT TO BRING DOWN GST ON TWO-WHEELERS TO 18% FROM 28%, IN ORDER TO PROVIDE MUCH-NEEDED RELIEF.VOLUMES OF 1.8 MILLION UNITS IN Q1 FY'20.  Full Article

India's Hero Motocorp Names Vikram Kasbekar As Chief Technology Officer
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Hero MotoCorp Ltd ::VIKRAM KASBEKAR TO BE THE NEW CHIEF TECHNOLOGY OFFICER.SAYS RAJAT BHARGAVA TO HEAD THE NEWLY CREATED ‘EMERGING MOBILITY’ BUSINESS UNIT.CREATED EMERGING MOBILITY BUSINESS UNIT TO GIVE AN IMPETUS TO NEW MOBILITY TRENDS SUCH AS ELECTRIC VEHICLES.  Full Article

India's May Passenger Vehicle Sales 239,347 - Industry Body
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Industry Body::INDIA'S MAY TOTAL DOMESTIC PASSENGER VEHICLE SALES DOWN 20.55 PERCENT AT 239,347 - INDUSTRY BODY.INDIA'S MAY DOMESTIC PASSENGER CAR SALES DOWN 26.03% AT 147546 - INDUSTRY BODY.INDIA'S MAY COMMERCIAL VEHICLE SALES DOWN 10.02% AT 68847 -INDUSTRY BODY.INDIA'S MAY TWO-WHEELER SALES DOWN 6.73% AT 1726206 -INDUSTRY BODY.INDIA'S MAY PASSENGER VEHICLE PRODUCTION DOWN 12.23% AT 315168 - INDUSTRY BODY.INDIA'S MAY COMMERCIAL VEHICLE PRODUCTION DOWN 10.49% AT 80934 - INDUSTRY BODY.INDIA'S MAY TWO WHEELER PRODUCTION DOWN 7.11% AT 2028490 - INDUSTRY BODY.  Full Article

India's April Passenger Vehicle Sales At 247,541 Vehicles - Industry Body
Monday, 13 May 2019 

May 13 (Reuters) - INDUSTRY BODY::INDIA'S APRIL TOTAL PASSENGER VEHICLE SALES AT 247,541 VEHICLES - INDUSTRY BODY.INDIA'S APRIL TOTAL PASSENGER VEHICLE SALES DOWN 17.07 PERCENT VERSUS YEAR AGO - INDUSTRY BODY.INDIA'S APRIL PASSENGER CAR SALES 160,279 VEHICLES, DOWN 19.93 PERCENT VERSUS YEAR AGO - INDUSTRY BODY.INDIA'S APRIL COMMERCIAL VEHICLE SALES 68680 VEHICLES, DOWN 5.98 PERCENT VERSUS YEAR AGO -INDUSTRY BODY.INDIA'S APRIL TWO-WHEELER SALES 1,638,388 VEHICLES, DOWN 16.36 PERCENT VERSUS YEAR AGO -INDUSTRY BODY.  Full Article

India's Hero Motocorp March Qtr Profit Slightly Lower
Friday, 26 Apr 2019 

April 26 (Reuters) - Hero MotoCorp Ltd ::MARCH QUARTER PROFIT 7.30 BILLION RUPEES VERSUS PROFIT OF 9.67 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER PROFIT WAS 7.59 BILLION RUPEES.RECOMMENDATION OF FINAL DIVIDEND OF 32 RUPEES PER EQUITY SHARE.MARCH QUARTER REVENUE FROM OPERATIONS 78.85 BILLION RUPEES VERSUS 85.64 BILLION RUPEES LAST YEAR.  Full Article

Passenger Vehicles Expected To Grow 3-5 Pct In FY20 - India Trade Body Presentation
Monday, 8 Apr 2019 

April 8 (Reuters) - India Trade Body Presentation::PASSENGER VEHICLES EXPECTED TO GROW 3-5 PERCENT IN FY20 - INDIA TRADE BODY PRESENTATION.COMMERCIAL VEHICLES EXPECTED TO GROW 10-12 PERCENT IN FY20, TWO-WHEELERS 5-7 PERCENT - INDIA TRADE BODY PRESENTATION.POOR FESTIVE SEASON, AVAILABILITY OF FUNDS AND PRE-ELECTION PERIOD AFFECTED GROWTH LAST FISCAL YEAR - INDIA TRADE BODY PRESENTATION.INDIA AUTO TRADE BODY EXEC SAYS SEEKS LOWERING OF GOOD AND SERVICES TAX ON TWO WHEELERS TO 18 PERCENT FROM 28 PERCENT.INDIA AUTO INDUSTRY BODY EXEC SAYS SLOWDOWN IN PASSENGER VEHICLE SALES IN SECOND HALF OF LAST FISCAL YEAR IS DUE TO SHARED MOBILITY.  Full Article

India's Hero Motocorp Says March Total Sales Of 581,279 Units
Monday, 1 Apr 2019 

April 1 (Reuters) - Hero MotoCorp Ltd ::SAYS MARCH TOTAL SALES OF 581,279 UNITS.  Full Article

India's Feb Total Domestic Passenger Vehicle Sales Down 1.11 Pct - Industry Body
Friday, 8 Mar 2019 

March 8 (Reuters) - Society of Indian Automobile Manufacturers ::INDIA'S FEB TOTAL DOMESTIC PASSENGER VEHICLE SALES AT 272284 VEHICLES - INDUSTRY BODY.INDIA'S FEB TOTAL DOMESTIC PASSENGER VEHICLE SALES DOWN 1.11 PERCENT VERSUS YEAR AGO - INDUSTRY BODY.INDIA'S FEB DOMESTIC PASSENGER CAR SALES 171372 VEHICLES, DOWN 4.33 PERCENT VERSUS YEAR AGO - INDUSTRY BODY.INDIA'S FEB COMMERCIAL VEHICLE SALES 87436 VEHICLES, DOWN 0.43 PERCENT VERSUS YEAR AGO -INDUSTRY BODY.INDIA'S FEB TWO-WHEELER SALES 1615071 VEHICLES, DOWN 4.22 PERCENT VERSUS YEAR AGO -INDUSTRY BODY.  Full Article

India's Hero Motocorp December Total Sales Down About 4 Pct
Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - Hero MotoCorp Ltd ::SAYS DECEMBER TOTAL SALES OF 453985 UNITS VERSUS 472,731 UNITS LAST YEAR.HERO MOTOCORP CHAIRMAN SAYS COST OF 2-WHEELERS TO GO UP ONCE NEW SET OF SAFETY REGULATIONS COMES INTO FORCE, FOLLOWED BY TRANSITION TO BS-VI EMISSION NORMS.HERO MOTOCORP CHAIRMAN SAYS THERE IS AN URGENT NEED TO REDUCE THE GST RATE ON 2-WHEELERS FROM 28% BRACKET TO THAT OF 18% FOR MASS USAGE ITEMS.HERO MOTOCORP CHAIRMAN SAYS WITH IMPROVED LIQUIDITY IN MARKET, UPCOMING FESTIVE SEASON, INDUSTRY IS EXPECTING A POSITIVE TURNAROUND IN THE FOURTH QUARTER.HERO MOTOCORP CHAIRMAN SAYS "IT IS ABSOLUTELY IMPERATIVE TO ENSURE GROWTH IN THE AUTO SECTOR TO CREATE AND SUSTAIN INCLUSIVE ECONOMIC GROWTH".  Full Article

RPT-ICRA ratings for Indian debt instruments-Aug 20

(Repeating to add additional ratings) Aug 20 Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of August 19, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ----------