Hero MotoCorp

Upon launch, Hero’s new motorcycle could take on rivals such as TVS Apache RTR 200 4V and Bajaj Pulsar NS200New Hero Motorcycle Design Patent Leaks – Is it Hunk 200cc?India’s largest two-wheeler manufacturer, Hero MotoCorp has started looking beyond the commuter segment. The company has plans to launch multiple new products in 200cc to 500cc segment. This space is expected to register strong growth in coming years and Hero wants to make the most of it.Last month in March, it was revealed that Hero will be bringing back Karizma in its new-gen avatar. Now, patent documents reveal another new bike, which is expected to be Hunk 200. While Hunk is no longer available in India, it is sold in several international markets. New Hunk planned for India will have a unique profile and equipment list.New Hero Motorcycle Design Patent Leaks – Is it Hunk 200cc?Hero Hunk 200 stylingJust like other bikes in this segment, Hero Hunk 200 has a sleek profile. It is expected to have all-LED lighting. Some of the key highlights include compact headlamp cowl, wide handlebar, sculpted fuel tank design, sporty shoulder fairing, rugged engine protector, cone-shaped exhaust canister, single-piece saddle and boomerang-styled grab rails.Hero Hunk 200 could get a full-digital instrument console. It is expected to be a compact unit, all while displaying a wide range of information. It remains to be seen if Bluetooth-based connectivity features will be available with the bike. Among rivals, TVS Apache RTR 200 4V has a dedicated connectivity suite. In comparison, Bajaj Pulsar NS200 does not have connectivity options.Riding stance seems a bit committed with the slightly low-set handlebar. However, foot pegs appear to be centrally mounted. Rider seat section has a scooped profile, which should ensure adequate comfort even during longer journeys. It also lowers the seat height, improving overall balance and handling. The bike appears to be agile and highly manoeuvrable, making it suitable for city streets. Pillion seat section seems a bit narrow, but the panels on the side are quite wide. These should ensure adequate thigh support.Hero Hunk 200 engine, specsPowering Hero Hunk 200 could be a new engine. Lack of a radiator indicates that the bike will have an air-cooled engine. Power and torque output could be comparable to other street bikes in this segment. For reference, TVS Apache RTR 200 4V has a 197.75cc engine. In Sport mode, it churns out 20.82 PS of max power and 17.25 Nm of peak torque. Pulsar NS200 is equipped with a 199.5 cc motor that makes 24.5 PS and 18.74 Nm.Hero Hunk 200 is expected to get 17-inch alloy wheels, shod with standard tubeless tyres. It will have disc brakes at both ends, with at least single-channel ABS. Suspension system comprises telescopic forks at front and a monoshock unit at rear. There is unlikely to be any premium equipment such as ride-by-wire tech and slipper clutch. Hero is likely to focus on sporty styling, peppy performance and affordable pricing to make it work. More

Hero MotoCorp has reported positive YoY sales in domestic markets but de-growth in terms of exports in February 2023New Hero XOOM – Enters top 10 scooter salesHero MotoCorp, India’s largest two wheeler maker, has revealed sales for the month of Feb 2023. It continued to lead the two wheeler segment in India with total sales (domestic + exports) of 3,94,444 units in Feb 2023, up from 3,58,313 units sold in Feb 2022. MoM total sales also increased as against 3,56,679 units sold in Jan 2023. It was the Hero Splendor that commanded the list both in domestic and export markets scaling over other models in the company lineup by a significant margin.Hero Domestic Sales Feb 2023 – Splendor accounts for 76% of total salesHero MotoCorp domestic sales stood at 3,82,301 units in Feb 2023. This was a 15.32 percent YoY growth from 3,31,521 units sold in Feb 2022, relating to a 50,780 unit volume growth. Hero Splendor was the best-selling model in the company lineup with 2,88,605 units sold last month. This was a 48.97 percent YoY growth as against 1,93,731 units sold in Feb 2022. The Splendor commands a 75.49 percent share on this list. Hero Splendor is set to see some rivalry in its segment with the new Honda Shine 100cc launched in India as it comes in with a more affordable pricing and higher level of fuel efficiency.Hero MotoCorp Domestic Sales Feb 2023Hero HF Deluxe sales dipped 25.86 percent YoY to 56,290 units in Feb 2023, down from 75,927 units sold in Feb 2022. This was a volume de-growth of 19,637 units with a share percentage of 14.72.It was followed by the Hero Glamour also with YoY degrowth in sales. Sales which had stood at 27,406 units in Feb 2022 dipped 68.94 percent to 8,512 units in the past month.  However, Hero MotoCorp noted an outstanding increase in demand for the Destini 125, sales of which surged 1121.36 percent YoY to 8,232 units in Feb 2023 from 674 units sold in Feb 2022.Hero MotoCorp Domestic Sales Share % Feb 2023The new Xoom 110 commenced deliveries in India and recorded sales of 7,214 units in the past month. Hero Xoom is priced at Rs 68,599 for the LX variant while the ZX is priced at Rs 76,699 (ex-showroom). Hero Vida is the company’s electric offering, sales of which stood at 80 units in the past month. Hero Vida V1 electric scooter, launched in India at the end of last year, is available in two variants Vida V1 Plus and Vida V1 Pro, priced at Rs 1.45 lakh and Rs 1.59 lakh respectively.Hero MotoCorp Sales vs Exports – Feb 2023Thereafter, all models posted a YoY de-growth in sales. Hero Pleasure sales dipped 62.86 percent to 5,313 units in Feb 2023 from 14,307 units sold in Feb 2022 while Passion sales fell by 35.52 percent to 4,640 units in the past month from 7,196 units sold in the same month last year. Hero Xpulse 200 also saw sales fall by 61.59 percent to 1,640 units while Hero Maestro suffered a YoY de-growth of 70.27 percent to 1,313 units in Feb 2023 from 4,417 units sold in Feb 2022. Hero Xtreme 160/200 suffered the highest YoY de-growth as compared to all models in the company lineup. Sales dipped 87.14 percent to 462 units in Feb 2023 from 3,593 units sold in Feb 2022.Hero Exports Feb 2023Hero MotoCorp suffered de-growth in terms of exports in Feb 2023. Shipments dipped 54.68 percent to 12,143 units in Feb 2023 from 26,792 units exported in Feb 2022. Every model in the company lineup suffered de-growth on a YoY basis except for the Xpulse 200 and Pleasure. In global markets too, it was Hero Splendor that commanded the most attention. Sales stood at 4,664 units in Feb 2023, down 39.30 percent as against 7,684 units sold in Feb 2022. This was a 3,020 unit volume de-growth with a share percentage of 38.41.Hero MotoCorp Exports Feb 2023Hero Hunk was at No. 2 on the export list with a YoY de-growth of 69.85 percent to 2,852 units. There had been 9,458 units shipped in Feb 2022. HF Deluxe followed closely after with 2,555 units exported in Feb 2023, down 53.15 percent when compared to 5,454 units sold in Feb 2022. There was also the Glamour (1,104 units), Hero Passion (270 units) and Maestro (258 units) exported last month, each of which posted a YoY de-growth.It was the Hero Xpulse 200 that commanded some attention globally. Sales increased by 510 percent to 244 units in Feb 2023 from just 40 units shipped in Feb 2022.  Pleasure sales also went up by 140 percent globally to 192 units in Feb 2023 from 80 units sold in Feb 2022. There were also 4 units of Hero Destini 125 exported last month, a 95 percent drop when compared to 80 units exported in Feb 2022. Xtreme 160/200 exports were down to 0 units from 40 units shipped in Feb 2022. More

Hero MotoCorp announces price revision for motorcycles and scooters with OBD2, wef April 1, 2023Image – Jilani HeroLeading two-wheeler manufacturer, Hero MotoCorp announced a price revision of some of its motorcycles and scooters from April 1, 2023. This revision is due to the cost increase associated with the mandatory transition to On-board diagnostics (OBD) 2, a more advanced diagnostic system for vehicles.OBD 2 is a more advanced diagnostic system for vehicles, which is mandatory for all new vehicles sold in India from April 1, 2023. Implementation of this system requires the use of additional inputs. This has increased the cost of production for the company.Hero MotoCorp commits to providing financing solutions for customersHero MotoCorp has committed to providing financing solutions to help ease the impact of the price hike on its customers. This commitment is expected to maintain customer loyalty and prevent the price hike from negatively impacting sales figures. While the price revision may be a short-term setback for consumers, implementation of OBD 2 is expected to have long-term benefits for vehicle health.But naturally, cost of production has increased due to the use of advanced technology and additional components required for OBD 2. Hero MotoCorp’s price revision is pegged at about 2 percent, and will vary by specific models and markets. Exact models affected and to what extent are not currently specified.Cost increase due to mandatory transition to On-board diagnostics 2 (OBD 2)Despite the price revision, Hero MotoCorp is optimistic about the growth prospects of the two-wheeler industry in rural markets. Rural markets in India have been witnessing robust demand, which is a strong indicator of healthy crops. This growth momentum is expected to continue into the upcoming festive season towards the latter half of the fiscal year.It is worth noting that the cost increase due to the OBD 2 transition is not unique to Hero MotoCorp. Other automobile manufacturers in India are also expected to revise their prices upwards due to the same reason. Rising commodity prices and increasing input costs continually impact vehicle price hikes.Price revision not expected to negatively impact sales figuresThis price revision is a necessary step to maintain profitability and sustain the growth of the two-wheeler industry. While the impact on customers may be modest, Hero MotoCorp’s focus on financing solutions and growth momentum in rural markets are positive markers. And are expected to mitigate any potential negative impact and sustain the growth of the two-wheeler industry. More

Hero MotoCorp and Zero Motorcycles Collaboration for Premium Electric Motorcycles – Accelerating Transition to Electric MobilityHero and Zero join handsHero MotoCorp, the world’s largest motorcycle manufacturer, and California-based premium electric motorcycle and powertrain manufacturer, Zero Motorcycles announced their collaborative business intent a few months earlier. With focus on new premium electric motorcycles, necessary agreements have been signed. No doubt, this collaboration is essential for the future of Hero MotoCorp’s electric mobility outreach. Both companies aim to transform the EV riding experience and accelerate electric mobility transition in India and other global markets.Brand growth for Hero MotoCorp is increasingly pointing to new segments for the brand. This is a stark departure from its reputation as a trusted mass market motorcycle manufacturer. Development progress can be seen in the 421cc engine being evaluated for its Xpulse 420cc product lineup.Hero MotoCorp – Advancing Electric Mobility in India and BeyondHero MotoCorp is a giant in manufacturing, sourcing, and marketing. Zero Motorcycles is known for its expertise in developing powertrains and electric motorcycles. Their collaboration will benefit both companies by combining their respective strengths. Tapping into these strengths streamlines processes from the word go. Most essentially it saves essential time to help get into a segment/space as an early mover. For Hero, this is the premium electric motorcycle segment.Currently Hero Motocorp’s EV market strengths are focused on the VIDA brand. Having launched its first EV, VIDA V1 scooter, and public charging infrastructure in Bengaluru, Delhi, and Jaipur. About 300 charging points are set up for public use.Equity Investment in Zero Motorcycles: A Strategic Move by Hero MotoCorpIn September 2022, Hero MotoCorp’s board approved an equity investment of up to US$60 million in Zero Motorcycles. This investment is significant and highlights the importance of this collaboration. Projections today emphasise that the future of mobility lies in electric vehicles. And Hero MotoCorp and Zero Motorcycles could lead the way considering the magnitude of monthly sales Hero is responsible for. They have a range of initiatives in place to advance electric mobility and transform the riding experience.Zero Motorcycles’ technology, combined with traditional motorcycle design keeps riding experience at the forefront of design synergies. Hero MotoCorp is committed to introducing remarkable, innovative products that offer exceptional value and performance-based fun in riding. Royal Enfield has made a strategic investment in Stark Future SL, a Spanish electric motorcycle manufacturer. Business fortitude is key in tapping into what the future of mobility will shape into in a few short years.Milestones in Sustainable Clean Technology: Hero MotoCorp and Zero Motorcycles’ CollaborationZero Motorcycles’ partnership with Hero MotoCorp is a significant milestone for sustainable clean technology in the mobility space. Zero Motorcycles will accelerate the transition to electric mobility in India and other global markets where Hero does business. The scope of this collaboration aligns with Hero’s goals of improved exports in existing and new markets.Pawan Munjal, Chairman & CEO, Hero MotoCorp, said “Our partnership with Zero Motorcycles is a significant milestone in our journey towards ushering in an era of sustainable clean technology in the mobility space. With Zero as our partner, we look forward to accelerate the transition of electric mobility in India and across our global markets.” More

Hero MotoCorp sales increased both in terms of YoY and MoM and across domestic sales and exports in February 2023New Hero SplendorHero MotoCorp has reported a YoY growth of 10.11 percent in February 2023. Sales (domestic + exports) stood at 3,94,460 units in the past month, up from 3,58,254 units sold in Feb 2022. Even as the company reported a 15.34 percent growth in domestic sales to 3,82,317 units in Feb 2023 from 3,31,462 units sold in Feb 2022, exports dipped significantly. The company’s exports which had stood at 26,792 units in Feb 2022 fell 54.68 percent to 12,143 units in the past month.Hero Motorcycle sales increased 9.87 percent in Feb 2023 to 3,71,854 units from 3,38,454 units sold in Feb 2022 while Scooter sales which had stood at 19,800 units in Feb 2022 improved by 14.17 percent to 22,606 units in the past month. Top selling motorcycles from Hero MotoCorp include Splendor, HF Deluxe, Passion, Xpulse, Xtreme, etc. In the scooter department, Hero has Maestro, Destini as well as the new Xoom and Vida electric scooter.Hero MotoCorp Sales Feb 2023On a MoM basis, Hero MotoCorp sales improved by 10.59 percent from 3,56,690 units sold in Jan 2023. Domestic sales were higher by 9.41 percent from 3,49,437 units, while exports surged 67.42 percent from 7,252 units shipped in Feb 2023. MoM sales improved in the case of motorcycles by 11.54 percent but dipped 1.93 percent for scooters.Motorcycle sales in Jan 2023 had stood at 3,33,638 units relating to a 38,216 unit volume growth and 93.54 percent share. Scooter sales on the other hand had been at 23,052 units in Jan 2023 relating to a 446 unit MoM volume de-growth.Hero MotoCorp Sales Feb 2023Hero MotoCorp YTD SalesOn a year to date basis, Hero MotoCorp sales improved by 7.01 percent. Total sales (domestic + exports) which had stood at 44,93,996 units in FY 2022 improved to 48,09,204 units in FY 2023 period. There was growth seen in the case of domestic sales by 10.06 percent to 46,53,063 units in FY 2023 from 42,27,762 units sold in FY 2022.Exports on the other hand dipped 41.35 percent to 1,56,141 units in FY 2023 from 2,66,234 units shipped in FY 2022. This was a 1,10,093 unit volume de-growth with exports commanding a 3.25 percent share as against domestic share of 96.75 percent.YTD growth was seen both in the case of motorcycles and scooters by 6.45 percent and 15.07 percent to 44,73,260 units and 3,35,944 units respectively. There had been 42,02,044 units sold in domestic markets in FY 2022 relating to a volume growth of 2,71,216 units and 93.01 percent share. Exports stood at 2,91,925 units in FY 2022 with a 43,992 unit volume growth and share percentage of 6.99.New Hero Scooters Increase SalesThe new Xoom 110cc scooter has played a major part in sales in the past month. The Xoom that rivals the Honda Dio in its segment is presented in three variants and is available from Rs 68,599 onwards.Hero MotoCorp has commenced sales of its electric scooter under Vida brand in cities of Delhi, Bengaluru and Jaipur. Plans are afoot to introduce the e-scooter in other cities as well in the next fiscal. Hero MotoCorp VIDA V1 electric scooter is offered in two variants Pro and Plus. More