Hero MotoCorp

Hero MotoCorp has posted sales growth in domestic markets while exports dipped 13.82 percent YoYImage – Biker MjkHero MotoCorp ended the month of May 2022 with a sales growth of 192.37 percent to 4,66,438 units, up from 1,59,538 units sold in May 2021. This was a volume growth of 3,06,900 units but May 2021 should not really be taken as a benchmark considering the adverse situation in the country during that period. MoM sales increased 17.06 percent over 3,98,464 units sold in April 2022 leading to volume growth of 67,974 units. It was the Hero Splendor that was most in demand both in domestic and global markets.Hero MotoCorp Domestic Sales May 2022Hero Splendor was the highest selling model in the company lineup in May 2022. It saw sales to the extent of 2,62,249 units in the past month, up 171.88 percent over 1,00,435 units sold in May 2021. Volume growth was at 1,44,452 units with a 48.99 percent share. MoM sales improved 12.03 percent from 2,34,085 units sold in April 2022 when share percentage stood at 58.75. In May 2022, Hero MotoCorp also introduced the new Splendor+ XTEC commuter bike at Rs. 67,030 while the company has just launched the Passion XTEC at Rs 74,590 (ex-showroom).At No. 2 was HF Deluxe with sales of 1,27,330 units, up 202.32 percent over 42,118 units sold in May 2021. Currently commanding a 27.30 percent share in the company lineup, MoM sales improved 26.57 percent from 1,00,601 units sold in April 2022. These were the only two models to post sales above the 1 lakh unit mark. Lower down the order at No 3 was Hero Glamour with 28,363 units sold in May 2022, up 287.84 percent over 7,313 units sold in May 2021. MoM sales improved by 36.39 percent from 20,796 units sold in April 2022.Hero MotoCorp also had the Pleasure at No. 4 with 18,531 units sold, a YoY growth of 739.27 percent and MoM growth of 50.62 percent over 2,208 units and 12,303 units sold in May 2021 and April 2022 respectively. Hero Pleasure was the 6th best-selling scooter in India in May 2022.Hero MotoCorp Domestic Sales May 2022Hero Destini 125 noted outstanding increase in demand by 1917.04 percent to 10,892 units in May 2022, up from 540 units sold in May 2021. MoM sales increased 21.28 percent from 8,981 units sold in April 2022. There was also the Passion (6,847 units), Maestro (4,489 units), Xtreme (4,256 units) and Xpulse 200 (3,481 units) sold in May 2022, each posting increased YoY growth. MoM sales dipped for the Passion down 34.06 percent over 10,384 units sold in April 2022.Hero Splendor Tops Export ListHero MotoCorp exports dipped 13.82 percent YoY to 20,238 units from 23,483 units shipped in May 2021. MoM exports increased only marginally by 0.53 percent from 20,131 units sold in April 2022.Hero Splendor also found most buyers in global markets despite a YoY de-growth. Exports stood at 6,648 units, in the past month, down 2.95 percent over 6,850 units shipped in May 2021. This was a 202 unit volume de-growth with share at 32.85 percent. MoM exports grew by 57.01 percent over 4,234 units shipped in April 2022 when share percentage was at 21.03 percent. Exports increased YoY by 5.21 percent for the Hero HF Deluxe to 5,469 units but dipped 3.07 percent MoM over 5,642 units shipped in April 2022. Share percentage also dipped from 28.03 percent to 27.02 percent MoM.Hero MotoCorp Exports May 2022Hero Hunk experienced a YoY (-29.46 percent) and MoM (-38.80 percent) de-growth to 2,751 units in May 2022 from 3,900 units shipped in May 2021 and 4,495 units exported in April 2022. Exports of Hero Glamour were up 124.01 percent YoY but dipped 20.55 percent MoM to 2,258 units in May 2022 while Xpulse 200 exports grew 75.02 percent YoY and fell 10.38 percent MoM to 2,116 units in May 2022. There were also 544 units of Maestro, 450 units of Passion and 2 units of Hero Pleasure shipped to global markets in May 2022. Exports of Achiever, Xtreme 150,Destini 125 and Xtreme 160/200 were down to 0 units. More

Hero Passion XTec gets a 5-year warranty which is one of the best in segmentHero Splendor XTEC vs Passion XTECHero MotoCorp is the largest motorcycle manufacturer in India and has a strong global presence too. Even though the company has been developing and launching motorcycles with larger engine capacity and higher prices, it is utterly committed to the budget commuter segment too.Hero MotoCorp has undivided attention toward the commuter segment. It has products like HF 100 which is so good in terms of value, very few can actually compete with it. Recently, Hero MotoCorp has been on a product revitalisation strategy and is giving budget motorcycles features like XTec that is a segment first. After the launch of Splendor Plus XTec, it is the turn of Hero Passion to get the same treatment.Hero Splendor XTEC vs Passion XTECFor starters, Hero’s XTec system is already doing duties on Glamour 125 XTec, Pleasure+ 110 XTec, Destini 125 XTec and the recently launched Splendor+ XTec. The fifth vehicle in Hero’s portfolio to get an XTec system is Passion XTec. With this system, Hero aims to be the 110cc segment leader.The motorcycle has seen subtle design changes in the form of a new headlamp design making it look sporty. Headlamp gets a projector unit inside it which is powered by LEDs which is a segment-first feature. This new LED headlight promises 12% more light throw when compared to a conventional halogen bulb that is expected at this price segment. Other design features include a 3D chrome logo and taping for the wheels making it slightly more appealing. Below is a walkaround comparison between the new Splendor XTEC and Passion XTEC, credited to Yo Rider.[embedded content][embedded content]Coming to the heart of the update, Hero Passion gets the new XTec system. It replaces the old analog instrument cluster with a fully digital one with blue backlighting. It gets Bluetooth connectivity and unlocks new possibilities for Passion. Call alert, SMS alert, phone battery percentage, caller name display, USB charging port, RTMI (Real Time Mileage Indicator), low fuel indicator, service schedule reminder, side stand indicator and engine cut-off feature.Specs & PricingNew Hero Passion XTec comes with a 110cc single-cylinder engine making 9 bhp of power at 7500 RMP and 9.79 Nm of torque at 5000 RPM. Passion XTec also comes with Hero’s patented i3S technology which makes it deliver superior fuel efficiency figures.It retains the same chassis and suspension components in the form of conventional telescopic forks at front and twin shocks at the rear. Passion XTec also gets an option for a front disc brake. It gets a combi braking system too.Hero Splendor XTEC vs Passion XTEC – Specs ComparisonThe drum brake variant of Passion XTec is priced at Rs. 74,590 (ex-sh, Delhi) and disc variant is priced at Rs. 78,990 (ex-sh, Delhi). At this price, the price hike for XTec system is quite justified and provides a lot of value to the buyer. It competes with other 110cc bikes in the category like TVS Star City Plus, Honda Livo, Honda CD 110 Dream, TVS Radeon and Hero’s own Splendor iSmart 110. More

Hero Motocorp is offering a 5-year standard warranty with Passion Xtec2022 Hero Passion XTECHero MotoCorp has expanded its Xtec lineup by introducing Passion Xtec at a starting price of Rs 74,590 (ex-showroom). Prior to this launch, the Xtec range from Hero comprised four models including Splendor+ XTec, Glamour 125 XTec, Pleasure+ 110 XTec and Destini 125 XTec.The Indian bikemaker is offering Passion Xtec in two variants- drum brake and disc brake, the latter gets a price tag of Rs 78,990 (ex-showroom). This makes it Rs 5,000-6,000 more expensive than base Passion Pro. For the additional premium, the Xtec version of Passion gets plenty of useful features over the standard model.Hero Passion Xtec – Features on offerSpeaking of features, Passion Xtec is laced with amenities like a first-in-class projector LED headlamp, a fully digital instrument cluster with readouts for Real-Time Mileage Indicator, Low-Fuel Indicator and Service Reminder; USB charging port and a side-stand engine cut-off switch. The instrument console is also enabled with Bluetooth connectivity that offers SMS and call alerts.The Blue backlit instrument cluster also shows phone battery percentage. The company has also claimed that the new LED headlamp offers the best in segment brightness with a 12 percent longer beam than the conventional halogen lamp. The latest iteration of the commuter motorcycle features a chromed 3D branding and rim tape on its fuel tank that increases its premium appeal.2022 Hero Passion XTECOn the occasion of this launch, Ranjivjit Singh, Chief Growth Officer, Hero MotoCorp, said, “The Hero Passion is an iconic brand and enjoys massive customer trust for over a decade. With its new style and new attitude, the Passion XTec will appeal to the new age riders and with the latest technology features, it will set the benchmark for the segment.”2022 Hero Passion XTECPowertrain & Hardware SpecsMechanical specs of Passion Xtec remain identical to the standard model. Powering Passion Xtec is the same 110cc BS-VI compliant engine that produces an output of 9 bhp at 7500rpm and a peak torque of 9.79 Nm at 5,000rpm. This motor is paired with a 4-speed gearbox. It is also offered with the patented i3S start/stop technology for better fuel efficiency.Cycle parts of Passion Xtec also remain similar with a suspension setup consisting of conventional telescopic forks up front and twin shock absorbers at rear. Braking duties are handled by drum brakes as standard on both ends with an optional disc brake at front. Braking hardware is complemented by a Combi Braking System (CBS).2022 Hero Passion Prices June 2022The commuter bike rides on 18-inch alloy wheels shod with 80/100 sections of tyres at both front and rear ends. The motorcycle sits on a diamond frame with a wheelbase of 1,270 mm and a ground clearance of 180mm. It has a saddle height of 799mm. Hero MotoCorp will be increasing prices by up to Rs 3k from 1st July. More

Hero MotoCorp announces price revision for its range of scooters and motorcycles to the extent of Rs 3,000 wef July 1, 2022New Hero SplendorPrice hikes continue to be a necessary evil. And whether we factor them into spending, they are here to stay. In recent times, there’s been plenty of chatter around increase in prices of LPG, petrol, cooking oil, staples, dining out, flight tickets, and so on. The list is endless and parts of it affect almost everyone.Earlier today, Hero MotoCorp announced a price revision on ex-sh price of its range of motorcycles and scooters. The price hike is effective from July 1, 2022. Price revisions in this instance are subject to model and market. And will be upto a range of Rs 3,000.Overall cost inflationHero MotoCorp attributes the price revision ‘to partially offset the steadily growing overall cost inflation, including commodity prices’. The auto manufacturer dominates the market with its large volume business.With monthly sales surpassing lakhs, this price hike directly affects lakhs of customers. In May 2022, Hero MotoCorp reported domestic sales at 4,66,466 units. To ensure that the financial burden passed onto customers isn’t intimidating, it’s passed onto customers in a phased manner.Hero MotoCorp Sales May 2022However, a range of price revision announcements each year is no longer a phenomenon that surprises. The market has come to accept them, almost as though they’re factored into purchases. To understand why the 2W market is larger than life in India, one only needs to look at the number of total sales reported each month. In May 2022, domestic two-wheeler sales surpassed the 12 lakh unit mark. In comparison, car sales were just shy of the 3 lakh unit mark last month.Having first announced a price revision from early January this year, the company followed it up with a similar announcement for April. Both previous price hikes were capped at 2k each on ex-sh prices. The current rise of 3k isn’t expected to be the last of the year. And the trend puts estimated price revisions through the year to an expected up to Rs 10k or more, specific to model and market.Hero MotoCorp exportsWhile domestic market sales continue to stay in sight of the 5 lakh units monthly goal, the company has been enthusiastic about exports. Earlier in the week, the manufacturer announced the launch of 3 Euro V variants in Turkey. This includes an Xpulse 200 4V motorcycle, and 2 scooters – Dash 110, and 125cc.Though not big on product portfolio in Turkey, the company sees its bikes sold through a network that surpasses 100 touchpoints. Soysal Group has functioned as an exclusive distributor of Hero MotoCorp since 2014. With exports to 40 markets, total exports last month breached the 20k unit mark. More

Upon launch of the upcoming Hero Vida electric scooter from Hero MotoCorp, it will take on the likes of Bajaj Chetak and TVS iQubeImage for reference.After months of anticipation, Hero MotoCorp had announced the launch of a new subsidiary brand called Vida which will handle all operations in the electric vehicle (EV) space. The company’s entry into electric mobility had been discussed extensively over the last few months.There were also questions regarding what brand name the bikemaker adopts for its EV business since rights for the ‘Hero’ brand are exclusively held by the Naveen Munjal-led firm Hero Electric. By opting for the brand name ‘Vida’, Hero MotoCorp has avoided all legal tangles and should now be able to focus solely on product development.Hero Vida Electric Scooter DelayedThe first model to come out of this new Vida brand will be an electric scooter which was earlier teased in August last year during the company’s 10th anniversary celebration. This electric scooter was planned for launch on 1st July 2022, which is also the birth anniversary of Dr. Brijmohan Lall, Chairman Emeritus of Hero MotoCorp. But that is not going to be the case now. As per the latest update from Hero MotoCorp, launch has been delayed to festive season 2022.Mr. Swadesh Srivastava, Head of Emerging Mobility Business Unit (EMBU), said, “In line with our philosophy of providing the highest quality products to our customers, we remain committed to bringing the best of Electric Vehicles (EVs) for our customers across the globe. The ongoing geopolitical situation has resulted in enormous supply chain issues and shortage of various components, including semiconductors. Keeping customers as the top-most priority, we, therefore, feel it would be prudent to unveil the first EV product around the upcoming festive period instead of July as earlier announced. We are accordingly gearing up for the launch of VIDA – Powered by Hero – in the festive season.”Hero MotoCorp Electric Scooter – Under VIDA BrandIt is worth mentioning that the two-wheeler giant filed multiple trademarks for the name ‘Vida’ back in November last year. These included trademarks like Vida Electric, Vida Mobility, Vida EV, Vida MotoCorp, Vida Scooters, and Vida Motorcycles. Production of the upcoming e-scooter and other battery-powered models will be carried out at Hero’s new manufacturing plant in Chittoor, Andhra Pradesh.Significance Of the name ‘Vida’Deliveries of the electric scooter are expected to begin post launch. During the unveiling of the brand’s logo and the ‘sunrise’ visual identity of Vida, Dr. Pawan Munjal, Chairman & CEO, Hero MotoCorp, gave some insights about the brand name. He revealed that Vida means life, and the brand’s sole purpose is to create a positive impact on the world and move us all forward in meaningful ways.On this occasion, Hero MotoCorp also rolled out a US$100 Million Global Sustainability Fund. This fund will aim to establish global partnerships, spearheaded by the BML Munjal University (BMU) and Hero MotoCorp, with the objective of nurturing more than 10,000 entrepreneurs on ESG (Environmental, Social, and Governance) solutions that have a positive impact on the planet.Expected Details of Upcoming E-scooterHero MotoCorp has been tight-lipped about details of the upcoming electric scooter, however, an earlier teaser shed some light on it. The e-scooter sports a conventional underbone design and stands on 12-inch front and 10-inch rear black alloy wheels. It also didn’t feature a hub-mounted motor which means it could be powered by a mid-ship mounted electric motor with a belt drive.While the launch of the scooter is delayed, by the time deliveries start later this year, there would be enough charging stations set up at Bharat Petroleum pumps in most of the major cities. Given the nature of Hero MotoCorp’s business, we expect the upcoming electric scooter to be priced aggressively around Rs 1.5 lakh, ex-sh. More

Hero MotoCorp has reported a 165.89 percent YoY growth in May 2022 with an increase in domestic sales but de-growth in terms of exportsNew Hero SplendorHero MotoCorp, the world’s largest two wheeler maker has had a successful month of May 2022. Sales volumes increased substantially thanks to improvements in buyer sentiments and increased rural purchase backed by predictions of normal monsoon. Support by way of Government policies with the recent reduction in excise duty on petrol and diesel which has resulted in lower cost of fuel, has also brought relief to two wheeler ownersHero MotoCorp sold a total of 4,86,704 units in May 2022. This was a YoY growth of 165.89 percent over 1,83,044 units sold in May 2021. Domestic sales increased 192.34 percent to 4,66,466 units up from 1,59,561 units sold in May 2021 while exports dipped 13.82 percent to 20,238 units in May 2022 from 23,483 units shipped in May 2021.Hero MotoCorp Sales May 2022Growth was seen across both motorcycle and scooter sales. Motorcycle sales increased 153.07 percent YoY to 4,52,246 units, up from 1,78,706 units sold in May 2021. This was a volume growth of 2,73,540 units and a share percentage of 92.92. Scooter sales on the other hand saw a 694.33 percent YoY growth to 34,458 units in May 2022, up from 4,338 units sold in May 2021, a volume growth of 30,120 units and share percentage of 7.08.In May 2022, Hero MotoCorp also introduced the new Splendor+ XTEC commuter bike at Rs. 67,030. It comes in with added style and improved technology along with better comfort and safety features as compared to that seen on the Hero Splendor.Hero MotoCorp Sales May 2022Hero MoM Sales GrowthMonth-on-Month (MoM) sales of Hero MotoCorp also saw significant growth. Sales increased 16.26 percent MoM from 4,18,622 units sold in April 2022 to 4,86,704 units in the past month leading to volume growth of 68,082 units. Growth was seen both in terms of domestic sales and exports.Domestic sales increased 17.06 percent to 466,466 units from 3,98,490 units sold in April 2022. Exports saw a marginal increase of 0.53 percent to 20,238 units from 20,132 units sold in April 2022.Motorcycle sales improved 15.18 percent MoM from 3,92,627 units sold in April 2021 with 59,619 unit volume growth and 93.79 percent share. Scooter sales on the other hand increased 32.56 percent from 25,995 units shipped in April 2022 leading to an 8,463 unit volume growth and 6.21 percent share.Hero MotoCorp Sales May 2022 YTDThe two-wheeler major also announced that its first electric vehicle unveil, which was earlier scheduled to take place in July, has now been pushed ahead to the upcoming festive season in view of supply chain issues and shortage of various components, including semiconductors. More