Hero MotoCorp

Image – Satyam GuptaMost two-wheeler manufacturers have increased prices multiple times this year due to rising input costs
India’s largest two-wheeler manufacturer, Hero MotoCorp has increased prices of its scooters and motorcycles at least three times this year. These were mostly due to increasing commodity prices.
While manufacturers try to absorb much of the increased production cost, there comes a time when some of it has to be passed on to customers. In the latest round of price hike, Hero has increased prices by around Rs 3k. The new prices have been applicable from September 20th.
Hero Motorcycles Price List Sep 2021
India’s favourite commuter bike and the company’s top selling product, Splendor prices have been increased for select variants. For example, Splendor Plus Self/Drum/Alloy now costs Rs 67,160 as compared to Rs 66,050 earlier.
Similarly, prices have been increased for Splendor iSmart Drum/Alloy, Splendor Plus 100 Million Edition, Splendor Plus Black and Accent Self/Drum/Alloy and Super Splendor variants. Overall, the Splendor range is costlier by up to Rs 1,700. Prices of select Splendor variants, especially the base-spec models, have not been increased.
Hero Motorcycles Price List Sep 2021
Other motorcycles that have become costlier include Xpulse 200, Xpulse 200T, and Xtreme 200S. Xpulse 200 and 200T have become costlier by Rs 2,350 each. New prices are Rs 1,23,150 and Rs 1,20,650, respectively. Hero Xtreme 200S now costs Rs 1,27,364, an increase of Rs 3,350. Prices of these three motorcycles were increased earlier this year in April as well. At that time, the price hike was Rs 3k for each of these motorcycles.

Hero MotoCorp
Sep-21

No
Motorcycles
New Price, Ex-Delhi

1
Xtreme 160R Disc
1,11,610

2
Xtreme 160R Double Disc
1,14,660

3
Xtreme 160R 100M Edition
1,16,460

4
Xtreme 200S
1,27,364

5
Xpulse 200
1,23,150

6
Xpulse 200T
1,20,650

7
Glamour Drum
75,900

8
Glamour Disc
79,900

9
Glamour Blaze Drum
76,900

10
Glamour Blaze Disc
80,900

11
Glamour 100M Drum
77,700

12
Glamour 100M Disc
81,700

13
Glamour X-Tec Drum
80,500

14
Glamour X-Tec Disc
85,100

15
Splendor iSmart Drum
69,650

16
Splendor iSmart Disc
72,350

17
Passion Pro Drum
70,375

18
Passion Pro Disc
73,300

19
Passion Pro Drum 100M
72,175

20
Passion Pro Disc 100M
75,100

21
Splendor Plus Kick Start
64,850

22
Splendor Plus Self Start
67,160

23
Splendor Plus i3S
68,360

24
Splendor Plus Black Accent
68,860

25
Splendor Plus 100M
70,710

26
HF Deluxe Spoke Wheel
52,700

27
HF Deluxe Kick Start
53,700

28
HF Deluxe Self Start
61,900

29
HF Deluxe Self Start i3S Black
62,500

30
HF Deluxe Self Start i3S
63,400

31
Super Splendor Drum
73,900

32
Super Splendor Disc
77,600

Hero will soon launch Xpulse with a new, more powerful 4-valve engine. The current unit has a 2-valve head setup. A 4-valve system improves combustion, thereby improving performance and torque output. Fuel efficiency can also be increased with a 4-valve engine. Xpulse 4V will also get cosmetic updates such as new colour options and graphics.
In its current form, Xpulse is powered by a 200cc, oil cooled motor that makes 17.8 bhp at 8500 rpm and 16.45 Nm at 6500 rpm. It is mated to a 5-speed constant mesh transmission. This engine is shared by Xpulse 200T and Xtreme 200S.
Hero Scooters Price List Sep 2021
Hero Scooters Price List Sep 2021
Hero Maestro Edge 110 prices have been increased in the range of Rs 1,349 to Rs 1,650. The 100 Million Edition now costs Rs 68,599. Hero Maestro Edge 125 prices have been increased in the range of Rs 1,200 to Rs 2,150. The highest price hike is for Maestro Edge 125 Alloy Disc Prismatic Plus Connected variant that now costs Rs 81,900.
Destini 125 prices have been increased in the range of Rs 750 to Rs 1,200. Destini 125 Alloy Drum VX Platinum now costs Rs 75,900. Prices of Pleasure Plus are up by Rs 1,350 to Rs 1,450. Pleasure Plus Platinum Alloy Drum ZX variant is available at Rs 66,400.

Hero MotoCorp
Sep-21

No
Scooters
New Price, Ex-Delhi

1
Destini 125 Drum
70,400

2
Destini 125 Alloy
73,950

3
Destini 125 Platinum
75,900

4
Destini 125 100M
75,500

5
Maestro 125 Drum
73,450

6
Maestro 125 Disc
77,900

7
Maestro Stealth Black
76,750

8
Maestro 125 – Connected
81,900

9
Maestro 110 VX
65,900

10
Maestro 110 ZX
66,900

11
Maestro 110 100M
68,500

12
Pleasure Plus LX
61,900

13
Pleasure Plus VX
64,200

14
Pleasure Plus ZX Platinum
66,400

Recent price hike by Hero MotoCorp is unlikely to have any major impact on sales. The numbers are expected to be high during the peak festive season, just as it has been in previous years. More

Hero MotoCorp has partnered with Taiwan’s GogoroHero MotoCorp is yet to decide on a new brand name for its dedicated EV vertical since it cannot use the ‘Hero’ brand
Hero MotoCorp will be venturing into the electric vehicle (EV) manufacturing space by launching its first battery-powered two-wheeler in March 2022. This development has been confirmed by CFO of the brand, Niranjan Gupta in an interaction with PTI. It has also come to light that this electric scooter has been developed independently by Hero.
Last month, chairman and CEO of Hero MotoCorp, Dr. Pawan Munjal, teased a pre-production prototype of the upcoming electric scooter during the company’s 10th anniversary celebration live stream recently. While no details of this scooter were revealed during the event, it gave us a rough idea of what to expect from the upcoming e-scooter.
On the other hand, Hero is also planning to launch its second electric scooter by the second half of next year. This two-wheeler will be developed in association with Taiwan-based EV manufacturer Gogoro. The two brands announced a partnership earlier this year which involved the use of battery swapping technology in upcoming electric two-wheelers.
Design of e-scooter
Coming back to the indigenously developed two-wheeler, it is an all-new electric scooter wearing a distinct design. For starters, the scooter appears to stand on 12-inch front and 10-inch rear black alloy wheels which look sporty. In all probability, it will be powered by a mid-ship mounted electric motor since the rear wheel did not feature a hub-mounted motor.
Hero MotoCorp FIrst electric scooter
Unlike the Gogoro electric scooters patented in India a few months ago, the e-scooter from Hero MotoCorp misses out on double-sided swingarms. Black embellishments on the handlebar, side and rear fenders and floorboard give the scooter a dual-tone colour theme that looks very sporty. Other notable styling highlights include a short flyscreen, a long split seat and curvy bodywork. The pillion seat is detachable which is intended for use in last-mile services.
Separate brand name for EV lineup
More details on the upcoming electric scooter will hopefully be revealed ahead of its launch in the next few months. However, the company has a lot to figure out before launching its first battery-powered model.
As previously revealed, the company cannot use the brand ‘Hero’ for its EV lineup since this right has been held by Hero Electric, a separate EV manufacturing entity. Hero MotoCorp is yet to decide on a brand name for its dedicated electric vehicle (EV) vertical.
Gogoro Electric Scooter name patented in India
Upon its launch, the upcoming e-scooter from Hero will compete against a raft of other electric scooters such as Ather 450X, Ola S1, Bajaj Chetak, Simple One and TVS iQube. The company CFO also revealed that the recent shortage of semiconductor chips has had no effect on production of two-wheelers. The bikemaker is gearing up to stock its inventories for the festive season. More

Image – Patna BikesHero MotoCorp total sales decline reported at over 22 percent in August 2021
Hero MotoCorp sales fell by a noticeable 22 percent in August 2021. Total fell to 4,53,879 units, down from 5,84,456 units. Volume loss stood at 1,30,577 units. Of this, motorcycle sales made up the bulk of 4,20,609 units. Sales decline stood at 22.78 percent, down from 5,44,658 units. Volume loss stood at 1,24,049 units. Scooter sales fell to 33,270 units from 39,798 units. Sales volume fell by 6,528 units at 16.40 percent decline.
As expected, motorcycle sales contribute to over 90 percent of total sales. Best selling motorcycles include Splendor, HF Deluxe, Passion, Glamour, etc. Scooter sales continue to be a small contributor. Top sellers include Pleasure, Maestro, Destini.
Of total sales, only 22,742 units were exported last month. This was an improvement of 44 percent YoY, up from 15,782 units at volume gain of just under 7k units. Despite sales slowdown last month, YTD FY22 total sales still stands in the green after 5 months. Total YTD sales is reported at 19,32,784 units, up from 16,62,233 units.
Hero MotoCorp MoM August 2021 sales
While YoY sales did take a beating, MoM sales remained more or less stable. MoM motorcycle sales fell by less than percent at 3,517 units volume decline. Motorcycle sales fell from 4,24,126 units.
Hero MotoCorp Sales Aug 2021
Scooter sales improved by 10 percent at volume gain of 3k units, up from 20,272 units. Total domestic sales volume improved by 1,929 units, up from 4,28,208 units. MoM exports fell by about 10 percent at volume loss of 2,448 units, down from just over 25k units exported in July 2021.
Hero MotoCorp has been keen on increasing opportunities in export markets. While the manufacturer enjoys market dominance in the domestic market, its export contribution has been far lower than manufacturers who sell far lesser two-wheelers in India.
Gearing up for the 2021 festive season
As an industry, the two wheeler industry is a big one with lakhs of vehicles sold on a monthly basis. This is closely tied to the economy at all times. Market fundamentals remain positive, particularly in rural areas. Agricultural growth has picked up over the past two quarters. Harvest is expected to be above-average with bumper production of key crops including rice and pulses. The ongoing good monsoon coupled with MSPs will lead to an increase in incomes for farmers. This then fuels expectations that they will spend more on two wheelers during the upcoming festive season.
The general outlook for now is that the more people that have their vaccinations on time, the better for all of us. Timely Covid- 19 vaccination has been recommended by WHO for all countries. With India’s population being larger than life, the need to vaccinate is even greater around us. Add to improved vaccination rate, the opening of last mile retail avenues. It portends to an improved business atmosphere, and in turn keeps protections for two wheeler sales in the green. More

Image – BikewayzDespite a decline of over 14% in domestic sales, Hero MotoCorp continues to be the leader in two wheeler segment
Hero MotoCorp has reported total domestic sales at 4,29,138 units, a de-growth of 14.23 percent over 5,00,307 units sold in July 2020. Exports on the other hand grew 233.42 percent YoY to 25,190 units in the past month up from 7,555 units shipped in July 2020. MoM growth was however on the down side both in terms of domestic sales and exports which dipped 2.20 percent and 17.80 percent respectively.
Hero MotoCorp Domestic Sales
Hero Splendor, an entry level commuter bike, remains a hot favorite in domestic markets. It has topped the sales charts with 2,50,794 units sold in the past month, up 17.52 percent over 2,13,413 units sold in July 2020. Hero Splendor holds a 58.44 percent share and along with HF Deluxe at No. 2 with 1,06,304 units sold, were the only two bikes from Hero MotoCorp to amass sales over the 1 lakh unit mark in the past month. Hero Splendor was not only the best-selling bike in the company lineup but the most sold motorcycle in the country in the month of July 2021
However, apart from Hero Splendor and Pleasure, every other bike in the company portfolio posted de-growth in the past month. MoM sales of Splendor dipped 5.13 percent as against 2,64,369 units sold in June 2021. HF Deluxe too reported de-growth, down 3.99 percent over 1,10,724 units sold in June 2021.
3rd highest selling motorcycle in Hero MotorCorp’s portfolio was Glamour of which the company sold 20,606 units in July 2021, a massive de-growth of 59.77 percent over 51,225 units sold in July 2020. MoM sales of this bike however noted a 9.85 percent growth as against 18,759 units sold in June 2021. Later last month, Hero MotoCorp had teased the 2021 Glamour Xtec 125 which will now come in with Bluetooth connectivity, H shaped LED DRLs and new black paint scheme.
Hero MotoCorp Sales, Exports July 2021 vs July 2020 (YoY)
Posting a 58.73 percent YoY de-growth was the Hero Passion at No. 4. Sales dipped from 44,377 units sold in July 2020 to 18,316 units in the past month. It was however, a growth of 13.67 percent MoM as compared to 16,113 units sold in June 2021.
At No. 5 was Hero Pleasure scooter with 8.74 percent YoY growth from 16,290 units sold in July 2020 to 17,713 units sold last month. MoM sales however dipped 1.25 percent as against 17,937 units sold in June 2021.
Hero Destini, Maestro and Xpulse 200 each posted YoY de-growth while Destini 125 and Maestro performed better in a MoM basis. Xtreme 160R sales grew 126.35 percent MoM from 1,017 units sold in June 2021 to 2,302 units in July 2021 while Xpulse 200 sales dipped 23.51 percent to 1,402 units in the past month.
Hero MotoCorp Sales, Exports July 2021 vs Jun 2021 (MoM)
Hero MotoCorp Exports
Hero MotoCorp exported a total of 25,190 units in the past month, a growth of 233.42 percent as against 7,555 units exported in July 2020. MoM exports however dipped 17.80 percent as against 30,646 units shipped in June 2021.
In export lists, Hero Achiever was most in demand in global markets. Shipments stood at 8,623 units, up 771.89 percent over 989 units exported in July 2020. MoM growth stood at 5.73 percent over 8,156 units shipped in June 2021.
Hero Splendor and Hunk exports grew 181.43 percent to 7,925 units and 811.40 percent to 3,518 units respectively in the past month. However, MoM export figures dipped 10.86 percent and 34.55 percent respectively from 8,891 units and 5,375 units shipped in June 2021.
Exports of HF Deluxe surged 7,530 percent YoY from 40 units shipped in July 2020 to 3,052 units in the past month. MoM sales suffered de-growth of 5.22 percent over 3,220 units shipped in June 2021.
YoY export growth was reported for Xpulse 200, Maestro, Pleasure and Destini 125. MoM exports dipped for Xpulse 200 and Maestro but increased in case of Pleasure and Destini 125 by 42.22 percent and 207.69 percent respectively. More

New Hero Splendor Golden Colour. Image – Patna BikesHero MotoCorp reported increased sales in the past month with the Splendor being its best-selling model locally and globally
Hero MotoCorp has reported MoM growth to the extent of 175.05 percent in June 2021 while YoY domestic growth increased 1.89 percent. Exports on the other hand increased 30.50 percent MoM while exports grew 48.09 percent in a YoY basis.
Domestic Sales
Hero MotoCorp sold 4,38,805 units in June 2021, up from 1,59,538 units sold in May 2021. It was Hero Splendor that contributed most to these sales with a 62.95 percent share. Splendor sales stood at 2,64,369 units in June 2021, up 163.22 percent from 1,00,435 units sold in May 2021.
YoY sales increased 45.91 percent from 1,81,190 units sold in June 2020. Like rest of the company portfolio, Hero Splendor has also undergone a price hike from 1st July 2021, in view of rising input costs. Hero Splendor and HF Deluxe were the only two bikes from Hero MotoCorp that noted sales of over a lakh unit last month.
The HF Deluxe is the second highest selling motorcycle in Hero MotorCorp’s portfolio with 162.89 MoM sales growth to 1,10,724 units, up from 42,118 units sold in May 2021. It commands a 26.40 percent share in the company lineup. Lagging the charts on a YoY basis was HF Deluxe that suffered de-growth of 14.87 percent from 1,30,065 units sold in June 2020.
Hero MotoCorp Sales June 2021 vs June 2020 (YoY)
Hero Glamour and Pleasure at Nos. 3 and 4 respectively noted MoM growth at 156.52 percent and 712.36 percent respectively. Glamour sales, which had stood at 7,313 units in May 2021 increased to 18,759 units in the past month while YoY sales dipped 58.55 percent from 45,254 units sold in June 2020.
Pleasure sales increased from 2,208 units sold in May 2021 to 17,937 units in June 2021. Opening of markets across the country could have resulted in this significant growth in demand. YoY sales of Hero Pleasure saw a 19.48 percent growth from 15,012 units sold in June 2020.
Hero Passion, Destini 125 and Maestro also noted strong domestic sales in a MoM basis while sales of Xpulse 200 and Xtreme 160R also grew significantly. YoY sales of each of these models suffered de-growth except for Xpulse 200 which noted a 71.95 percent increase to 1,833 units, up from 1,066 units sold in June 2020.
Hero MotoCorp Sales June 2021 vs May 2021 (MoM)
Hero Exports June 2021
Exports of Hero MotoCorp increased 30.50 percent on a MoM basis while YoY exports saw a 48.09 percent increase. Total exports which had stood at 23,483 units in May 2021 increased to 30,646 units in the past month while in June 2020 exports had been at 20,694 units. In global markets too it was the Splendor that was most in demand. 8,891 units were shipped in June 2021 up from 6,850 units exported in May 2021 while in June 2020 shipments stood at 7,288 units relating to a 22 percent YoY growth.
In global markets, Hero Achiever and Hunk are also on sale though the Achiever is discontinued from the company’s domestic lineup. Achiever sales increased 98.15 percent to 8,156 units in June 2021, up from 4,116 units exported in May 2021. However, YoY sales increased by 4082.56 percent from just 195 units exported in June 2020.
Hunk at No.3 saw a 37.82 percent MoM export growth to 5,375 units, up from 3,900 units shipped in May 2021 while YoY exports increased 14.53 percent as against 4,693 units shipped in June 2020. Hero HF Deluxe shipments dipped 38.05 percent on a MoM basis to 3,220 while YoY exports increased 61.65 percent as against 1,992 units of June 2020. Exports of Xpulse 200 and Maestro also increased while that of Glamour, Pleasure and Destini dipped both in terms of MoM and YoY. More