HEROMOTOCO

March 20 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• HERO MOTOCORP - CLARIFIES NO RELATION TO HERO MOTORS

• HERO MOTOCORP - STATES REPORT "HERO MOTORS, SCHMIEDETECHNIK FORM JV" NOT RELATED TO CO

Source text: ID:nBSE3d1FXw

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March 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA'S FEB 2-WHEELER SALES 13,84,605 UNITS - INDUSTRY BODY

• INDIA'S FEB 3-WHEELER SALES 57,788 UNITS - INDUSTRY BODY

• INDIA'S FEB TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,77,689 UNITS - INDUSTRY BODY

• INDIA AUTO INDUSTRY BODY: UPCOMING FESTIVITIES OF HOLI, UGADI IN MARCH LIKELY TO CONTINUE TO DRIVE DEMAND

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** Hero MotoCorp HROM.NS gains as much as 2.1% to 4,319.95 rupees in early trade, last up ~1%

** HROM's Q3 profit beat estimates on higher sales of mid-level models such as the "Xtreme 125R"

** India's top motorcycle maker by volumes declares dividend of 100 rupees ($1.14)/share

** Rivals TVS Motor TVSM.NS, Bajaj Auto BAJA.NS reported profit misses, but analysts cheered exports, margin outlook

** HROM, TVSM, BAJA rated "buy" on avg - LSEG

** HROM down 2.5% so far this week

($1 = 87.4710 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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Feb 6 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• HERO MOTOCORP Q3 PAT 12.03 BILLION RUPEES; IBES PROFIT EST. 11.25 BILLION RUPEES

• HERO MOTOCORP Q3 REVENUE FROM OPERATIONS 102.11 BILLION RUPEES; IBES EST. 101.4 BILLION RUPEES

• HERO MOTOCORP - INVESTMENT OF UPTO 51.5 MLN RUPEES FOR SOLAR POWER WHEELING PROJECT

• HERO MOTOCORP DIVIDEND 100 RUPEESPER SHARE

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Feb 4 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• TAX DEPARTMENT IMPOSES 4.56 BILLION RUPEES PENALTY ON HERO MOTOCORP

Source text: ID:nBSE9GnBp0

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Jan 31 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• VIKRAM KASBEKAR APPOINTED ACTING CEO EFFECTIVE MAY 1, 2025

• NIRANJAN GUPTA STEPS DOWN AS CEO EFFECTIVE APRIL 30, 2025

• EV & EMERGING MOBILITY BUSINESS UNIT TO OPERATE INDEPENDENTLY FROM FEBRUARY 1, 2025

Source text: ID:nBSE52scQ3

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Jan 14 (Reuters) -

• INDIA'S DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,14,934 UNITS - INDUSTRY BODY

• INDIA'S DEC 2-WHEELER SALES 11,05,565 UNITS - INDUSTRY BODY

• INDIA'S DEC 3-WHEELER SALES 52,733 UNITS - INDUSTRY BODY

• INDIA'S JAN-DEC TOTAL DOMESTIC PASSENGER VEHICLE SALES 42,74,793 UNITS - INDUSTRY BODY

• INDIA'S JAN-DEC 2-WHEELER SALES 1,95,43,093 UNITS - INDUSTRY BODY

• INDIA'S JAN-DEC 3-WHEELER SALES 7,28,670 UNITS - INDUSTRY BODY

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** Shares of Hero MotoCorp HROM.NS fall 1.7% to 4,236.35 rupees, top loser in the Nifty 50 index .NSEI

** Two‐wheeler maker's total sale for December fell 17.5% y/y due to 22.1% y/y drop in domestic sales

** Sales of motorcycles were down 15.8% y/y, scooter sales fell 32.8% y/y

** Competitor Bajaj Auto's BAJA.NS Dec total 2‐wheeler sales fell 4% y/y, while TVS Motor TVSM.NS saw an 8% y/y rise

** Brokerage BofA says domestic 2-wheeler demand hurt by receding pent up demand post solid festive season and weaker-than-expected wedding season demand

** Stock rose only 1% in 2024 vs 51% gains in 2023

(Reporting by Vijay Malkar)

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Jan 2 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• SALES EXCEED 5.9 MILLION UNITS IN 2024

• DEC SALES AT 324,906 UNITS

Source text: ID:nBSEYYhbT

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Jan 1 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• GETS ADDITIONAL TAX DEMAND OF 264 MILLION RUPEES

Source text: ID:nBSEz2DYl

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Dec 27 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• COMPANY HAS EXTENDED ITS PARTNERSHIP WITH HARLEY-DAVIDSON MOTOR COMPANY

• EXTENDED ITS PARTNERSHIP WITH HARLEY-DAVIDSON MOTOR

• TO EXPAND HARLEY-DAVIDSON X440 INTO NEW VARIANTS, TO DEVELOP NEW MOTORCYCLE

Source text: ID:nBSE1ZHlN9

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Dec 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA'S NOV TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,47,522 UNITS - INDUSTRY BODY

• INDIA'S NOV 2-WHEELER SALES 16,04,749 UNITS - INDUSTRY BODY

• INDIA'S NOV 3-WHEELER SALES 59,350 UNITS - INDUSTRY BODY

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Dec 4 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• HERO MOTOCORP - INTRODUCES V2 SERIES OF ELECTRIC SCOOTERS

• HERO MOTOCORP LTD - LAUNCHES VIDA V2 PRO, PLUS, AND LITE WITH ADVANCED FEATURES

• HERO MOTOCORP LTD - VIDA V2 ENTERS MASS SEGMENT WITH SUB 100,000 RUPEES PRICE

Source text: [ID:]

Further company coverage: HROM.NS

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** Shares of Hero MotoCorp HROM.NS climb 5% to 4,835 rupees

** Two-wheeler maker beats Q2 profit, rev estimates on higher sales of mid-range motorcycles

** Rural improvement is a key catalyst, Nomura says, adding HROM's margins "have room for improvement"

** Success in premium bikes and EVs a positive for HROM, even though market share decline in 2Ws and adverse demand profile are concerns, says Jefferies

** Rivals TVS Motor TVSM.NS and Bajaj Auto BAJA.NS also reported strong Q2 results

** Avg rating on HROM at "buy", while TVSM and BAJA rated "hold" - LSEG data

** HROM's ~12% YTD climb lowest vs 18% gain in TVSM and BAJA's 39.5% rise

(Reporting by Kashish Tandon in Bengaluru)

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Nov 15 (Reuters) - INDIA AUTO DEALERS' BODY FADA:

• NEARLY HIT OUR FORECASTED TARGET OF 4.3 MILLION VEHICLES DURING 42 DAYS FESTIVE PERIOD

• AUTO INDUSTRY YET TO FULLY BENEFIT FROM GOVERNMENT PUSH IN INFRASTRUCTURE SPENDING

• EXPECTS GOVERNMENT PUSH IN INFRASTRUCTURE SPENDING TO BOLSTER COMMERCIAL VEHICLE SALES

• COULD HAVE MET 4.5 MLN UNITS TARGET IF NOT FOR UNSEASONAL HEAVY RAINS IN SOUTH INDIA

• ANTICIPATES CAR STOCK LEVELS WILL REDUCE FURTHER FROM OCTOBER LEVELS

• URGES OEMS TO FOCUS ON LIQUIDATING 2024 STOCK AHEAD OF YEAR END

• LOOKING AHEAD, TRACTORS TO PERFORM BETTER, SUPPORTED BY GOOD RAINFALL, RISE IN MSP OF CROPS

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Adds details on strategy, updates share levels and background

By Nandan Mandayam and Indranil Sarkar

Nov 14 (Reuters) - India's Eicher Motors EICH.NS was on course for its best day since mid-2020, after the Royal Enfield motorcycle maker posted a quarterly profit beat, which analysts said indicated that the "toughest phase" of competition was over.

Eicher's stock rose more than 8.3% and was the top gainer on the Nifty auto index .NIFTYAUTO, which was up about 1%.

Jefferies said that the "toughest phase of the competition is behind" for Royal Enfield. Emkay, which also said competition was "largely behind", upgraded the stock three notches to "buy" from "sell".

Demand for its motorcycles has sustained even after the October-November festive season due to successful launches of some of new premium models, Royal Enfield CEO B Govindarajan told analysts on Wednesday.

The company, which gets most of its earnings from Royal Enfield, came under pressure last year after two-wheeler makers Hero MotoCorp HROM.NS and Bajaj Auto BAJA.NS launched premium Harley Davidson and Triumph models, directly challenging some of Royal Enfield's top sellers.

Govindarajan added that rural demand was rising and continued to outpace urban sales growth. Rural sales account for a third of Royal Enfield's sales and over half of the country's two-wheeler industry.

The positive commentary sent Hero's shares 1.5% higher. The company, which sells a major chunk of its motorcycles in rural India, is often viewed by investors as a gauge for rural sales.

It is due to report results later in the day.

Shares of other two-wheeler makers also traded marginally higher, with TVS Motor Company TVSM.NS rising 0.6% and Bajaj Auto up 0.1%.

Additionally, analysts raised Royal Enfield's volume growth estimates after Govindarajan said the company was focusing on volumes over margins and looking at "all the levers which are available for getting the growth."

Nomura termed Royal Enfield's focus on volume growth "a better trade-off" while upgrading the stock to "neutral" from "sell". It raised its fiscal 2025 volume growth target to 8.3% from 5%, while Ambit raised its estimate to 5.4% from 3.9%.

(Reporting by Nandan Mandayam and Indranil Sarkar in Bengaluru; Editing by Janane Venkatraman)

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Nov 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA'S OCT TOTAL DOMESTIC PASSENGER VEHICLE SALES 393,238 UNITS - INDUSTRY BODY

• INDIA'S OCT 2-WHEELER SALES 2,164,276 UNITS - INDUSTRY BODY

• INDIA'S OCT 3-WHEELER SALES 76,770 UNITS - INDUSTRY BODY

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Nov 5 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• HERO MOTOCORP - OUTLINES EXPANSION PLANS FOR EUROPE AND UK

• HERO MOTOCORP - WILL BE ENTERING EUROPE , UK MARKETS WITH ELECTRIC SCOOTER - VIDA Z

• HERO MOTOCORP - PLANS TO EXPAND ITS RANGE TO HIGH CAPACITY PREMIUM ICE MOTORCYCLES IN EUROPE, UK

• HERO MOTOCORP - ANNOUNCED APPOINTMENT OF DISTRIBUTORS IN ITALY - PELPI INTERNATIONAL S.R.L.

Source text: ID:nBSE1B3B7T

Further company coverage: HROM.NS

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Nov 4 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• HERO MOTOCORP - RETAIL SALES 1.6 MILLION UNITS, UP 13% Y/Y DURING 32-DAY FESTIVE PERIOD

• HERO MOTOCORP - EXPECT MOMENTUM TO CONTINUE, OPTIMISTIC ABOUT REMAINDER OF YEAR

• HERO MOTOCORP - GOOD MOMENTUM, GROWTH IN MOST PARTS OF COUNTRY

• HERO MOTOCORP - RURAL SALES CAUGHT UP WITH URBAN SEGMENT IN LATTER HALF OF FESTIVE SEASON

Source text: ID:nBSEnqxmT

Further company coverage: HROM.NS

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Nov 1 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• SELLS 680000 MOTORCYCLES & SCOOTERS IN OCTOBER 2024; REGISTERS 18% GROWTH

• GROWTH DRIVEN BY ROBUST DEMAND IN 100CC AND 125CC SEGMENT DURING FESTIVE PERIOD

Source text: ID:nNSEbZ2nxm

Further company coverage: HROM.NS

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** Shares of Hero MotoCorp Ltd HROM.NS slips 3.9% to 4,917.10 rupees

** UBS maintains "sell", Street-low PT of 3,300 rupees on India's top two-wheeler manufacturer

** Brokerage says HROM is not a proxy for rural demand and a revival in rural spending will not significantly benefit co, citing a change in preferences and risk of electrification

** While HROM has most rural exposure among Indian players, its reliance on 5 states for 50% of its volumes vs 33% for industry exposes it to ceding market share to Honda and TVS Motor TVSM.NS - UBS

** Adds, rural consumers eyeing 125cc and other larger motorcycles, which forms just 12% of HROM's volumes

** Eight of 36 analysts tracking HROM rate it "sell or lower" - LSEG data

** On avg, however, HROM only "buy"-rated two-wheeler stock

** Stock has fallen 21% from the record high it hit towards September-end

(Reporting by Nandan Mandayam in Bengaluru)

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Corrects paragraph 2 to say Bajaj expects festive season sales growth of 3%-5%, not 1%-2%; and industry expects at least 8% growth, not 5%-6%

Oct 17 (Reuters) - Indian motorcycle maker Bajaj Auto's BAJA.NS shares dropped 8.6% on Thursday and looked set for their worst day since March 2020 after the company's weak outlook for overall motorcycle sales during the festive period.

In an analyst call on Wednesday, Executive Director Rakesh Sharma said he expects motorcycle sales during the early October-November festive season to grow just 3%-5%. That is lower than the industry's expectation of at least 8%.

Bajaj Auto's commentary led to a drop in rival shares as well, with Hero MotoCorp HROM.NS and TVS Motor TVSM.NS falling about 5% each.

Indians generally make big-ticket purchases like motorcycles during the festive season.

However, this year, rising food prices ahead of the festival season have prompted some consumers to limit more expensive purchases, retailers said.

Bajaj Auto reported quarterly profit growth and margins that largely met expectations, according to analysts, who noted that the stock's current valuation appeared to have priced in all positives.

The company is the first two-wheeler maker to report its second-quarter results.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)

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Oct 7 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA'S AUTO DEALER'S BODY: SEPT OVERALL SALES WITNESSED SIGNIFICANT DECLINE OF -9.26% YOY

• INDIA'S FADA: PASSENGER VEHICLE DEALERS FACING ALL TIME HIGH INVENTORY LEVELS OF 80-85 DAYS

• INDIA'S FADA: PASSENGER VEHICLE DEALERS UNDER FINANCIAL PRESSURE, INCREASED CASH FLOW CHALLENGES

• INDIA'S FADA: URGE RBI TO ISSUE STRICTER RULES ON CHANNEL FUNDING TO MITIGATE DEALERS FINANCIAL RISK

• INDIA'S FADA - MIXED PERFORMANCE OBSERVED ACROSS SEGMENTS IN SEPT

• INDIA'S FADA - MONSOON DISRUPTED RETAIL PERFORMANCE IN REGIONS, NEGATIVELY IMPACTING DEMAND

• INDIA'S FADA - FESTIVE SEASON BOOST WITH BOTH NAVRATRI, DIWALI FALLING IN SAME MONTH,EXPECTED TO UPLIFT SALES

• INDIA'S FADA - FAVOURABLE AGRI CONDITIONS LIKELY TO SPUR RURAL DEMAND FOR 2W, PV, TRAC SEGMENTS
  

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** Emkay Research hikes its PT on Hero MotoCorp HROM.NS by 10.2% to Street-high 7,000 rupees; maintains "buy" rating

** Says HROM's market share loss now likely behind and expects recovery to commence; domestic motorcycle market share fell 190 bps YoY in FY25 YTD to 42.6%

** Says full-year impact of successful Xtreme 125R launch to help co recover market share; expects 50 bps improvement over FY24-27

** Also raises HROM associate Ather's SoTP contribution to increase to 250 rupees/share from 175 rupees/share earlier; Ather filed for $536 mln IPO

** Avg. rating on HROM is "buy" and median PT is 5,579 rupees - LSEG data

** Rivals Bajaj Auto BAJA.NS and TVS Motor TVSM.NS each rated "hold" on avg - LSEG data

** HROM stock down 0.9% to 6,034.9 on the day

(Reporting by Varun Vyas in Bengaluru)

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Sept 17 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• HERO FUTURE ENERGIES CHAIRMAN: WILL INVEST $20 BILLION FOR RENEWABLE CAPACITY ADDITIONS BY 2030

• HERO FUTURE ENERGIES CHAIRMAN: WILL FUND RENEWABLE CAPACITY ADDITIONS VIA INTERNAL FUNDS, MIX OF DEBT, EQUITY

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Sept 13 (Reuters) - Ashok Leyland Ltd ASOK.NS:

• INDIA'S AUGUST TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,52,921 UNITS- INDUSTRY BODY

• INDIA'S AUGUST 2-WHEELER SALES 17,11,662 UNITS - INDUSTRY BODY

• INDIA'S AUGUST 3-WHEELER SALES 69,962 UNITS - INDUSTRY BODY

• INDIA AUTO INDUSTRY BODY: AS COUNTRY ENTERS FESTIVE SEASON, DEMAND FOR VEHICLES EXPECTED TO GROW

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Sept 9 (Reuters) -

• ATHER ENERGY FILES FOR IPO - DRAFT PROSPECTUS

• ATHER ENERGY IPO: FRESH ISSUE OF SHARES WORTH 31 BILLION RUPEES

• ATHER ENERGY IPO: EXISTING SHAREHOLDERS SELLING 22 MILLION SHARES

• ATHER ENERGY IPO: TO USE PROCEEDS FOR CAPEX TO SET UP FACTORY, REPAY DEBT, RESEARCH AND DEVELOPMENT

• ATHER ENERGY IPO: AXIS CAPITAL, HSBC SECURITIES AND CAPITAL MARKETS (INDIA), JM FINANCIAL AMONG BOOKRUNNING LEAD MANAGERS

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Aug 19 (Reuters) - Hero MotoCorp Ltd HROM.NS:

• BRAZIL OPERATIONS TO START IN Q4 FY’25

Source text for Eikon: ID:nBSE91SSKB

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Aug 14 (Reuters) - Society of Indian Automobile Manufacturers:

• INDIA'S JULY TOTAL DOMESTIC PASSENGER VEHICLE SALES 3,41,510 UNITS - INDUSTRY BODY

• INDIA'S JULY 3-WHEELER SALES 59,073 UNITS - INDUSTRY BODY

• India's July 2-Wheeler Sales 14,41,694 Units - Industry Body

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BENGALURU, Aug 13 (Reuters) - India's largest two-wheeler maker Hero MotoCorp HROM.NS reported higher first-quarter profit on Tuesday, supported by strong sales growth.

The company reported a standalone profit after tax of 11.23 billion rupees ($133.8 million) for the quarter ended June 30, up 36% from last year.

The standalone results do not include the business of its subsidiaries or associates, including Ather Energy and Hero FinCorp.

($1 = 83.9320 Indian rupees)

(Reporting by Varun Hebbalalu and Nandan Mandayam in Bengaluru; Editing by Varun H K)

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