Hero Motocorp Limited - January, 2012

Date: January 7, 2012
Pages: 2
US$ 200.00
Publisher: Cni Research Ltd
Report type: Company Report
Delivery: E-mail Delivery (Word), CD-ROM Mail Delivery, Online Subscription, Hard Copy Mail Delivery, E-mail Delivery (PDF)

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Hero Motocorp Limited - January, 2012
Event Update
Hero motocorp unveiled three models for 2012, after it divorced from Honda, its partner of 27 years. The company will also unveil its new petrol –electric hybrid scooter; developed without Honda DNA, by 2014 as per management. This new hybrid scooter would also be the first global product from company, as it is now free to sell bikes and scooter anywhere across world. The company unveiled a new 125 cc model Ignitor and 100 cc Passion x PRo to boost its presence in the 125-cc segment, these models are developed with technological support from Honda. Honda will provide technological support to Hero motocorp till 2014.

Hero move post increase in market share though shows short glimpse there seems lot of challenges lying before Hero Motorcorp which can make going tough for Hero Motors in coming quarters.

Management gave guidance of 10-12% growth, we believe it is unlikely looking at worsening economic condition due to higher inflation, higher interest rates.
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