Hero MotoCorp to introduce an all new 300cc performance oriented motorcycle, might go into production soon

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According to Autocar India, Hero MotoCorp is readying a 300cc motorcycle to go against the likes of KTM Duke390, KTM Duke250, and the bikes from TVS-BMW partnership like BMW G310 R , G310 GS and TVS Apache RR 310. The bike will be based on XFR3 concept showcased at Auto Expo 2016.

According to Autocar Professional’s(Autocar India sister magazine) sources privy to the project, the new motorcycle is in the final stages of validation. The new 300cc model, along with the incoming 200cc Xtreme and the XPulse adventure motorcycle (revealed at EICMA 2017), will sit atop all other products in Hero’s portfolio and will mark Hero’s foray into the growing mid-size motorcycle segment.

The new 300cc motorcycle will be positioned as the natural upgrade option for many of its existing customers who have been riding executive commuter motorcycles. Replying to Autocar India / Autocar Professional’s query on the sidelines of the EICMA Show in Milan in November 2017 on Hero MotoCorp’s plan of retaining its large customer base with new premium and aspirational products, Pawan Munjal, CMD, Hero MotoCorp, had said, “I am sure when you will see me after the Auto Expo, having seen this (the XPulse) and some of the products at the Auto Expo and the directional posture that Hero MotoCorp has taken, you will change your view. We are putting a lot of focus on some of the areas such as the high growth segments.”

Source: Autocar India

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Hero MotoCorp awarded Indian MNC of the year by All India Management Association

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Mr. Pawan Munjal, Chairman, MD & CEO, Hero MotoCorp Ltd,was today felicitated by the All India Management Association (AIMA) for the rapid global expansion of Brand Hero.

Hero MotoCorp, the world’s largest two-wheeler manufacturer, was adjudged the ‘Indian MNC of the year’ by AIMA at a glittering function in the national capital today.

Receiving the award, Mr. Munjal said “Brand Hero has expanded to 35 countries spread across Asia, Africa and Central and South America in a very short span of time since charting its solo journey in 2011.  We added Argentina, the second largest two-wheeler market in Latin America, to our international footprint in January this year, where we also unveiled the new Glamour motorcycle in our first global product launch.”

Hero MotoCorp, which sold more than 6.6 million two-wheelers in FY’17, is the only Indian two-wheeler company to have a manufacturing facility in Latin America. Hero’s manufacturing plant is situated at Vila Ricca in Colombia

Hero is also set to open its second global manufacturing facility in Bangladesh later this year.

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Hero MotoCorp to phase out all the models under licensing agreement with Honda

Ignitor, Impulse, Passion xPro, Maestro are going to be phased out by April 2017

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India’s largest two-wheeler maker, Hero MotoCorp will terminate sales of some of its models like the Maestro, Ignitor, Impulse and Passion xPro which were acquired under a licensing agreement with former partner Honda. The discontinuation will happen by the end of the current financial year.

According to Hero, they has achieved a significant milestone by launching the all-new Splendor iSmart 110. The automaker believes it has sufficient capability to develop new products for global customers. Hero has already got the Maestro Edge to replace the older version of the Maestro while sales of two-wheelers like the Ignitor, Impulse and Passion xPro is limited.

Recently the company launched its first in-house designed and developed motorcycle, the Splendor iSmart 110, which has a price tag of Rs. 53,000/- (ex-showroom, Delhi). Also, the company is looking at replacing its old models with new models developed on its own new technology.

The Hero Splendor iSmart 110 comes with an all-new engine developed at the company’s innovation centre in Jaipur. Hero MotoCorp has designed the new chassis and body for the new Splendor which results in savings on royalty payments to Honda.

The world’s largest selling 2-wheeler brand is planning to enter 50 new markets while setting up 20 manufacturing facilities across the globe, targeting an annual turnover of Rs. 60,000 crores by the end of this decade. However, due to some uncertain economic conditions in Africa, Latin and Central America, Hero MotorCorp has been facing some heat in its global ambitions.

Hero MotoCorp to phase out models made under agreement with Honda: Pawan Munjal

The company is looking at replacing its existing products as well as introducing new ones developed with its own technology.

via Hero MotoCorp to phase out models made under agreement with Honda: Pawan Munjal — Auto-Industry-The Economic Times