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    500182   INE158A01026

HERO MOTOCORP LIMITED

(500182)
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Hero MotoCorp : India's Hero Motocorp to raise vehicle prices to offset commodity costs

09/16/2021 | 09:30am EDT
FILE PHOTO: An employee works on a motorbike inside a Hero MotoCorp service station in Ahmedabad

BENGALURU (Reuters) - India's Hero Motocorp Ltd said on Thursday it would increase prices of its motorcycles and scooters by up to 3,000 rupees ($40.81), starting Sept. 20 to offset the impact of increasing commodity prices.

The exact quantum of increase will depend on the model and the market, Hero said.

This was the two-wheeler maker's third price hike in a year following revisions in April and July.

Higher steel prices have hit auto makers and have forced them to pass on the price hike to customers.

India's top carmaker, Maruti Suzuki Ltd, had hiked prices five times this year, while Tata Motors Ltd and Mahindra and Mahindra Ltd have also increased prices.

Hero said it remains optimistic about demand as it gears up for the upcoming festive season in the country.

($1 = 73.5170 Indian rupees)

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Maju Samuel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HERO MOTOCORP LIMITED -2.13% 2686.35 End-of-day quote.-13.60%
TATA MOTORS LIMITED -2.27% 479.75 End-of-day quote.161.16%
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Analyst Recommendations on HERO MOTOCORP LIMITED
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Financials
Sales 2022 352 B 4 685 M 4 685 M
Net income 2022 32 545 M 433 M 433 M
Net cash 2022 93 679 M 1 248 M 1 248 M
P/E ratio 2022 16,4x
Yield 2022 3,89%
Capitalization 537 B 7 153 M 7 149 M
EV / Sales 2022 1,26x
EV / Sales 2023 1,06x
Nbr of Employees 8 793
Free-Float 63,5%
Chart HERO MOTOCORP LIMITED
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Hero MotoCorp Limited Technical Analysis Chart | 500182 | INE158A01026 | MarketScreener
Technical analysis trends HERO MOTOCORP LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 2 686,35 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Pawan Kant Munjal Chairman & Chief Executive Officer
Niranjan Gupta Chief Financial Officer
Vikram S. Kasbekar Chief Technical Officer & Executive Director
Michael J. P. Clarke Chief Operating & Human Resources Officer
Neerja Sharma Secretary & Chief Compliance Officer
Sector and Competitors
1st jan.Capi. (M$)
HERO MOTOCORP LIMITED-13.60%7 315
BAJAJ AUTO LIMITED10.30%14 924
YAMAHA MOTOR CO., LTD.49.00%9 652
EICHER MOTORS LIMITED1.20%9 524
HARLEY-DAVIDSON, INC.0.55%5 677
YADEA GROUP HOLDINGS LTD.-16.10%4 960