- Hero Motocorp’s stock surges by 3.15% on its 40th anniversary
- New launches: Xtreme 125R and ‘Hero Forever’ collector’s edition
- Maverick 440 unveiled at Centre of Innovation and Technology (CIT) in Jaipur
- Xtreme 125R available in two variants at Hero dealerships
- Stock trading at Rs 4,530, up 2.9% from the previous close
- Nearly 64% return in the last year, outperforming the Nifty
- Expansion into Nepal with a new facility for assembling products
- Manufacturing facility in Nawalpur district, Nepal, with a 75,000-unit annual capacity
- Operations set to commence at the Nepal facility in March 2024
- Hero MotoCorp, present in Nepal since 2014, has become a prominent player
MotoCorp Xtreme 125R and the ‘Hero Forever’ Collector’s Edition :
Hero Motocorp Limited’s stock price rose 3.15 percent to Rs 4,540 in afternoon session on January 23. According to CNBC TV-18, the announcement of two thrilling debuts – the Xtreme 125R and a special collector’s edition dubbed ‘Hero Forever’ – sparked the spike.
Revolutionary Xtreme 125R hits the roads :
The brand-new Xtreme 125R is now available at Hero MotoCorp dealerships in two attractive models, priced at Rs. 95,000 for IBS and Rs. 99,500 for ABS. This new addition to their inventory promises an exciting ride with cutting-edge features that cater to the different interests of the bicycling community
Exclusive ‘Hero Forever’ Collector’s Edition Revealed :
Hero MotoCorp unveiled a unique collector’s edition titled ‘Hero Forever’ to commemorate their 40th anniversary. This one-of-a-kind version represents the company’s decades-long history and commitment to its clients. The limited availability of this collector’s edition is likely to generate excitement among fans and collectors alike.
Maverick 440 Unveiled at the Centre for Innovation and Technology :
During the festive season, the business debuted the Maverick 440 at its Centre of Innovation and Technology (CIT) in Jaipur. The Maverick 440, which promises innovation and cutting-edge technology, is expected to make a name for itself and will be offered in Hero MotoCorp’s flagship showrooms.
Stock Soars, Financial Performance :
As of 1:40 p.m., Hero MotoCorp’s stock was trading at Rs 4,530, up 2.9 percent from the previous closing on the NSE. Impressively, the stock has returned 64 percent in the last year, exceeding the Nifty index easily.
Driving Growth Beyond Borders :
The upbeat attitude around Hero MotoCorp goes beyond new product introductions. The company has announced a major move: the development of a product assembly facility in Nepal in conjunction with CG Motors. Hero first entered the Nepalese market in 2014, and this expansion demonstrates the company’s dedication to maintaining a strong presence in the region.
Accelerating operations in Nepal :
Hero MotoCorp plans to open a manufacturing facility in Nawalpur district, Nepal, with an annual capacity of 75,000 units. The operational launch is scheduled for March 2024. This move demonstrates Hero’s commitment to the Nepalese market, where it has emerged as a major player since its inception in 2014.
Conclusion :
Hero MotoCorp’s rising trajectory for its 40th anniversary is defined by not only the introduction of exciting new motorcycles, but also strategic expansions into overseas markets. The Xtreme 125R, ‘Hero Forever’ collector’s edition, and Maverick 440 all reflect the company’s dedication to innovation, quality, and customer pleasure. As Hero MotoCorp expands its offerings and reach, the future looks bright for both the firm and its shareholders.