Hero MotoCorp said the electric vehicle is in advanced stages and the product will be manufactured at its Chittoor plant in Andhra Pradesh.
see photosHero MotoCorp’s consolidated profit stood at Rs. 747.79 crore for Q2 FY2022
Hero MotoCorp reported a 22.4 per cent decline in consolidated profit at ₹747.79 crore for the second quarter of FY 2022. In comparison, the manufacturer had reported a profit of ₹963.82 crore in Q2 FY2021, the company said in a statement. The company’s revenue from operations stood at ₹ 8538.85 crore in the quarter between July and September 2021, as against ₹ 9473.32 crore during the corresponding period of the previous year. Hero Motocorp A total of 14.38 lakh units were sold during the last quarter. The company also announced that its first electric offering will come by March 2022.
Read also: Two-Wheeler Sales October 2021: Hero MotoCorp’s Sales Skid 32%
Niranjan Gupta, CFO – Hero MotoCorp, said, “Hero MotoCorp expects demand growth in the coming quarters as the economy continues to recover and recover. Positive economic cues, encouraging agricultural activities and increasing need for personal mobility again The momentum in the two wheeler industry is likely to start from Rs.
Hero MotoCorp’s first EV will be an electric scooter to be launched in March 2022
“Commodity prices, which have so far been impacting the margins of the industry, are showing some signs of softening as we move forward from here. Thanks to accelerated Leap-II savings programme, overheads management and prudent price hikes. Through this, we have been able to improve our margins and are expected to grow further sequentially,” he added.
Read also: Hero MotoCorp unveils upcoming electric scooter on the occasion of its 10th anniversary
Confirming details about the upcoming EV, Hero MotoCorp said that the electric vehicle is in advanced stages and the product will be manufactured at the Chittoor plant in Andhra Pradesh. Dubbed as the garden factory for its eco-friendly and sustainable manufacturing process, the company says the facility will provide an integrated ecosystem for battery pack manufacturing and testing, vehicle assembly and vehicle in line testing (EOL) .
0 notes
Hero MotoCorp has partnered with Gogoro of Taiwan to accelerate its EV development. The company is also working with Ather Energy for its connector technology. The first offering from the manufacturer will be an electric scooter and the company had teased the model earlier this year.
for the latest auto news And ReviewFollow carandbike.com Twitter, Facebook, and subscribe to our youtube Channel.
,