Pawan Munjal

Auto industry unanimous on its demand for immediate GST reduction on automobiles to 18%: SIAM

The auto industry is unanimous on its demand for an immediate GST reduction on automobiles to 18 percent, SIAM said on Friday

Hero MotoCorp revamps leadership team; appoints Vikram Kasbekar as chief technology officer

The country's largest two-wheeler maker Hero MotoCorp on Tuesday announced organisational changes, with Vikram Kasbekar taking over as new chief technology officer (CTO)

Hero MotoCorp pitches for 18% GST on two-wheelers from current rate of 28%

"Given that two-wheelers provide basic mobility to the masses, there is an urgent need to reduce the GST rate on two-wheelers from the 28 percent bracket of ‘luxury goods' to that of 18 percent for mass usage items," Hero MotoCorp Chairman Pawan Munjal said

Ola to invest $100 mn in Indian scooter sharing startup Vogo; fund to be used for fleet expansion

Vogo, which provides services in the southern Indian cities of Bengaluru and Hyderabad, will use the money to expand its fleet by 100,000 scooters.

Virat Kohli named Hero MotoCorp brand ambassador, new innings to begin with promotion of Xtreme 200R premium bike

On his association with the company, Virat Kohli said, "Millions of young boys and girls of my generation have grown up riding Hero motorcycles and scooters and it is, therefore, a unique and special feeling to associate with this brand".

Hero MotoCorp Q1 net profit down marginally at Rs 909.17 cr on higher commodity prices, tax expenses

During the quarter, Hero MotoCorp sold 21,06,629 units of two-wheeler as against 18,53,647 units in the year-ago period

Hero MotoCorp plans new launches in September-October; eyes double-digit growth

Hero MotoCorp is also betting on good agricultural harvest on account of the normal monsoon across the country to drive market demand

Hero MotoCorp expects double-digit growth for global business in FY19 on the back of new launches

Hero MotoCorp which is planning to enter Mexico next year, has also started export of motorcycles and scooters to other countries in Latin America

Hero MotoCorp Q4 net profit up 35% at Rs 967 crore; net profit for FY18 stands at Rs 3,697 crore

Hero MotoCorp on Wednesday reported 34.78 percent increase in net profit at Rs 967.40 crore for the fourth quarter ended 31 March

Hero MotoCorp's standalone Q4 net profit declines 14% on year to Rs 718 cr

Hero MotoCorp has planned a CAPEX (capital expenditure) of around Rs 2,500 crores up to FY19 towards new product development, digitisation, phase-wise capacity installation and expansion