
Hero, Eicher Motors, Bajaj Auto shares hit 52-week high on robust Nov sales
In November, Eicher Motors sold 80,251 units of Royal Enfield motorcycles, up 13%, as against 70,766 units in the same period last year.
In November, Eicher Motors sold 80,251 units of Royal Enfield motorcycles, up 13%, as against 70,766 units in the same period last year.
JP Morgan raised the target price of Bajaj Auto from ₹6,100 to ₹6,400, whereas the target price for Hero MotoCorp has been revised from ₹3,500 to ₹3,750.
The company reported a 47% year-on-year increase in profit after tax to ₹1,054 crore in the July to September quarter of FY24.
Delhi police this week filed an FIR against some Hero MotoCorp officials on charges of "forgery, cheating and falsifying the books of accounts" valued at ₹5.9 cr
According to reports, Delhi Police has filed a case against Munjal alleging forgery, cheating and falsifying the books of accounts valued at ₹5.96 crore.
Prior to the proposed investment, Hero MotoCorp's shareholding in Ather stood at 33.1%.
The country's largest two-wheeler manufacturer, which launched Vida 1 electric scooter in December last year, plans a presence in atleast 100 cities in terms of EVs by December
The company launched Harley Davidson X440 on July 4 this year, marking its foray into the 440cc bike segment in India.
Hero, Bajaj, Yamaha and TVS work on taking market share from Royal Enfield
This comes a day after the agency conducted raids under the Prevention of Money Laundering Act (PMLA) across 12 locations in Delhi and Gurugram of Hero MotoCorp