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Hero Motorcycles crosses 100-million milestone in cumulative production

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by Aparna Banerjea from https://www.livemint.com India’s largest two-wheeler maker Hero MotoCorp on Thursday announced that it has surpassed the 100-million (10 crore) mark in cumulative manufactured units with the launch of Xtreme160R. The launch took place from the company’s Haridwar facility, it added. “This is also the 20th consecutive year that Hero MotoCorp has retained the coveted title of the world’s largest manufacturer of two-wheelers,” the company said in a regulatory filing. The two-wheeler company also claimed that the launch of its latest bike is one of the fastest global achievements of the 100 million cumulative production mark, with the last 50 million units coming in a span of seven years. Hero MotoCorp is also the new authorised entity for sale and service of Harley-Davidson motorcycles in India after the American company exited its India business after ten years of presence. To mark the occasion, Pawan Munjal, Chairman & CEO, Hero MotoCorp, unveiled six special celebration edition models at the company’s manufacturing facility at Gurugram. The six celebration edition models include Splendor+, Xtreme 160R, Passion Pro, Glamour (motorcycles) and Destini 125, Maestro Edge 110 (scooters) – that will go on sale from February 2021. Munjal also outlined Hero MotoCorp’s plans and vision for the next five years. During this timeframe, Hero MotoCorp will aim to further consolidate its leadership position, expand its global footprint, launch products and also work on new innovative product concepts, the company stated. The two-wheeler manufacturing company will introduce over 10 products – including variants, refreshes and upgrades – every year – as a part of its five-year plan. “Hero MotoCorp also has a steep growth target for its markets outside India. It will continue to grow its operations in these markets and also enter key markets in new geographies,” the company stated. Road to 100 […]

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Harley’s ride with Hero may leave its dealers in the lurch

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by Lijee Philip from https://auto.economictimes.indiatimes.com Dealers point to the mid-sized bike Street, which accounted for 70-90% of sales in upcountry and metro markets and has been out of production for more than a month. Harley-Davidson, which exited India in September, may have firmed up a manufacturing and distribution agreement with Hero MotoCorp, but the fate of its 33 dealerships spread across metros and smaller towns remains unclear. Dealers point to the mid-sized bike Street, which accounted for 70-90% of sales in upcountry and metro markets and has been out of production for more than a month. A section of Harley-Davidson dealers said continuing with many recently opened showrooms may not be viable, especially in smaller towns and in metros including the National Capital Region and Bengaluru, which have several such outlets. “We would sell at least 20-25 motorcycles a month. Now, it is down to single digits. With no sight of Street coming back and the launch of a mid-size motorcycle from the Hero-Harley combine at least a couple of years away, dealerships feel they need to be compensated for the investments made or margins increased to sustain operations,” one of the oldest Harley-Davidson dealers said on condition of anonymity. “As stated in our earlier announcement, Hero MotoCorp will sell and service Harley-Davidson motorcycles, and sell parts and accessories and general merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers network in India,” a Hero MotoCorp spokesperson said in an email. “We don’t want to comment on anything further at this stage, as all specific details with regard to the transition process will be worked out in due course of time.” “We will get back as soon as we hear from the global team,” Harley-Davidson said. Dealers, still awaiting clarity from Harley-Davidson or Hero MotoCorp on the

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Hero MotoCorp to develop, sell Harley-Davidson bikes for India market

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from https://www.rushlane.com from https://motorcycles.einnews.com from https://www.business-standard.com from https://www.thehindu.com DELHI, India, Oct. 27, 2020 (GLOBE NEWSWIRE) — Embarking on a new journey together, Harley-Davidson, Inc. (“Harley-Davidson”), the legendary motorcycle manufacturer and Hero MotoCorp, the world’s largest maker of motorcycles and scooters in terms of unit volumes, today announced that the two will ride together in India. Per a distribution agreement, Hero MotoCorp will sell and service Harley-Davidson motorcycles and sell Parts & Accessories and General Merchandise riding gear and apparel through a network of brand-exclusive Harley-Davidson dealers and Hero MotorCorp’s existing dealership network in India. As part of a Licensing agreement, Hero MotoCorp will develop and sell a range of premium motorcycles under the Harley-Davidson brand name. These actions are aligned with Harley-Davidson’s business overhaul, The Rewire, and the company’s announcement in September to change its business model in India. This arrangement is mutually beneficial for both companies and riders in India, as it brings together the iconic Harley-Davidson brand with the strong distribution network and customer service of Hero MotoCorp. About Hero MotoCorp Ltd. The New Delhi (India) headquartered Hero MotoCorp Ltd. is the world’s largest manufacturer of motorcycles and scooters, in terms of unit volumes sold by a single company in a year — the coveted position it has held for the past 19 consecutive years. The Company has sold over 95 million motorcycles and scooters in cumulative sales since inception. Hero MotoCorp currently sells its products in more than 40 countries across Asia, Africa, Middle East, and South and Central America. Hero MotoCorp has eight state-of-the-art manufacturing facilities, including six in India, and one each in Colombia and Bangladesh. Hero MotoCorp has two world-class, state-of-the-art R&D facilities — the Centre of Innovation and Technology (CIT) in the northern Indian state of Rajasthan, and Hero Tech Centre Germany GmBH. Hero MotoCorp

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Harley in talks with Hero for distribution deal after exiting India

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by Aditya Kalra & Aditi Shah from Reuters and https://www.business-standard.com Harley, known for its heavy touring motorcycles, struggled in India mainly because of high import duties. Harley’s 33 dealerships will likely come under Hero’s management under the new arrangement, said one of the sources. Harley-Davidson Inc is in advanced talks with India’s Hero MotoCorp for a distribution deal which will allow the U.S. firm’s iconic motorcycles to be sold in India, after it stops local manufacturing there, three sources told Reuters. The Milwaukee-based company said on Thursday it will stop sales and shut its manufacturing plant in India, effectively abandoning the world’s biggest motorcycle market after a decade of unsuccessful efforts to gain a foothold. Harley however is in talks with Hero MotoCorp to enter into a distribution arrangement that will allow the Indian company to import and sell Harley bikes as its sole distributor, two sources with familiar with the talks said. “Hero will be the master distributor for Harley bikes in India … This will be a partnership, a strategic alliance,” said one of the sources, all of whom declined to be named as the discussions were private. Discussions are also ongoing to let Hero become a contract manufacturer for at least one Harley motorcycle with 300-600 cc engine capacity, which it will launch later, the first source added. The financial details of the deal were not immediately clear. Asked about talks with Hero, a Harley spokeswoman said the company can’t comment on “rumours or speculation”. On Thursday, it said it was “changing its business model in India & evaluating options to continue to serve customers.” Hero MotoCorp, which is the India’s largest two-wheeler manufacturer by sales, said it doesn’t comment on market speculation. It produced 6.4 million two-wheeler scooters and motorcycles in the fiscal year ending March

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Hero Ultra Sport electric motorcycle under development in Germany

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by Nithyanandh Karuppaswamy from https://www.rushlane.com The Hero e-US is expected to be unveiled at one of the high-profile events in foreseeable future Hero Electric and Hero MotoCorp are two different companies. Both are into manufacturing and selling of two wheelers in India. The former has only focused in electric vehicles, while the latter, which is India’s largest two wheeler brand, is yet to launch an electric vehicle. With electric vehicles the future, Hero Motocorp’s Technology Center in Germany (HTCG) is currently collaborating with the two wheeler giant’s Jaipur R&D HQ to develop a new premium electric motorcycle concept in addition to working on mainstream, cost-effective EV solutions. Hero e-US or Hero Ultra Sport Eectric According to a recent report by Moneycontrol, the powerful electric motorcycle concept which is currently under development by Munich-based HTCG is called the e-US (electric Ultra Sport). No additional information is available at this point but it is likely to be a design study to gather public opinion about a potential electric high-performance flagship. If we were to hazard a guess, the Hero e-US could be an edgy street fighter with performance levels equivalent to a conventional quarter liter motorcycle. Or it could even be offering higher levels of performance to match something like the Ultroviolette F77. The concept is expected to be showcased at a high-profile event when it is ready. The timeline is not clear as of now. Branding challenge for electric portfolio Speaking at the latest Annual General Meeting, Hero Motocorp’s chairman Pawan Munjal stated that the company is well on course with its plans to enter the promising electric two wheeler market in the country. He also added that the pure electric products that are being developed by Hero Motocorp are independent of its subsidiary Ather Energy’s products. It is to be

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Harley Courts Mahindra, Bajaj, and Hero For Indian Partnership

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by Dustin Wheelen from https://www.rideapart.com Harley-Davidson has been trying to find its way in a rapidly modernizing world for years now. In the saga’s latest installment, the Milwaukee-based brand ditched Matt Levatich and installed Jochen Zeits as the new President and CEO, changes have been swift and steady. From potentially nixing the Bronx to creating a Chief Digital Officer role, the new regime is implementing its Rewire plan without batting an eye. With the company projecting jobs cuts in 2020 and speculation that the Street lineup will bite the dust, many Indian outlet are reporting that Harley’s Bawal factory could soon shut down. As the MoCo shifts its Asia Pacific operations to Thailand, talks with Mahinda & Mahinda, Hero Motocorp, and Bajaj are only fueling more rumors about the American brand’s future in the country. Similar to KTM’s partnership with Bajaj or BMW’s TVS deal, the Bar and Shield could be seeking an affiliate to manufacture midsize motorcycles for the Indian market. Harley’s courters also include auto industry heavyweight Mahindra & Mahindra. As the owners of Classic Legends, the brand behind the Jawa revival and current BSA name-holders, the subsidiary could match the Motor Company’s retro aesthetic and satisfy its need for a global supply chain. We should note that spokespeople from all brands involved are refusing to comment on the potential partnerships at this moment, but the talks certainly align with Zeits’ cost-cutting efforts. While the brand plans to focus on high-potential segments and markets, a presence in India is key for global success. Harley seems to be moving forward with its China-exclusive model 338R, and a similar tactic could benefit the MoCo in India. We may be reading the tea leaves at this moment in time, but with cruiser sales continuing to dwindle in the U.S., Harley’s global

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Hero Motosports rally rider Paulo Goncalves dies at Dakar Rally

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from https://auto.economictimes.indiatimes.com from https://www.theguardian.com/ Portuguese rider Paulo Goncalves made his Dakar debut in 2006 and finished four times in the top 10 including a runner-up finish in 2015. Riyadh: Tragedy struck Hero MotoSports Team on Sunday as its Portuguese rider Paulo Goncalves met with a fatal accident during the seventh stage of the Dakar Rally. Paulo, aged 40, passed away from a fall sustained 276 kilometers into today’s special zone. “The organisers received an alert at 10:08 and dispatched a medical helicopter that reached the biker at 10:16 and found him unconscious after going into cardiac arrest. Following resuscitation efforts in situ, the competitor was taken by helicopter to Layla Hospital, where he was sadly pronounced dead,” Hero Motosport said in a release. Fondly known as ‘speedy Goncalves’, it was 13th Dakar for the Portuguese, one of the most experienced riders on the field. He made his Dakar debut in 2006 and finished four times in the top 10 including a runner-up finish in 2015 He has had an illustrious journey in the rally-racing world, including a series of remarkable performances at the world’s most prestigious rallies. He was crowned 2013 FIM Cross Country Rally World Champion. “Words cannot describe our shock and loss at this moment. It isn’t just a team, it is a family for us and we are devastated with the passing away of one of our members, Paulo Goncalves,” Wolfgang Fischer, Head of Hero MotoSports Team Rally said. “He joined the Team in April last year and within no time became an integral part of the Hero MotoSports Team family. He will be dearly missed and always be fondly remembered by us. “Paulo was a true champion, gentleman, reliable friend to everyone in the racing world and a role model as sportsman and personality. We extend

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Hero MotoCorp surpasses 25 million units landmark in cumulative production at Haridwar facility

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from https://www.equitybulls.com Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has crossed yet another milestone in its illustrious journey, with its manufacturing facility at Haridwar, in the northern Indian hill state of Uttarakhand achieving the unique distinction of surpassing 25 million units in cumulative production. The manufacturing facility, commissioned in April 2008, has achieved the milestone in just over 11 years of operation – an industry record. The Haridwar facility of Hero MotoCorp is also the world’s largest two-wheeler manufacturing plant with an installed capacity to produce 9500 vehicles per day. Speaking on the occasion, Mr. Vikram Kasbekar, Executive Director (Operations) and Chief Technology Officer, Hero MotoCorp said, “This is a significant milestone for not just our Haridwar manufacturing plant, but also the entire organization. The manufacturing practices that we follow at Hero MotoCorp have always set new benchmarks in the industry. The production of 25 million two-wheelers at our Haridwar plant in such a short period of time since its commencement of operation bears testimony to the dedication and competency of the team. We are grateful to all our valued customers, partners, investors, the state government of Uttarakhand and all other stakeholders for their continued support and faith in us..” Keeping Hero MotoCorp’s focus on sustainability, the Haridwar manufacturing facility has the world’s largest green-roof, spread over 4500 sq. mtr. The plant produces 1.95 MW of solar power, has zero liquid discharge and a lake for rain water harvesting. The plant produces Hero MotoCorp’s popular motorcycles – HF Deluxe, Splendor+, Splendor iSmart 110, Passion Pro and Passion 110. With a robust supply chain, it sources 75% (in value) of the parts from industries within Uttarakhand. Hero MotoCorp currently has seven globally benchmarked manufacturing facilities, including five in India and one each in Bangladesh and Colombia. The plants

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