Hero Honda Two Wheeler Insurance

News About Hero Honda Two Wheeler Insurance

• 2021 Honda CB1000R to be unveiled on 10 November

  Japanese automaker Honda has recently teased their upcoming motorcycle the 2021 Honda CB1000R. The bike is scheduled to be unveiled on 10 November 2020.

  In terms of the design, the motorcycle will come with some minor revamps and will be Euro 5 and BS VI compliant. The teaser shows the headlamp and the side profile of the motorcycle. The details in regard to the power of the motorcycle have not been teased yet. However, it is expected that the bike will continue to draw its power from the 998 cc, inline four cylinder engine which is found in the outgoing models of the bike. The current engine churns out about 145.48 hp of max power at 10,500 rpm and about 104 Nm of peak torque at 8,250 rpm. There might, however, be a slight change in the power outputs. The price tag on the outgoing model is Rs.14.46 lakh (ex-showroom) at the Honda BigWing dealerships. The updated price of the 2021 model of the Honda CB1000R will be known on 10 November 2020.

  

  4 November 2020

• Hero MotoCorp to launch the BS VI Hero Maestro Edge 110 in India

  Hero MotoCorp has recently added the Hero Maestro Edge 110 BS VI compliant scooter to their official website. The engine powering the scooter is the same engine which is found on the BS VI compliant Hero Pleasure Plus.

  The specifications of the new Maestro Edge 110 have been revealed. It also comes with revised decals now. The price, however, has not been announced by the automaker yet. The updated scooter will now use fuel injection and will make 8.16 hp of max power and 8.75 Nm of peak torque. These power figures are almost identical to the ones which were churned out by the BS IV variant of the scooter. Once launched, the Hero Maestro Edge 110 BS VI variant will be locking its horns against the likes of the Honda Activa 6G which is priced at Rs.65,419 (starting) and the TVS Jupiter which starts at a price of Rs.63,552.

  

  24 September 2020

• Hero faired motorcycle spied without any disguise

  It has been more than 5 years that Hero MotoCorp had revealed their Hastur concept and the HX250R at the 2014 Auto Expo. Recently, a video has surfaced online which shows a Hero motorcycle without any disguise. The motorcycle seems to be based on the HX250R.

  The motorcycle has been spotted sporting a red color without any stickers. However, there were minor ABS stickers on the front fork and a Hero badge. Although the mechanicals of the motorcycle cannot be figured out, experts are expecting the motorcycle to be powered by the same 199.6 cc, single cyinder engine that currently powers the Hero Xtreme 200R. This will make this new motorcycle a completely faired version of the Hero Xtreme 200R. The motor on the Xtreme 200R is clubbed with a 5-speed gearbox and is capable of churning out 18.4 hp of max power and 17.1 Nm of peak torque. Experts are also of the opinion that the new motorcycle might have a retuned engine. In addition to that, they also believe that the automobile maker might consider powering this motorcycle with a fuel-injected engine which is yet to make its debut in the upcoming Hero XPulse.

  

  17 April 2019

• Hero MotorCorp Invests in Electric Scooter Start-up

  Hero MotoCorp has made an Rs.180 crore investment in electric scooter company Ather Energy. The investment gives Hero almost 30% stake in the start-up, according to sources.

  Ather has designed and built India’s first electric scooter, called the S340. The scooter can run at a top speed of 72 kmph and can run for around 60 km on one charge.

  The scooter comes with a rechargeable battery that can be charged in an hour.

  A Hero MotoCorp spokesman stated that the company is looking to invest in new technologies in the two wheeler market and hopes to maintain its position as one of the top companies in the segment.

  It remains to be seen how this move would impact the two wheeler and two wheeler insurance market.

  

  11 November 2016

• Hero MotoCorp hits record sales figures

  Hero MotoCorp, the largest two wheeler manufacturer in the country, has hit record sales figures for the month october.

  The company delivered over 6.63 lakh two wheelers in the month of October alone and clocked the best sales number for the third month in a row.

  According to sources, the firm dispatched 6,63,153 units in october as opposed to 6,74,961 in September and 6,16,424 in August this year.

  Hero credits to the surge in numbers to the festive season, particularly Dhanteras which inspired more people to buy motor vehicles. A good monsoon in various Indian villages too has contributed to the rise in sale numbers for the company.

  The firm also pointed out that as the festive season drew to a close, dealer inventories have hit normal levels as they were before the holidays. This surge in sales has enabled Hero to record a growth of 15.8% for the quarter ending in September.

  

  10 November 2016

• Hero MotoCorp Funds Ather Energy

  As per a recent development, Hero MotoCorp has decided to invest Rs.205 crore on a company named Ather Energy. It is a start-up specialized in electric vehicles. It is based in Bengaluru. Last February, they had already launched a model named Ather S340. According to Tarun Mehta (co-founder), the scooter will be available for the public from early next year onwards. It has a console which is equipped with lot of functional apps. On full charge, it can run up to 100 km. The company has even bought a space in Whitefield for its production. There is also a need of more charging stations all across the country.

  

  7 November 2016

• Hero Honda Posts Sales growth of 32% for September

  Hero Honda has posted over 32% growth for the month of September. The company released a statement confirming it had sold over 5,69,011 units in September 2016 compared to 4,30,724 units for the same period last year.

  The figures mark the best monthly sales the company has posted, with the scooter division posting an increase of over 35%.

  The motorcycle division showed sales growth of 25%, with 1,84,007 units were sold in September 2016, compared to 1,47,227 units in the previous year.

  The spurt in sales have been attributed to a number of factors such as good monsoon, the implementation of a unified pension scheme for armed forces veterans and the recent Central Pay Commission revision.

  The company also posted record export figures for September, with exports growing at 53.75% compared to the previous year.

  The rise in the number of two wheelers being sold also spells good news for two wheeler insurance providers, who are looking at a windfall this season.

  

  6 October 2016

• E-Bikes with Lithium-Ion Batteries to be Launched by Hero

  India’s biggest e-bike manufacturer, Hero Electric, joins the long list of companies to jump on the e-commerce bandwagon in an effort to grow quicker. So far, the company has been rather sluggish so far as their two-wheeler sales are concerned, and the company hopes to record better sales by ensuring that the logistics providers are convinced to substitute polluting petrol bikes with the new vehicles which come with the lithium-ion battery. The company is currently conducting talks with major e-commerce companies such as Amazon after signing a deal with a logistics player based out of Noida.

  

  23 September 2016

• Hero MotoCorp Increasingly Optimistic about Two-Wheelers

  Consumption-driven industries such as auto have experienced better sentiment over recent months thanks to the Pay Commission implementation in addition to a decent monsoon. Hero MotoCorp, for instance, hit record highs in September 2016 so far as their shares are concerned, and the company’s managing director and chairman, Pawan Munjal, recently revealed that the company which was “cautiously optimistic” about proceedings is now “more optimistic” as sales are expected to increase in coming months. With two-wheeler sales on the rise, the sale of two-wheeler insurance is also expected to rise as we head into 2017.

  

  21 September 2016

• Profits of Hero MotoCorp increases by 18% in Q1

  The automobile industry in India has seen steady growth over the last few years, with companies registering strong performances. Hero MotoCorp, which is one of the biggest names in the two-wheeler industry of the country has been a dominating force, growing to become the largest manufacturer of two-wheelers in the world. Profits of this market leader grew by 18.13% in the quarter ending June, with this net profit equivalent to Rs. 883.10 crore. This is a 5.8% growth compared to the previous quarter.

  The overall revenue of the company stood at Rs. 8,010.66 crore, a jump of 7.73% over the previous year, but a drop of 1.23% over the last quarter. The EBIDTA or earnings before interest tax depreciation and amortisation stood at Rs. 1,230.08 crore, an increase of 18.04% over the previous year. An improved result was observed even in the operating profit margin, which stood at 15.35%, an increase of 1.34% over the previous year. A total of 17.45 lakh two-wheelers were sold in the quarter, an increase of close to 1 lakh units compared to the same time last year, making it the best quarter in terms of total sales volume.

  The 125cc market saw a major chunk of sales, with the Super Splendour and Glamour holding fort for the company. Good monsoons and the introduction of the 7th pay commission contributed to the growth in sales, with the company expecting its growth trajectory to grow into the next quarter.

  

  8 August 2016