Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
July 23, Monday 2018 1:56 AM       

       HEADLINES: CPM set to expand LDF                                              Man stabs son to death                                              Security beefed up at nun’s convent, interrogation of bishop delayed                                              Withdrawing novel an embarrassment for Kerala, says Chennithala                                              VS discharged from hospital                                              Three militants killed in Kashmir encounter                                              Two arrested for killing sister-in-law                                              Herald case: Vora moves court seeking to restrain Swamy                                              Actor Siddharth Shukla's BMW rams into three cars                                              BJP submits privilege notice against Rahul Gandhi for 'misleading' Parliament                                              Lawyers meet jailed Sharifs                                              One dead in US supermarket shooting, suspect arrested                                              Israel's LGBT community protests for fathers' surrogacy rights                                              Key to Root's ODI success was picking Kuldeep from his hand: Tendulkar                                              Bumrah's surgery in England ‘not a great success’, fitness before Tests in doubt                                              Kaumudi Facebook
       AUTOMOBILE Next Article: Maruti overtakes Infosys, ONGC in market capitalisation  
       Hero MotoCorp phases out select models, variants
 
         Posted on :17:53:21 Jun 10, 2017
   
A A
       Last edited on:17:53:21 Jun 10, 2017
         Tags: Hero MotoCorp, select models, variants
 
NEW DELHI: Country's largest two wheeler maker Hero MotoCorp has phased out different models and variants as part of its plans to realign product portfolio to focus on premium bikes and scooters for future growth.
 
The company has discontinued Ignitor, Hunk and HF Dawn models while it has already stopped selling of variants such as Maestro scooter, Passion Xpro, Splendor Pro Classic and Karizma R motorcycles in the recent months.
 
Confirming the development, a senior company official told PTI: "We are currently in the process of realigning and consolidating our product portfolio with an enhanced focus on scooters and the premium segment."
 
In-line with this strategic approach, the company has already introduced four new versions of existing models -- Glamour, Maestro Edge, Duet and Pleasure, he added.
 
The company, which already has over 50 per cent market share in 100 cc and 150 cc bike segments, is planning to launch half a dozen new products in the current fiscal.
 
"Two will be introduced in the market leading up to the festive season in September. Following these, we will launch an all-new 200cc motorcycle around the Auto Expo 2018," the company official said.
 
The company is confident of maintaining its growth trajectory in the coming months, he added.
 
Also Read: ​ Hero MotoCorp, TVS Motor jump up to 6% on sales data
 
In 2016-17, the company reported sales of 66,63,903 units, the company's highest-ever sales in a financial year. It had sold 66,32,322 units in 2015-16.
 
The company is increasingly facing competition from erstwhile partner Honda in the domestic market.
 
In August 2013, the company had announced plans to enter 50 markets by 2020 with a target of 20 manufacturing units across the globe and an overall annual turnover of Rs 60,000 crore.
 
It has also set a cumulative sales target of 100 million units by 2020, having crossed the 50 million milestone in 2013.
A A
       AUTOMOBILE
Next Article: Maruti overtakes Infosys, ONGC in market capitalisation
 
 
AUTOMOBILE HEADLINES
Passenger vehicle sales rise 38% in June; car sales up 34%  
Hyundai crosses 8 mn cumulative production milestone in India  
India could have 10 million CNG vehicles on roads by 2025: Report  
Apple signs deal with Volkswagen for driverless cars  
Toyota Yaris launched at a starting price of Rs. 8.75 lakhs  
Honda drives in new Amaze; to launch six new models in three years  
Tesla sets up Shanghai firm as it expands China presence  
Volkswagen to recall 410K cars over faulty seat belts  
Terra Motors raises 10 million dollar fund to expand in Asian market  
CarToq emerges as the largest, most-engaged automobile platform in India  
Favourable taxation structure pre-requisite to launch EVs in India: Mercedes  
Toyota to build test track for self-driving cars  
Skoda eyes up to 10% growth in 2018  
China considering cutting duty on imported cars by about half  
Triumph Motorcycles India eyes 10% growth  
Dream job: Harley-Davidson interns get a free motorcycle  
BMW expects 50% of sales in India to come from X series SUVs  
First years’ service for smallest Rolls-Royce  
Volvo Cars plans to assemble two more models in India this year  
Toyota plans to hike vehicle prices next month  
China to lift foreign ownership limits on automakers  
VW's new CEO asserts authority as sets out on road to reform  
Paris Motor Show 2018 to be trendsetter in showcasing futuristic technologies in automobile space  
Mahindra Electric, Zoomcar partner to offer self-drive EVs on rent  
Ford could make electric cars in Germany after 2023  
 
Do you support women's entry in Sabarimala?
Yes
 
No
 
Don't Know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy