Hero MotoCorp gets demand notice from the Income Tax Department for alleged violations for assessment years ranging from 2013-14 to 2017-18 and 2019-20.
Hero MotoCorp expanded its premium motorcycle range with Xtreme 125R, Xtreme 200S, Xtreme 160R 4V, Harley-Davidson X440, Karizma XMR and the Mavrick 440.
Hero Motocorp Shares: In Q3, Hero MotoCorp saw a 3% sequential volume growth, accompanied by a stagnant average selling price, resulting in a 3% increase in operating revenue to INR 19,724 crore. While the gross margin expanded by 130 basis points to 32.7%, higher marketing expenses for electric vehicles restrained the benefit at the operating profit level.
Bikes News: Hero MotoCorp has revealed that it plans to launch a ‘slew of new premium motorcycles’, meaning that the Mavrick 440 is only the first of many more ne