Honda Motorcycle & Scooter India (HMSI) President, Managing Director and CEO Atsushi Ogata said many companies were entering the EV segment as the government was supportive of investments in the green infrastructure.
Synopsis
Pawan Munjal-led Hero MotoCorp is the market leader in internal combustion engine motorcycles and scooters, and has recently announced its foray into EVs. Hero Electric, run by Naveen, has claimed that only his branch of the broader Munjal family has the right to use the term ‘Hero’ for electric products, and no other family member has that right.
Hero MotoCorp has plans to launch its first EV in the fourth quarter of this fiscal.
Differences seem to be brewing between two factions of the Munjal family, with a top source close to the Pawan Munjal branch saying the decade-old ‘family agreement’ of the Munjals does not place curbs on
Hero MotoCorp Scooters and Motorcycles to Get a Price Hike Effective from July msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Hero MotoCorp gains on planning to launch electric model next year
Hero MotoCorp is currently trading at Rs. 2836.35, up by 25.35 points or 0.90% from its previous closing of Rs. 2811.00 on the BSE.
The scrip opened at Rs. 2849.50 and has touched a high and low of Rs. 2849.50 and Rs. 2813.65 respectively. So far 2792 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 3628.55 on 18-Feb-2021 and a 52 week low of Rs. 1992.60 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 2878.00 and Rs. 2801.10 respectively. The current market cap of the company is Rs. 56160.94 crore.