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New Delhi, <keyword id="6357252" type="General" weightage="20" keywordseo="Hero-MotoCorp" source="Orion">Hero MotoCorp</keyword> on Thursday said it recorded highest-ever sales in a festive season by retailing more than 14 lakh two-wheeler units in the 32-day period this year. The country's largest two-wheeler maker achieved the sales mark between the first day of the Navratras and Bhai Dooj on November 15. Riding on robust demand across rural markets as well as steady retail off-take in key urban centres, the company registered a 19 per cent growth over the previous year, and surpassed its previous highest retail of 12.7 lakh units which was recorded in the festive period of 2019, Hero MotoCorp said in a statement. "Our strong portfolio of brands, scale of distribution and new launches done this year have helped in driving this growth across geographies," Hero MotoCorp CEO Niranjan Gupta said. The festive season is a clear testimony that rural is coming back to growth, which augurs well for the country in general and the two-wheeler industry in particular, he added. Hero MotoCorp Chief Business Officer (India Business Unit) Ranjivjit Singh said the record retail number was achieved due to the strong customer traction across markets, with good double-digit growth in the Central, North, South and East zones. The robust customer demand in the rural markets, in addition to the very positive sentiments in key urban centres, drove this record retail sales, he added. "With this robust retail sales, our post-festive channel inventory has now come down to its lowest level in more than three years. This has set us on a steady growth path for the rest of the fiscal year," Singh noted.

Hero MotoCorp logs highest-ever retail sales of over 14 lakh units in festive season

Best selling bikes and scooters in India in 2023

New Delhi, <keyword id="6357252" type="General" weightage="20" keywordseo="hero-Motocorp" source="Orion">Hero Motocorp</keyword> share price slumped more than 4 per cent after the Enforcement Directorate carried out searches at the residence of company Chairman <keyword id="87849" type="General" weightage="20" keywordseo="Pawan-Munjal" source="Orion">Pawan Munjal</keyword>. <keyword id="7029" type="General" weightage="20" keywordseo="Hero" source="Orion">Hero</keyword> Motocorp share was trading at Rs 3,066, down 4.3 per cent on BSE. In troubles for Hero Motocorp chairman Pawan Munjal, the Enforcement Directorate (ED) on Tuesday carried out searches at his residence and several other locations. According to ED sources, the agency sleuths carried out searches at the premises of Munjal and 10 others. The source said that the financial probe agency action was based on the complaint by the Directorate of Revenue Intelligence (DRI) case against Munjal. The DRI team had found foreign currency from Munjal's premises, the source claimed. However, the officials of the ED remained tight-lipped on the case and searches against Hero Moto Corp chairman. san

Hero Motocorp stock slumps after ED searches at Pawan Munjal's residence

<ul><li>The CEO said that <keyword id="132519" type="General" weightage="100" keywordseo="harley" source="Orion">Harley</keyword> wants to bring its big bikes into the market without having to pay huge customs duty.</li><li>Zeitz agrees that the premium mid-segment is growing fast in the country.</li><li>The company has been phasing out, reducing its product complexity by more than a third.</li></ul> Harley-Davidson is banking on the partnership with <keyword id="6357252" type="General" weightage="30" keywordseo="hero-motocorp" source="Orion">Hero MotoCorp</keyword> to offer locally-produced premium models in the country, according to company's Chairman, President and CEO <keyword id="304983" type="General" weightage="60" keywordseo="jochen-zeitz" source="Orion">Jochen Zeitz</keyword>. India imposes 50 per cent customs duty on imported fully built up bikes, which makes the American cult bike-maker feel that partnering with Hero has turned out to be a good decision after deciding to exit its manufacturing operations in India three years back. In an interaction with PTI, Zeitz noted that the tie-up with Hero MotoCorp is allowing the Milwaukee-based bike maker to go for "volume opportunities" by introducing a competitive product in the Indian market. "And (there is) a lot of upside with much greater manufacturing capability that Hero brings in and the willingness to invest into the business, to really build us up as a brand. So, I would say it is the right decision," he said. Zeitz noted that the company would like to get its big bikes into the market without having to pay huge customs duty. "That (high customs duty) is the downside. But <a href="https://www.businessinsider.in/business/auto/news/harley-davidson-x440-launched-in-india-with-a-price-tag-of-2-29-lakh/slidelist/101474727.cms" data-type="tilCustomLink" target="_blank">X440 is made in India</a>. It does not have tariffs, so that's a positive for those who want to get an experience of the Harley brand," he said. Last week, Harley and Hero introduced their first co-developed product in India -- Harley-Davidson X 440 -- with price starting at Rs 2.29 lakh. The bike is being produced by Hero MotoCorp at its Neemrana-based plant. Harley-Davidson had announced to discontinue sales and manufacturing operations in India in September 2020. Before that it had an assembly plant at Bawal in Haryana. In October 2020, Hero MotoCorp and Harley-Davidson announced a partnership for the Indian market. ALSO SEE: <a href="https://www.businessinsider.in/business/auto/news/triumph-speed-400-and-scrambler-400-x-bike-unveiled/slidelist/101329459.cms" data-type="tilCustomLink" target="_blank">Triumph Speed 400 and Scrambler 400X hit Indian roads to heat up competition</a> The deal envisaged Hero MotoCorp developing and selling a range of premium motorcycles under the Harley-Davidson brand in the country. It is also entrusted to take care of service and parts requirements for Harley bikes. Asked if the iconic brand could make a comeback in the Indian market if the tariff issue gets resolved in future, Zeitz said: "That's for the politicians to think. I mean, in theory, why would you have to pay such a tariff for a bike that comes into India versus a bike that goes into the US? When asked if the partners planned to bring in more models in the country, Zeitz said the focus is currently on making the X440 successful in the Indian market. "The more successful it is, the more opportunity we will have," he noted. On Harley utilising India as a manufacturing base for export markets, Zeitz said: "We were manufacturing our 750cc also for the international market, so I am not ruling that out." He further said:"But right now, the focus is really to make sure that the product is successful in India - one important cornerstone is to get X440 to be a success in India, from there we can build and come up with other ideas." When asked if X440 would be shipped to overseas markets, he said: "It is not something we are discussing right now." On the company's plans to introduce Harley Originals, its apparel range in India, Zeitz said: "That's the opportunity down the road I would certainly look into. We have invested a lot into our apparel operation in Milwaukee in America. " The company sees a lot of potential in the segment, he said. Commenting on the evolution of the high-end bike segment in India, Zeitz said the premium mid-segment is certainly a growing segment in the country. He noted that Harley's core segment is 975 plus cc bikes. "But in terms of sales opportunity, that is still a relatively small segment in India due to the price it carries, and obviously amplified by the import duties that make it even more expensive than if you would buy a bike in America, for example," Zeitz said. He noted that eventually the bigger bike segment will also grow in the country but affordability will obviously be an issue if tariffs continue to be as high as they are at the moment. There is a growing middle class who wants to afford more premium and luxury products. "We have seen that happening in China, and I am sure we will see the same thing happening in India," he noted. Elaborating on the company's strategy across global markets, Zeitz said the company is focusing on the core segments that are providing the return on investment. The company has been phasing out, reducing its product complexity by more than a third, he added. "In return, our profitability has gone up dramatically in the last three years as a company. So, I know that this industry is obsessed with unit sales and I am obsessed with profitability," Zeitz said. So, for the company the mandate is to make sure that it focuses on those segments where "Harley is truly Harley" and those are also the most desirable and most profitable segments, he added. Zeitz noted that both China and India were growing very fast. "I look at the two most populous markets in the world as an opportunity and you need to think long term, right. You build your roots now in order to grow with the economy and which is why we are here really," he said. Harley has decided to work with local partners in the markets where it does not have the local know-how, Zeitz added. Asked about <keyword id="6357453" type="General" weightage="50" keywordseo="harley-davidson" source="Orion">Harley Davidson</keyword>'s electric vehicle strategy he said one day, there certainly is going to be an electric Harley, but not in the near future. "...electrification is likely to grow in some markets faster than others. and we want to be the leader in electrification as a holding company," he said. Asked if the company is looking to introduce its electric bike range, Livewire in India, Zeitz said: "I don't see that in the near future."

Harley-Davidson's volume play — CEO aims for X440 success to get India story rolling

Survival drama "<keyword id="18932982" type="General" weightage="20" keywordseo="2018-Everyone-is-a-Hero" source="Orion">2018-Everyone is a Hero</keyword>", based on the Kerala floods that year, is <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword>'s official entry to the Academy Awards 2024, the Film Federation of India announced here on Wednesday. Addressing a press conference, Girish Kasaravalli, noted filmmaker and chairperson of the selection committee, said the 16-member jury unanimously selected the Malayalam film to represent the country. Kasaravalli, a renowned voice in Kannada cinema, said they had a lengthy discussion before choosing "<keyword id="6355580" type="General" weightage="20" keywordseo="2018" source="Orion">2018</keyword>" to represent India at the 2024 Academy Awards. "It was a pan-Indian selection. And we were happy that we were 16 members and we watched 22 films in one week's time. It was a difficult decision because there were so many good films and we had to analyse to find out which film had better merit. Finally, we decided on '2018 - Everyone is a Hero'," the filmmaker said. According to Kasaravalli, the Jude Anthany Joseph-directed film highlights "Indian ethos, situation and people". "It's a film that talks about a calamity that Kerala faced in 2018. It not only represents India but also the calamity that's happening around the world. The film also excels cinematically and technically," he said. "Such messages are linked to climate change and the so called development," he added. Lead star <keyword id="1721478" type="General" weightage="50" keywordseo="tovino-thomas" source="Orion">Tovino Thomas</keyword>, who is currently in Amsterdam for the Septimius Awards where he won the best Asian Actor trophy for "2018", said it was time for celebration for the team. "I was very happy last night and woke up even happier to this exciting news as our film '2018' has been selected as India's official entry (to <keyword id="6376611" type="General" weightage="100" keywordseo="oscars" source="Orion">Oscars</keyword>). We worked in extreme conditions but it's all paying off. This movie is now getting international acclaim. It's great," Thomas told PTI over phone from Amsterdam. "I'm not with the team to celebrate this moment. But this definitely calls for a celebration," he added. <keyword id="26993" type="General" weightage="80" keywordseo="joseph" source="Orion">Joseph</keyword> said the announcement came as a happy surprise. "It was such a happiness that our film is going for the Oscars as the country's official entry," he added. <keyword id="1546264" type="General" weightage="50" keywordseo="ravi-kottarakara" source="Orion">Ravi Kottarakara</keyword>, FFI president, said as many as 22 titles including Hindi films "The Kerala Story", "Rocky Aur Rani Kii <keyword id="5323802" type="General" weightage="50" keywordseo="prem-kahaani" source="Orion">Prem Kahaani</keyword>", "Gadar 2", "Zwigato", "The Vaccine War", "Mrs Chatterjee Vs Norway" as well as "Balagam" (Telugu), "Vaalvi" (Marathi), "Baaplyok" (Marathi) and "August 16, 1947" (Tamil) were also in the running. But the jury unanimously chose "2018". "2018" also stars Tanvi Ram, <keyword id="789766" type="General" weightage="50" keywordseo="kunchako-boban" source="Orion">Kunchako Boban</keyword> and <keyword id="3252579" type="General" weightage="50" keywordseo="aparna-balamurali" source="Orion">Aparna Balamurali</keyword>. In June, the makers claimed that the film had crossed over Rs 200 crore at the box office to become the highest grossing film in Malayalam cinema. FFI, an autonomous body of producers, exhibitors, studio owners and distributors, decides India's official entry to the Oscars for the best international feature category. Last year, "RRR" and "The Elephant Whisperers", the two Indian films which won the best original song and best documentary short, were sent to the Oscars directly by the makers, but India's official entry in the international film category, Gujarati film "Chhello Show"(Last Film Show), failed to make the cut in the final five nominations. The last Indian film that made it to the final five was the Aamir Khan-led "Lagaan" in 2001. The 96th Academy Awards are scheduled to take place on March 10, 2024 in Los Angeles. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/webstories/bajaj-pulsar-n150-vs-yamaha-fz-s-v3-bikes-comparison-of-price-and-features/slidelist/103985134.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/webstories/bajaj-pulsar-n150-vs-yamaha-fz-s-v3-bikes-comparison-of-price-and-features/slidelist/103985134.cms" target="_blank">Bajaj Pulsar N150 vs Yamaha FZ-S V3 – The bike to consider under ₹1.25 lakh</a><a href="https://www.businessinsider.in/business/auto/news/bentley-flying-spur-hybrid-hits-indian-roads-in-bid-to-go-greener/slidelist/103979187.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/bentley-flying-spur-hybrid-hits-indian-roads-in-bid-to-go-greener/slidelist/103979187.cms" target="_blank">Bentley Flying Spur Hybrid hits Indian roads in bid to go greener</a> <a href="https://www.businessinsider.in/tech/mobile/news/pixel-8-launch-on-oct-4-from-camera-to-design-specifications-what-we-know-so-far/articleshow/103924696.cms">Pixel 8 launch on Oct 4 – From camera to design specifications, what we know so far</a>

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Hero MotoCorp logs highest-ever retail sales of over 14 lakh units in festive season

PTI

Best selling bikes and scooters in India in 2023

Sourabh Jain

Hero Motocorp stock slumps after ED searches at Pawan Munjal's residence

IANS

Harley-Davidson's volume play — CEO aims for X440 success to get India story rolling

PTI

Malayalam survival drama '2018:Everyone is a Hero' is India's official entry to Oscars

PTI

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