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<keyword id="19948209" type="General" weightage="20" keywordseo="two-wheeler" source="keywords">Two-wheeler</keyword> maker <keyword id="19983534" type="General" weightage="20" keywordseo="Hero-MotoCorp" source="keywords">Hero MotoCorp</keyword> Ltd on Wednesday reported a 16.3 per cent rise in consolidated <keyword id="19933742" type="General" weightage="20" keywordseo="profit" source="keywords">profit</keyword> after tax to Rs 943.46 crore in the fourth quarter ended on March 31, 2024, riding on higher sales. The company had posted a consolidated profit after tax of Rs 810.8 crore in the same period a year ago, Hero MotoCorp said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 9,616.68 crore as against Rs 8,434.28 crore in the corresponding period a year ago, it added. Hero MotoCorp said it sold 13.92 lakh units of motorcycles and scooters in <keyword id="20028449" type="General" weightage="20" keywordseo="Q4" source="keywords">Q4</keyword> FY24 as against 12.70 lakh units in Q4 FY23. Total expenses were higher at Rs 8,427.36 crore in the fourth quarter as compared to Rs 7,508.94 crore in the same period a year ago. For the fiscal ended March 31, 2024, consolidated profit after tax was at Rs 3,742.16 crore as compared to Rs 2,799.9 crore in the previous fiscal. Consolidated revenue from operations for FY24 stood at Rs 37,788.62 crore as compared to Rs 34,158.38 crore in FY23, it added. Hero MotoCorp said it sold 56.21 lakh units of motorcycles and scooters in FY24 as compared to 53.29 lakh units in FY23. "During the year, our focus on product launches, network upgrades and customer satisfaction drove us to new heights. From the highest number of product launches to the expansion of new format retail outlets and upgrade at super speed, to a digital-first approach in premium, we set the building blocks in place for accelerated growth in future," Hero MotoCorp Chief Executive Officer Niranjan Gupta said. On the outlook, he said, "Moving forward, we expect the macroeconomic factors to aid the industry's growth. With commodity prices remaining stable, expectations of normal monsoons, and government spending expected to increase, we see multiple tailwinds for the sector over the upcoming quarters." Gupta further said the company will be driving market share gains on the back of launches in the premium and 125 cc segment done in FY 24. The company's board has recommended a final dividend of Rs 40 per share on the face value of Rs 2 per equity share subject to approval of the shareholders at the ensuing annual general meeting, the filing added. "This dividend together with an interim and special dividend, marking the centennial year of Chairman Emeritus Dr Brijmohan Lall Munjal of Rs.100 per equity share, takes the aggregate total dividend for the year 2023-24 to Rs 140 per equity share," the company said. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-has-silently-launched-the-pixel-8a-in-india-starting-at-52999/articleshow/109937286.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-has-silently-launched-the-pixel-8a-in-india-starting-at-52999/articleshow/109937286.cms" target="_blank">Google has quietly launched the Pixel 8a in India starting at ₹52,999</a><a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/apps/news/google-wallet-launched-in-india-store-your-loyalty-cards-boarding-passes-and-more/articleshow/109941139.cms" target="_blank">Google Wallet launched in India – store your loyalty cards, boarding passes and more</a><a href="https://www.businessinsider.in/stock-market/webstories/tbo-tek-ipo-company-details-to-risk-factors-all-you-need-to-know/slidelist/109946929.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/tbo-tek-ipo-company-details-to-risk-factors-all-you-need-to-know/slidelist/109946929.cms" target="_blank">TBO Tek IPO – Company details to risk factors, all you need to know</a>

Hero MotoCorp Q4 PAT up 16.7% at ₹943.46 crore

<ul><li>The Indian electric two-wheeler market has reported a month-on-month decline in sales.</li><li><keyword id="19897349" type="General" weightage="20" keywordseo="Ola-Electric" source="keywords" meta.keywordsubtype="org" meta.entityname="Ola Electric" meta.hostid="261" meta.entityid="Ola Electric">Ola Electric</keyword> continues to lead the market but its market share has declined.</li><li><keyword id="19938730" type="General" weightage="20" keywordseo="TVS-Motor" source="keywords" meta.keywordsubtype="org" meta.entityname="TVS Motor" meta.hostid="261" meta.entityid="TVS Motor">TVS Motor</keyword> and <keyword id="19897354" type="General" weightage="20" keywordseo="Bajaj-Auto" source="keywords" meta.keywordsubtype="org" meta.entityname="Bajaj Auto" meta.hostid="261" meta.entityid="Bajaj Auto">Bajaj Auto</keyword> occupy the second and third spots respectively.</li></ul>After months of subdued sales, the Indian electric two-wheeler market bounced back in July 2024, crossing the 1 lakh mark. Sales have once again slowed down in August 2024, declining by 17% month-on-month. In the month of August 2024, 88,451 electric scooters were sold in India, up from 62,778 scooters sold in August 2023, reporting a 41% year-on-year growth. However, this was considerably lower than the 1,07,472 electric scooters sold in July 2024. <div type="Article" hostid="261" msid="113016216" title="August auto sales – Maruti Suzuki, Tata Motors and others report a decline in sales" mstype="2" mssubtype="0"></div> Electric two-wheelers continue to form the bulk of electric vehicle (EV) sales in India, with EV two-wheelers making up 57% of Indian <keyword id="19914921" type="General" weightage="20" keywordseo="EV-sales" source="keywords">EV sales</keyword> in August 2024 in terms of numbers. <h2>Ola Electric continues to lead the market</h2>A month after its initial public offering (IPO), Ola Electric reported a sale of 27,506 units in August 2024, up from 18,749 vehicles sold in August 2023, reporting a 46.7% year-on-year growth. This is however lower than its July 2024 sales of 41,711 vehicles. With this, the company currently occupies a 31% market share, down from 39% in July 2024. <h2>TVS Motor continues to occupy the second spot</h2>TVS Motor continues to be a distant second, with 17,541 electric scooters sold in August 2024, up from 15,482 scooters sold in August 2023, recording a 13.3% year-on-year growth. TVS Motor currently occupies a 20% market share in the Indian electric two-wheeler segment. Bajaj Auto has emerged as a close third, with 16,699 electric scooters sold in August 2024, up 153.7% from 6,582 electric scooters sold in August 2023. The company currently occupies a 19% market share. <keyword id="19938729" type="General" weightage="20" keywordseo="Ather-Energy" source="keywords" meta.keywordsubtype="org" meta.entityname="Ather Energy" meta.hostid="261" meta.entityid="Ather Energy">Ather Energy</keyword> is now in the fourth position, with 10,829 scooters sold in August 2024, up from 7,157 scooters sold in August 2023, recording a 51.3% year-on-year growth. The company commands a 12% market share. <keyword id="19983534" type="General" weightage="20" keywordseo="Hero-MotoCorp" source="keywords" meta.keywordsubtype="org" meta.entityname="Hero MotoCorp" meta.hostid="261" meta.entityid="Hero MotoCorp">Hero MotoCorp</keyword> takes the fifth spot with 4,782 electric scooters sold in August 2024, up from 915 scooters sold in August 2023, recording a 422% year-on-year growth. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/august-auto-sales-maruti-suzuki-tata-motors-and-others-report-a-decline-in-sales/articleshow/113016216.cms">August auto sales – Maruti Suzuki, Tata Motors and others report a decline in sales</a> <a href="https://www.businessinsider.in/tech/news/indian-tablet-market-records-good-growth-in-q2-2024-1-in-2-tablets-sold-was-from-samsung/articleshow/113011836.cms">Indian tablet market records good growth in Q2 2024, 1 in 2 tablets sold was from Samsung</a> <a href="https://www.businessinsider.in/business/auto/news/ducati-multistrada-v4-rs-adv-launched-in-india-at-38-40-lakh/slidelist/112912412.cms">Ducati Multistrada V4 RS ADV launched in India at ₹38.40 lakh</a>

Electric two-wheeler sales declined in August 2024, but year-on-year growth continues

<ul><li>India’s largest two-wheeler manufacturer <keyword id="6357252" type="General" weightage="20" keywordseo="hero-motocorp" source="Orion">Hero MotoCorp</keyword> beat analyst estimates to deliver a 37% YoY rise in standalone net profit to ₹859 crore.</li><li> The company posted a 17% growth in its FY23 net profit, which rose to ₹2,911 crore.</li><li> Hero MotoCorp’s revenue growth during Q4 came in at 11.9% YoY at ₹8,307 crore, while for the full FY23, it reported a growth of 17.7% to ₹33,806 crore.</li></ul>India’s largest two-wheeler manufacturer Hero MotoCorp beat analyst <a href="https://economictimes.indiatimes.com/markets/stocks/earnings/hero-motocorp-q4-results-pat-beats-estimates-jumps-37-yoy-to-rs-859-cr-revenue-up-12/videoshow/99989882.cms">estimates</a> to deliver a 37% YoY rise in standalone net profit to ₹859 crore in Q4, aided by price hikes, cost cutting and improved product mix. The company posted a 17% growth in its FY23 net profit, which rose to ₹2,911 crore. Hero MotoCorp’s revenue growth during Q4 came in at 11.9% YoY at ₹8,307 crore, while for the full FY23, it reported a growth of 17.7% to ₹33,806 crore. The impact of the triple drivers of its net profit growth during Q4 – price hikes, cost cutting and improved product mix – also reflected in the company’s net margins, which rose by 190 basis points to 10.3% from 8.4% a year ago. However, for the full FY23, net margins improved only a tad to 8.6% from 8.5% in FY22. The company declared a final dividend of ₹35 per share, with the total dividend for FY23 touching ₹100. <table style="width:410.6pt;border-collapse:collapse;mso-yfti-tbllook:1184; mso-padding-alt:0cm 5.4pt 0cm 5.4pt" class="redcator-table-advance"> <tbody><tr> <td style="width:99.0pt;border:solid black 1.0pt; mso-border-alt:solid black .5pt;mso-border-bottom-alt:solid black 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Particulars </td> <td style="width:84.8pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> FY23 </td> <td style="width:57.0pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Change </td> <td style="width:84.75pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Q4 FY23 </td> <td style="width:3.0cm;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Change (YoY) </td> </tr> <tr> <td style="width:99.0pt;border:solid black 1.0pt; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-alt:solid black .5pt; background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Volume (units) </td> <td style="width:84.8pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 53.29 lakh </td> <td style="width:57.0pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 7.8% </td> <td style="width:84.75pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 12.7 lakh </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 6.8% </td> </tr> </tbody><tbody></tbody></table> Source: Company reports Hero MotoCorp’s Q4 and FY23 in numbers: <table style="width:446.3pt;border-collapse:collapse;mso-yfti-tbllook:1184; mso-padding-alt:0cm 5.4pt 0cm 5.4pt" class="redcator-table-advance"> <tbody><tr> <td style="width:77.75pt;border:solid black 1.0pt; mso-border-alt:solid black .5pt;mso-border-bottom-alt:solid black 1.0pt; padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Particulars </td> <td style="width:99.2pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> FY23 </td> <td style="width:99.25pt;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> FY22 </td> <td style="width:3.0cm;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Q4 FY23 </td> <td style="width:3.0cm;border:solid black 1.0pt; border-left:none;mso-border-left-alt:solid black .5pt;mso-border-alt:solid black .5pt; mso-border-bottom-alt:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> Q4 FY22 </td> </tr> <tr> <td style="width:77.75pt;border:solid black 1.0pt; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-alt:solid black .5pt; background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Revenue </td> <td style="width:99.2pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> ₹33,806 crore </td> <td style="width:99.25pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> ₹29,245 crore </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> ₹8,307 crore </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> ₹7,422 crore </td> </tr> <tr> <td style="width:77.75pt;border:solid black 1.0pt; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-alt:solid black .5pt; padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Net profit </td> <td style="width:99.2pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> ₹2,911 crore </td> <td style="width:99.25pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> ₹2,473 crore </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> ₹859 crore </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> ₹627 crore </td> </tr> <tr> <td style="width:77.75pt;border:solid black 1.0pt; border-top:none;mso-border-top-alt:solid black .5pt;mso-border-alt:solid black .5pt; background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt;height:18.0pt"> Net margin </td> <td style="width:99.2pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 8.6% </td> <td style="width:99.25pt;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 8.5% </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 10.3% </td> <td style="width:3.0cm;border-top:none; border-left:none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt; mso-border-top-alt:solid black .5pt;mso-border-left-alt:solid black .5pt; mso-border-alt:solid black .5pt;background:#D9D9D9;padding:0cm 5.4pt 0cm 5.4pt; height:18.0pt"> 8.4% </td> </tr> </tbody><tbody></tbody></table> Source: Company reports Commenting on the company's performance, Hero MotoCorp CEO Niranjan Gupta said the company has been able to drive margin expansion and profitable growth this quarter through a judicious combination of pricing, savings, and product mix. "In the coming fiscal year, we have lined up a slew of product launches in different segments with an aim to strengthen our premium portfolio as well as premiumisation of existing models, which will help us deliver improvement in market share," he added. The company is also accelerating its EV rollout, with a plan to be in 100 cities within this calendar year, Gupta said. "Apart from exclusive Vida outlets in certain cities, we will be using our existing distribution system across cities to ensure wider reach. The recent price revision now makes Vida accessible to more customers, and we expect this will increase the EV transition in scooter category," he added. Gupta noted that the economic activity in India continues to build momentum with key indicators moving in the positive direction. "We do expect two-wheeler industry revenue growth to be double-digit in the coming year," he stated. Shares of the company ended 0.43% up at ₹2,514.05 apiece on the BSE. (With inputs from PTI.) SEE ALSO: <a href="https://www.businessinsider.in/business/news/go-first-flight-cancellations-make-summer-travel-and-vacations-expensive/slidelist/99983101.cms">Go First flight cancellations make summer travel and vacations expensive</a> <a href="https://www.businessinsider.in/business/corporates/news/hiring-in-it-companies-like-tcs-wipro-infosys-hcl-tech-plunges-by-66-in-fy23/articleshow/99960690.cms">Hiring in the IT sector plunges by 66% in FY23</a> <a href="https://www.businessinsider.in/business/corporates/news/titan-q4-net-profit-rises-50-to-734-crore-as-wedding-segment-makes-a-comeback/articleshow/99964029.cms">Titan Q4 net profit rises 50% to ₹734 crore as wedding segment makes a comeback</a>

Hero MotoCorp Q4 net profit beats estimates, rises 37% YoY to ₹859 crore

<ul><li><keyword id="20181490" type="General" weightage="20" keywordseo="GoPro" source="keywords" meta.keywordsubtype="org" meta.entityname="GoPro" meta.hostid="261" meta.entityid="GoPro">GoPro</keyword> has launched the <keyword id="20062409" type="General" weightage="20" keywordseo="Hero" source="keywords">Hero</keyword> and <keyword id="23041364" type="General" weightage="20" keywordseo="Hero-13-Black" source="keywords">Hero 13 Black</keyword> in India.</li><li>While the Hero is priced at ₹23,990, the Hero 13 Black is priced at ₹44,990.</li><li>The Hero 13 Black comes with support for new magnetic mounts, new <keyword id="23041366" type="General" weightage="20" keywordseo="HB-Series-Lenses" source="keywords">HB-series lenses</keyword> and more.</li></ul>GoPro, the popular action camera manufacturer has announced two new cameras, the Hero 13 Black and the Hero in India. While the Hero 13 Black is the company's new top-of-the-line camera, while the Hero is a smaller, more affordable option. While the Hero 13 Black brings several new features to the Hero line-up, the new Hero weighs just 86 grams, making it the smallest Hero device with a display. In addition to the two new cameras, the company has also announced HB-Series Lenses, a new battery and new mounts. “This year’s two new GoPro cameras are inspired by and built for the GoPro Community,” said, Nicholas Woodman, founder and chief executive officer, GoPro. <h2><keyword id="23026094" type="General" weightage="100" keywordseo="GoPro-Hero-13-Black" source="Orion">GoPro Hero 13 Black</keyword> price and availability</h2>The <keyword id="18524534" type="General" weightage="20" keywordseo="GoPro-Hero" source="Orion">GoPro Hero</keyword> 13 Black has been priced at ₹44,990 for the standalone variant. The company has also announced two bundles, equipped with various mods. Accessory Bundle at ₹49,990: Includes the Hero 13 Black, The Handler (Floating Hand Grip), an extra Enduro battery, a Curved Adhesive Mount, a 64GB SD card, and a carrying case. Creator Edition at ₹64,990: Includes the Hero 13 Black, Volta Power Grip, Media Mod and Light Mod. The Hero 13 Black, along with its Creator Edition and Accessory Bundle, is available for pre-order starting today, with shipping and retail availability beginning on September 10, 2024. <h2>Hero 13 Black features and specifications</h2>The Hero 13 Black is the company’s latest flagship offering, bringing several improvements over its predecessor. The Hero 13 Black supports 5.3K video at 60 FPS, HyperSmooth stabilisation and more. It supports 13x burst slo-mo, allowing it to capture up to 400 frames per second (FPS) at HD quality. It can capture 5.3K video at 120 FPS and 900p videos at 360 FPS. To make it easier for users to mount and un-mount their GoPro, the company has added magnetic latch mounting to the device. This is in addition to built-in mounting fingers and the 1/4-20 mounting threads. The device comes with Hybrid Log Gamma (HLG) HDR video, offering professional-grade 10-bit colour depth and a broader colour gamut for more vibrant and accurate video capture. It comes with GPS and performance stickers, which allow users to track speed, ath, terrain, altitude and g-force, and help with geotagging in third-party media apps. The Hero 13 Black is equipped with a new 1900mAh battery that is 10% larger and more power-efficient. It comes with Wi-Fi 6 support, which is claimed to provide up to 40% faster content transfer speeds. <h3>HB-Series Lenses</h3>GoPro has also released a new line of HB-Series Lenses that are compatible with the HERO13 Black. These lenses include: <ul><li>Ultra Wide Lens Mod (₹9,990): Captures a 177° field of view in a 1:1 aspect ratio. </li><li>Macro Lens Mod (₹12,990): Captures macro shots with variable focus. The variable focus ring lets you manually adjust the focus distance from as close as 4.3 inches </li><li>Anamorphic Lens Mod: Captures ultra-wide-angle footage with a 21:9 aspect ratio. </li><li>ND Filter 4-Pack (₹6,990): Creates cinematic motion blur. </li></ul><h2><keyword id="23041365" type="General" weightage="20" keywordseo="GoPro-Hero-price" source="Orion">GoPro Hero price</keyword> and availability</h2>The GoPro Hero is priced at ₹23,990. The camera can be pre-ordered from September 16, 2024, with retail availability to begin from September 22, 2024. <h2>GoPro Hero features and specifications</h2>The Hero is the company’s smallest, lightest, and most affordable 4K camera. It weighs just 86 grams and includes built-in mounting fingers. It is 35% smaller and 46% lighter than the Hero 13 Black. Being an action camera, it is designed to withstand harsh conditions and is waterproof up to 16 feet. It features an LCD screen to help frame shots, switch modes and view settings. The Hero can record in 4K and 1080p, with the ability to capture slow-motion footage at 2.7K 60 FPS. It can record up to 100 minutes of continuous video at the highest settings on a single charge. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-declined-in-august-2024-but-year-on-year-growth-continues/articleshow/113050150.cms">Electric two-wheeler sales declined in August 2024, but year-on-year growth continues</a> <a href="https://www.businessinsider.in/tech/news/indian-tablet-market-records-good-growth-in-q2-2024-1-in-2-tablets-sold-was-from-samsung/articleshow/113011836.cms">Indian tablet market records good growth in Q2 2024, 1 in 2 tablets sold was from Samsung</a> <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-rufus-ai-assistant-beta-launched-in-india-will-answer-customers-questions/articleshow/112872099.cms">Amazon Rufus AI assistant beta launched in India, will answer customer’s questions</a>

GoPro Hero 13 Black and Hero launched starting at ₹23,990

<ul><li>TVS Motor’s standalone net profit jumped 49% to ₹410 crore in March quarter from ₹274 crore during the same period last year on the back of strong sales.</li><li>Meanwhile, its revenue from operations in the quarter grew 19% at ₹6,605 crore as compared to ₹5,530 crore last year.</li><li>Overall TVS Motor sold 8.68 lakh units in the March quarter as against 8.56 lakh units during the same period last year including two-wheeler, three-wheeler sales and exports. </li></ul>TVS Motor’s standalone net profit jumped 49% to ₹410 crore in March quarter from ₹275 crore during the same period last year on the back of strong sales. Meanwhile, its revenue from operations in the quarter grew 19% at ₹6,605 crore as compared to ₹5,530 crore last year. It has performed better than its peer Bajaj Auto whose Q4 standalone net profit fell 2% on year to ₹1,433 crore. Despite the quarterly decline in revenue, <a href="https://www.businessinsider.in/business/auto/news/bajaj-auto-q4-net-profit-falls-2-yoy-to-1433-crore/articleshow/99766398.cms">Bajaj Auto still managed to beat analyst expectations. </a> Meanwhile, India’s largest two-wheeler manufacturer <a href="https://www.businessinsider.in/business/auto/news/hero-motocorp-q4-net-profit-beats-estimates-rises-37-yoy-to-859-crore/articleshow/99989966.cms">Hero MotoCorp also delivered a strong March quarter </a>earnings performance beating analyst <a href="https://economictimes.indiatimes.com/markets/stocks/earnings/hero-motocorp-q4-results-pat-beats-estimates-jumps-37-yoy-to-rs-859-cr-revenue-up-12/videoshow/99989882.cms">estimates</a>. It reported a 37% YoY rise in standalone net profit to ₹859 crore in Q4, aided by price hikes, cost cutting and improved product mix. The company posted a 17% growth in its FY23 net profit, which rose to ₹2,911 crore. TVS’ operating earnings before interest, taxes, depreciation and amortisation (EBITDA) margin grew marginally at 10.3% in Q4 as against 10.1% during Q4 of last year. For the financial year ended 2023, net profit grew 67% to ₹1,491 crore as compared to ₹894 crore in last fiscal. Revenue from operations grew by 27% to ₹26,378 crore from ₹20,791 crore last year. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY22 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹26,378 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹20,791 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,605 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,530 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,491 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹894 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹410 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹274 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Net margin </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.7% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.3% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.2% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td></tr></tbody></table>Source: Company reports Overall TVS Motor sold 8.68 lakh units in the March quarter as against 8.56 lakh units during the same period last year including two-wheeler, three-wheeler sales and exports. Its motorcycle sales fell to 3.89 lakh units in the quarter as against 4.42 lakh units last year. Scooter sales for the quarter grew by 30% registering 3.40 lakh units as against 2.62 lakh units last year. Electric vehicles registered sales of 43,000 units in the quarter ended March 2023 as against 6,000 units during the quarter ended March 2022. Three-wheeler sales for the quarter under review is 29,000 units as against 42,000 units last year. Shares of the company ended 1.97% higher at ₹1,180 apiece on Thursday, ahead of the earnings announcement. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/hdfc-q4-net-profit-jumps-20-to-4425-crore-declares-interim-dividend-44-per-share/articleshow/99987148.cms">HDFC Q4 net profit jumps 20% to ₹4,425 crore, declares interim dividend ₹44 per share</a> <a href="https://www.businessinsider.in/business/corporates/news/adani-enterprises-q4-net-profit-more-than-doubles-yoy-to-722-crore/articleshow/99990510.cms">Adani Enterprises Q4 net profit more than doubles YoY to ₹722 crore as airports and roads businesses pick up pace</a>

TVS Motor’s Q4 net profit jumps 49% on year to ₹410 crore

New Delhi, The country's largest two-wheeler maker <keyword id="6357252" type="General" weightage="20" keywordseo="hero-MotoCorp" source="Orion">Hero MotoCorp</keyword> on Tuesday said it has received 25,597 bookings for the <keyword id="17521994" type="General" weightage="20" keywordseo="Harley-Davidson-X440" source="Orion">Harley-Davidson X440</keyword> till date. The booking window, which opened on July 4, has now been closed, and the new booking window will be announced soon, the company said in a statement. "It is heartening to see the confidence shown by the customers in Hero MotoCorp's foray into this segment. What is even more heartening is that the majority of our bookings are coming from the top end model, clearly indicating that customers are willing to pay a higher price for the right brand and right model," Hero MotoCorp CEO Niranjan Gupta said. This is just the beginning of the company's journey to win in the premium segment, he added. "More Iconic launches will follow soon, as we ensure our presence across the portfolio," Gupta noted. Hero MotoCorp said it will start production of the <keyword id="96419" type="General" weightage="20" keywordseo="Harley-Davidson" source="Orion">Harley-Davidson</keyword> X440 in September 2023 and commence customer deliveries from October onwards. The company has revised the introductory ex-showroom prices of the model. The Denim, Vivid and S variants are now tagged at Rs 2.39 lakh, Rs 2.59 lakh and Rs 2.79 lakh respectively. In October 2020, Hero MotoCorp and Harley-Davidson announced a partnership for the Indian market. As part of the deal, Hero MotoCorp has been mandated to develop and sell a range of premium motorcycles under the Harley-Davidson brand name in the country.

Hero MotoCorp receives 25,597 bookings for Harley-Davidson X440

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 two wheeler maker has surprised the market with three back to back launches.</li><li><keyword id="17516871" type="General" weightage="20" keywordseo="harley-davidson-x440" source="Orion">Harley Davidson X440</keyword> and <keyword id="17116192" type="General" weightage="20" keywordseo="karizma-xmr" source="Orion">Karizma XMR</keyword> in the premium segment are expected to help the company take on competition.</li><li>In August, it reported a 5.5% YoY rise in total sales to 488,717 units. </li></ul>In the last three months, Hero MotoCorp has positively surprised the market with three back to back launches of Passion Plus, <keyword id="6357453" type="General" weightage="80" keywordseo="harley-davidson" source="Orion">Harley Davidson</keyword> X440 and Karizma XMR. It also has three more launches in the pipeline across segments — all which brokerages hope will pull up its market share in the two-wheeler segment. The company also launched an entry level scooter Hero Xoom scooter earlier this year. “These launches are driving higher customer footfalls and are expected to have a positive rub-off on the existing and refreshed models,” said <keyword id="4244153" type="General" weightage="80" keywordseo="j-m-financial" source="Orion">J M Financial</keyword>. Just one or two product successes are sufficient to drive positive brand perception about HMCL – and that will enhance its overall appeal across its product portfolio, the brokerage adds. The commentary from the dealers is also encouraging as most of them across 13 states are seeing good sales in higher double digits. The festive season too is around the corner and the new launches should only take things forward. It has already reported a 5.5% rise in total sales in August rose 5.6% to 488,717 units, as compared to a year back. Riding back into the game Hero Moto’s Passion Plus, launched in June, is a refreshed version of one of India’s best selling bikes – and two of the latest launches are the premium segment. While the Harley Davidson X440, which came out in July, will take on the likes of <a href="https://www.businessinsider.in/business/auto/webstories/hero-karizma-xmr-210-vs-bajaj-pulsar-rs200-which-bike-should-you-buy-under-2-lakh/slidelist/103241906.cms">Triumph and Royal Enfield</a>, the latest <a href="https://www.businessinsider.in/business/auto/webstories/hero-karizma-xmr-210-vs-bajaj-pulsar-rs200-which-bike-should-you-buy-under-2-lakh/slidelist/103241906.cms">Karizma XMR</a> will take on Bajaj’s Pulsar. “Passion+ has been received well by customers and there is excitement around new premium launches. Customer enquiries for HD X440 remain high and bookings are further expected to increase with wider availability of the model in the network,” said J M Financial. More than Splendour Hero MotoCorp (HMCL) banked heavily on its biggest hit, the Splendor, which was India’s highest selling bike, for a long time. It was all well for the 39-year-old company until India started shifting towards the slightly more premium bikes being offered by Bajaj, <keyword id="94237" type="General" weightage="100" keywordseo="royal-enfield" source="Orion">Royal Enfield</keyword> and to an extent TVS. The inability to play in that segment (200 cc to 350/400 cc) meant that the competition vroomed ahead. “HMCL’s market share in the 125+cc motorcycle segment declined from 12% in FY13 to 3% in FY23 due to lack of premiumisation-focused new product launches,” said a report by J M Financial. Now, after taking time, and having signed a partnership with Harley Davidson, the bike maker is looking to bounce back. Hero’s launch pipeline has sporty or premium 125 110-125 cc motorcycles in the executive segment and they also plan another 125 cc scooter. All these launches will spell good news, brokerages believe. “New launches in the scooter segment, Super splendor and Passion Plus are getting good traction and HMCL is ramping up Glamour 125 for rural demand and model launches in the premium segment should help market share gains,” said a report by Prabhudas Liladher. The 2W demand pick up The two-wheeler demand itself has been muted for years now due to a muted rural market. Yet, most players have indicated that greenshoots are being seen in demand with steady government spending in rural areas due to general elections next year. As the market itself grows, HMCL with its new launches is expected to grow ahead of its peers. There is a huge replacement demand market in 2-wheelers which is expected to push sales. A few quarters back, the company was seeing replacement demand of 4-5%, and now it has reached 10%. “HMCL is seeing indication of strong demand in the rural market and is aiming to grow ahead of the industry on back of aggressive model launch cycle across categories and gain market share,” said a report by Prabhudas Liladher. It is also expanding the distribution of its EV two-wheeler Vida. It’s already present in 36 cities, and the count is expected to go to 100 by the end of the calendar year. It plans to launch new products from FY25 onwards. Even as EV sales are currently muted, the company expects to reach leadership position in this segment in the coming years — but for the medium term its ICE brands are also expected to gain speed. <div type="javascript" title="Custom" contenttype="Text"><cdata><![CDATA[]]></cdata></div>

Hero MotoCorp set to take on Bajaj and Royal Enfield with fresh launches

<ul><li>Toyota saw its sales surge by 19% while Kia India saw its sales volumes fall by 19% in June. </li><li>Maruti’s small and company car sales saw a massive slump even as SUV sales grew 2X. </li><li>Two wheeler companies saw slow sales due to slump in exports. </li></ul>Indian auto stocks are trading in the red on early Monday, as auto sales data released during the weekend failed to enthuse the markets. At the time of publishing this copy, the Nifty Auto index is trading flat while the benchmarks – Nifty50 and BSE Sensex – are half a percent in the green. India’s largest automaker Maruti Suzuki has delivered an 8% increase in sales for the month of June, as compared to last year, thanks to the improved performance of its SUV range like Brezza, Grand Vitara and Ertiga – which surged two-fold. Even as sales of its mini cars – Alto and S-Presso fell marginally, compact car sales like Swift, Celerio, and Baleno slumped by 17%. However, its overall sales are lower than Jefferies’ expectations of 1.68 lakh units in June. As per Anand Rathi, the company management expects 5-7% industry volume growth in FY24, and Maruti Suzuki volume growth in double digits. The stock fell around 0.8% in early trade. Tata Motors posted a flat sales of 1% growth in domestic sales in June. Jefferies predicted that Tata Motors will see a 4-5% YoY decline mainly led by lower LCV volumes. Commercial vehicle sales fell by 15%, even as passenger sales went up by 8%. However, Girish Wagh, executive director of Tata Motors says that they showed a month-on-month improvement. “For the month of June 2023, they were 20.2% higher than the vehicle sales registered in May 2023. Looking ahead, the promising monsoon and continuing infrastructure thrust by the government augers well for the CV industry, even as it faces the headwinds of high interest rates, fuel prices and inflation,” said Wagh. The stock too has been trading flat as it fell by 0.2% in early Monday trade. Mahindra &amp; Mahindra’s stock was trading higher by 1.6% as it presented a strong 21% growth in overall auto sales. The BSE auto index is trading down by 0.6% as of 11:44 am, with most stocks in the red. 2W sales suffer on tepid exports Bajaj Auto sales fell by 2% overall, but the fall is lower than expected as Jefferies predicted it to fall to 3.3 lakh on account of lower exports. However, the automaker withstood it to 3.40 lakh. In spite of it, the stock fell by 1.1%. TVS Motors’ sales grew 4% but the growth was lower than analyst expectations – leading to a 0.7% fall in the stock. Hero Motocorp stock also fell by over 1.7% after it reported a 9.8% fall in sales. The company however hopes sales will pick up in the coming months. “The onset of monsoon in most parts of the country and overall economic indicators bode well for a growth in demand, and industry volumes are expected to pick up leading into the upcoming festive season,” the company said in a press release. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">June 2023 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">June 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,33,027 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1,22,685 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Toyota </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19,608 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16,512 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hyundai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">50,001 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">49,001 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Kia </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">19,391 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">24,024 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-19% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Motors* </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">80,383 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">79,606 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mahindra &amp; Mahindra </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32,588 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">26,880 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Honda </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5,080 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7,834 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-35% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">M G Motor </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5,125 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4,504 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">304,401 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">293,715 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero MotoCorp </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.3 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.8 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-9.8% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.40 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.47 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2% </td></tr></tbody></table>Source: PTI &amp; other reports *Domestic sales taken into account for Tata Motors International players present a mixed bag The best surprise however came from Toyota whose volumes grew by a strong 19%. "Ever since the launch of Urban Cruiser Hyryder and Innova Hycross, we are witnessing continued high acceptance by our customers," said Atul Sood, VP- sales and strategic marketing of Toyota Kirloskar Motors. Kia India saw its volumes fall by 19%, but the company hopes that the launch of its new Seltos will give back its leadership position in the mid-SUV section. Honda sales however continue to slip as they slumped by a massive 35%. (With inputs from PTI)

Smooth ride for M&M in June but Bajaj and Hero Motocorp stutter

<ul><li>India’s auto sector could be looking at mixed performance in March, with some segments likely to clock better growth than others. </li><li>Passenger vehicles, one of the segments that have been driving sales in the past few months, could be looking at a flat March. </li><li>Commercial vehicles are expected to continue growing thanks to infrastructure-led demand seeing a healthy fleet utilisation in the medium to heavy commercial vehicles (MHCV) category. </li></ul>The Indian auto sector could be looking at mixed performance in March due to a combination of erratic rainfall dampening demand for light commercial vehicles (LCVs), and a moderation in demand for passenger vehicles (PVs) during the month, as observed by analysts at <keyword id="46252" type="General" weightage="80" keywordseo="motilal-oswal" source="Orion">Motilal Oswal</keyword>. The brokerage expects a slight uptick in demand for two-wheelers during the month on account of festivals and a low base of the previous year. However, concerns about weakness in the rural markets could drag down the overall numbers. Passenger vehicles, which were in the driver’s seat for a few months now, are expected to clock ‘flattish’ growth during March. “There has been some moderation in enquiries led by muted demand during ongoing festivals and persistent weakness in the rural market,” said the Motilal Oswal report. <cmsannotation type="cmsannotation" annotationid="Commercial vehicles to drive growth" comment="subhead" text="Commercial vehicles to drive growth">Commercial vehicles to drive growth</cmsannotation> The brokerage expects the commercial vehicle segment to drive growth in the auto sector in March. More specifically, the medium and heavy commercial vehicles segment is expected to register a 10-12% year-on-year rise in sales due to “healthy fleet utilisation driven by infra-led demand and pre-buying before OBD-2 transition.” On the other hand, the light commercial vehicle segment is expected to register a decline of 8-10%n due to erratic rainfall and subdued rural sentiments. Unseasonal rains could also weigh on tractor sales, which could decline 3-5% due to expectations of a low Rabi output. <cmsannotation type="cmsannotation" annotationid="Moderation in passenger vehicle sales: High interest rates hurt bookings" comment="subhead" text="Moderation in passenger vehicle sales: High interest rates hurt bookings">Moderation in passenger vehicle sales: High interest rates hurt bookings</cmsannotation> The entry-level segments have been hurting across the passenger vehicle and two-wheeler segments for a while now. So far, weak rural sentiments and elevated inflation were behind the weak performance of the entry-level segment, but now, analysts suggest high interest rates are also adding to the slowdown. “Moreover, rising interest rates have further hampered bookings for low-end models. Although the inventory level has increased to 25-30 days in March versus 20-25 days till February end, it has now come back to the normal level after three years,” the brokerage said. Sports utility vehicles (SUV) continue to be in demand, with waiting periods still being long. For instance, M&amp;M’s popular duo of SUVs, the Scorpio-N and XUV 700 have a waiting period of 3-10 months, and 2-5 months, respectively. The Thar, too, has a waiting period of nearly a month. <keyword id="42747" type="General" weightage="80" keywordseo="tata-motors" source="Orion">Tata Motors</keyword>’ Nexon, on the other hand, has a waiting period of 4-6 weeks. Despite a moderation in demand, discounts have been muted, the brokerage noted, adding that it expects M&amp;M’s sales to rise 16% year-on-year, while Tata Motors could see a modest 3% growth. Market leader <keyword id="44883" type="General" weightage="80" keywordseo="maruti-suzuki" source="Orion">Maruti Suzuki</keyword> is expected to report a 3% fall in dispatches. <cmsannotation type="cmsannotation" annotationid="Slight uptick in two-wheeler sales, but rural demand still weak" comment="subhead" text="Slight uptick in two-wheeler sales, but rural demand still weak">Slight uptick in two-wheeler sales, but rural demand still weak</cmsannotation> Two-wheeler sales have been struggling for a few months now and the pressure is expected to temper a bit during March, with a slight uptick resulting in a 4-6% YoY increase in retail sales, thanks to steady urban demand. However, erratic rains could dampen two-wheeler sales as well, with rural demand still remaining weak. “Overall sales are still down by 15-17% versus the pre-Covid level as rural demand remains weak,” the Motilal Oswal report added. The brokerage also witnessed a large variation in enquiries across states during festivals – while Gujarat, Delhi and Karnataka saw a 2-6% YoY increase in enquiries, UP, Bihar and Maharashtra reported a 4-8% decline. Market leader <keyword id="6357252" type="General" weightage="80" keywordseo="hero-motocorp" source="Orion">Hero MotoCorp</keyword> could see a 4% YoY decline in dispatches, while Bajaj Auto and <keyword id="46156" type="General" weightage="50" keywordseo="tvs-motor" source="Orion">TVS Motor</keyword> could see a 5% fall each. Royal Enfield, on the other hand, is expected to report yet another month of growth, with its dispatches expected to increase 10%. Overall, March could be a mixed bag for the Indian auto industry. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/reliance-industries-jsw-energy-hero-motocorp-among-stocks-in-focus/articleshow/99131742.cms">Sensex, Nifty50 rally on the last day of FY23: Reliance Industries, Nestle, Infosys, ICICI Bank and Tata Motors top gainers</a> <a href="https://www.businessinsider.in/stock-market/news/the-alpha-creators-bank-and-it-stocks-outperform-nifty50-in-the-last-11-years/articleshow/99114789.cms">The Alpha Creators: Bank and IT stocks outperform Nifty50 in the last 11 years</a> <a href="https://www.businessinsider.in/finance/news/npci-introduces-interchange-fees-on-upi-transactions-done-via-prepaid-payment-instruments/articleshow/99080455.cms">Will UPI payments now attract charges? Decoding NPCI’s interchange fee on UPI transactions via prepaid payment instruments</a>

No festive cheer for auto cos in March: PV sales ‘flattish’, 2Ws to see a slight uptick

<ul><li>Among the three players, Bajaj Auto has reported poor performance in the March quarter although it managed to grow on a yearly basis.</li><li><keyword id="46156" type="General" weightage="20" keywordseo="TVS-Motor" source="Orion">TVS Motor</keyword> and Hero MotoCorp delivered strong profit and sales growth in FY23 as well as in the recent March quarter.</li><li>All the automakers have delivered growth in profitability and sales.</li><li>This is reflected in the overall growth of the domestic two wheeler industry in FY23, which rose 17% on year after three years of decline.</li></ul>The most popular brands in the <keyword id="3312762" type="General" weightage="20" keywordseo="Indian-two-wheeler-industry" source="Orion">Indian two wheeler industry</keyword> -- Bajaj Auto, Hero MotoCorp and TVS Motor have come out with their performance for the financial year 2023 and all of them have beat analysts estimates. All the automakers have delivered growth in profitability and sales. This is reflected in the overall growth of the domestic two wheeler industry in FY23, which rose 17% on year after three years of decline. The industry clocked sales of 15.86 million units in FY23 from 13.57 million in the last fiscal year, according to Society of Indian Automobile Manufacturers (SIAM) However, reports say that the segment is still at a nine year low. Among the three players, Bajaj Auto has reported poor performance in the March quarter although it managed to grow on a yearly basis. Bajaj Auto’s Q4 standalone net profit fell 2% on year to ₹1,433 crore. Rising input costs and shrinking exports ate into the two-wheeler maker's volumes as well as bottomline, even as the company’s topline expanded by 12% to ₹8,905 crore during the quarter. In fact, analysts believe it may continue to underperform its peers because of weak presence in the domestic market. “Even so, we believe the company would underperform peers such as Eicher Motors (12% growth in FY24E) and TVS Motors (10% growth). Bajaj Auto’s underperformance is likely to persist owing to its weak presence in scooters in the domestic market, not to mention its large exposure to overseas markets,” said a report by Nuvama Institutional Equities. Stress of rising input costs in FY23 was clearly visible – Bajaj Auto’s input costs rose by nearly 9% to ₹24,073 crore, eating into its profits. Comparison of the three two wheeler maker’s financial performance <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TVS Motor </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bajaj Auto </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero MotoCorp </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 Net profit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,491 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,628 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,911 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% YoY </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">67% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">18% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹26,378 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹36,428 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹33,806 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% YoY </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">27% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY23 Margin </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5.7% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15.5% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">8.6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">YoY growth </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">140 basis points </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">40 basis points </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10 basis points </td></tr></tbody></table> Meanwhile, TVS Motor and Hero MotoCorp delivered strong profit and sales growth in FY23 as well as in the recent March quarter. Hero MotoCorp beat analyst <a href="https://economictimes.indiatimes.com/markets/stocks/earnings/hero-motocorp-q4-results-pat-beats-estimates-jumps-37-yoy-to-rs-859-cr-revenue-up-12/videoshow/99989882.cms">estimates</a> to deliver a 37% YoY rise in standalone net profit to ₹859 crore in Q4, aided by price hikes, cost cutting and improved product mix. Further, the company said that in the coming fiscal year, it has lined up a slew of product launches in different segments with an aim to strengthen its premium portfolio as well as premiumisation of existing models, which will help deliver improvement in market share. On the other hand, TVS Motor outperformed the other two and registered 67% on year growth in net profit along with sharp 140 basis points expansion in operating margin as well. After posting strong March-quarter earnings, the shares of the motorcycle manufacturer hit a 52-week high at ₹1,235, up nearly 6% on Friday. The management said that it expects to outperform the industry in both domestic and export segments due to demand recovery led by the premium and electric vehicle (EV) segment. “With supply challenges now largely over, we expect TVS’ outperformance to continue on the back of the ramp-up of its launches. Even in EVs, it seems to be ahead of its listed peers with a strong product pipeline in place for the next 24 months; it has signed up with industry experts and joint venture partners to emerge as a leading player in EVs,” said a report by HDFC Securities. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/paytm-brokerages-looking-up-to-59-growth-in-one97-communications/articleshow/100070477.cms">Paytm shares surge 5% on sustained Q4 growth, brokerages see up to 59% upside</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/beauty-the-best-luxury-cosmetics-behemoth-este-lauder-hunkers-down-on-india-as-its-sales-double-in-2-years/articleshow/100064628.cms">Beauty &amp; The Best: Luxury cosmetics behemoth Estée Lauder hunkers down on India as its sales double in 2 years</a>

FY23 Scorecard: TVS Motor fares better than Bajaj Auto, Hero MotoCorp on profits and margins

<ul><li>Hero MotoCorp has launched the Xtreme 160R 4V bike in India.</li><li>It competes with the TVS <keyword id="6328549" type="General" weightage="20" keywordseo="apache-rtr-160-4v" source="Orion">Apache RTR 160 4V</keyword> and the Bajaj <keyword id="4712436" type="General" weightage="20" keywordseo="pulsar-ns160" source="Orion">Pulsar NS160</keyword>.</li><li>In this post we compare the three bikes to help you decide which bike you should buy.</li></ul> Hero MotoCorp has launched the Xtreme 160R 4V, its latest offering in the 160cc segment in India. The bike is a 2023 update and comes with a 4-valve cylinder head. The <keyword id="17699518" type="General" weightage="100" keywordseo="hero-xtreme-160r-4v" source="Orion">Hero Xtreme 160R 4V</keyword> will take on the likes of the TVS Apache 160 4V and the Bajaj Pulsar NS160, which are other popular 160cc bikes in the Indian market. If you are in the market for a bike and are confused about which one to pick, we are here with a quick comparison of the three bikes. <cmsannotation type="cmsannotation" annotationid="Hero Xtreme 160R 4V vs Apache RTR 160 4V vs Pulsar NS160 price" comment="subhead" text="Hero Xtreme 160R 4V vs Apache RTR 160 4V vs Pulsar NS160 price">Hero Xtreme 160R 4V vs Apache RTR 160 4V vs <keyword id="6799865" type="General" weightage="20" keywordseo="pulsar-ns160-price" source="Orion">Pulsar NS160 price</keyword></cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bike </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Starting price </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Xtreme 160R 4V </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.27 lakh </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apache RTR 160 4V </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.24 lakh </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pulsar NS160 </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1.35 lakh </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="Design" comment="subhead" text="Design">Design</cmsannotation> All three bikes are quite identical when we compare the design. They come with a muscular body with sharp cuts. The Xtreme 160R 4V has retained most of the design elements of its predecessor, with some minor tweaks. All three bikes offer a similar seating posture and comfort. <cmsannotation type="cmsannotation" annotationid="Engine" comment="subhead" text="Engine">Engine</cmsannotation> The Hero Xtreme 160R 4V is equipped with a 4-valve head 163cc single-cylinder motor, oil-cooled engine. The Apache RTR 160 4V, on the other hand, is equipped with a 4-valve 159.7cc oil-cooled engine. The Pulsar NS160 is equipped with a 160.3cc single-cylinder oil-cooled engine. <cmsannotation type="cmsannotation" annotationid="Performance" comment="subhead" text="Performance">Performance</cmsannotation> <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bike </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Power </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#000000;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Torque </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hero Xtreme 160R 4V </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16.37 hp </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14.4 Nm </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Apache RTR 160 4V </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.16 hp </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14.73 Nm </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Pulsar NS160 </td><td style="border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">17.2 hp </td><td style="border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:bottom;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">14.6 Nm </td></tr></tbody></table> While the new Xtreme 160R 4V and the Pulsar NS160 are offered with a dual-channel ABS, the Apache RTR 160 4V is equipped with a single-channel ABS. 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