Hero MotoCorp shines on inking pact with AVL of Austria

12 Mar 2012 Evaluate

Hero MotoCorp is currently trading at Rs. 1928.00, up by 18.35 points or 0.96% from its previous closing of Rs. 1909.65 on the BSE.

The scrip opened at Rs. 1939.90 and has touched a high and low of Rs. 1939.90 and Rs. 1905.00 respectively. So far 4969 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2248.00 on 14-Nov-2011 and a 52 week low of Rs. 1416.00 on 22-Mar-2011.

Last one week high and low of the scrip stood at Rs. 1951.00 and Rs. 1813.05 respectively. The current market cap of the company is Rs. 38500.75 crore.

The promoters holding in the company stood at 52.21% while Institutions and Non-Institutions held 39.13% and 8.66% respectively. 

Hero MotoCorp, the country’s largest two-wheeler maker by volumes has inked pact with world's largest privately-owned engine developer, AVL of Austria for developing in-house capabilities to make its own engines.

The company’s R&D division is already in Austria and also working in close coordination with AVL ITC (India Technical Centre) based in Gurgaon. The team is working on a few options across motorcycles and scooters. Its technology tie-up with Austria-based AVL will allow Hero MotoCorp to develop technology for its bread-and-butter 100cc bikes such as Splendor and Passion.

Further, the tie-up will also help the company take the 150cc CBZ and Hunk to the next level to meet intensified competition from rivals such as Honda and Bajaj Auto in this high-margin segment. The entity has reported a 10.89% rise in its sales for February at 523,465 units. The company had sold 472,055 units in February 2011.

Hero MotoCorp Share Price

4272.50 -67.35 (-1.55%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 8765.10
Hero MotoCorp 4272.50
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