Hero MotoCorp

Photo: Twitter

Hero MotoCorp IT Raid: Officials Report Bogus Unaccounted Expenses Worth Crores

In recent IT raids at Hero MotoCorp premises, officials seized unaccounted cash, documents, and other evidence of bogus purchases. As per IT officials, a farmhouse in Chhattarpur worth Rs 100 crore, accommodation entries amounting to Rs 1000 crore were found. Notably, IT searches were carried out at 40 premises of Hero MotoCorp Chairman Pawan Munjal, from March 23-26. Notably, the raids were carried out amid tax evasion allegations. 

Tue, 29 Mar 2022 - 05:09 PM / by Varsha Joshi

Tags: Pawan Munjal, Hero MotoCorp, Tax Evasion, Delhi, IT Raids

Hero Motocorp

Photo: Twitter

IT-Raids At Premises Of Hero Motocorp CEO Munjal

The Income Tax officials, carried out searches at the premises owned by officials of Hero Motocorp, in various locations of Gurugram, Haryana. The IT-raids started from March 23 morning, and is underway at residence of the company's senior officials including top promotor and Chairman Pawan Munjal.  Besides Munjal, premises linked to other officials of the company are also being searched over allegations of tax evasion, resulting 1.5% stock… read-more

Wed, 23 Mar 2022 - 02:12 PM / by Varsha Joshi

Tags: Hero MotoCorp, Pawan Munjal, IT raid, IT Department, Tax Evasion

Hero MotoCorp's new logo

Photo: UX Design

Hero MotoCorp's Brand New Electric Mobility 'Vida' Launched In Dubai

Hero MotoCorp unveiled its new two-wheeler model called 'Vida,' at an event in Dubai. The scooter will be run by fossil-fueled power mobility including electric vehicles. Pawan Munjal chairman and CEO at Hero MotoCorp Ltd also announced a "global sustainability fund" of Rs. 760 crores ($100 million) according to an exchange filing. The new investment would aim to establish global partnership. Furthermore, Vida will manufacture in Chittoor,… read-more

Fri, 04 Mar 2022 - 11:20 AM / by Rupsa Debnath

Tags: India, Hero MotoCorp, Dubai, Two-wheeler, Electric Scooter

Courtesy: Bloomberg Quint

Ramkrishna Sevashrama, Hero Create COVID care center

Photo: India Today

Hero Collabs With Ramakrishna Mission To Support COVID Care Centre

Automaker Hero MotoCorp on April 28 partnered with Ramakrishna Mission Sevashrama and Haridwar's district administration to support a 122-bed COVID hospital. The company will support Sevashrama's healthcare infrastructure and increase the level of emergency medical facilities. Besides, Hero will also provide personal scooters and bikes to the healthcare workers for their safe travel to and from the work place in several Indian states. 

Thu, 29 Apr 2021 - 08:20 PM / by Harsh Vardhan

Tags: haridwar, Hero MotoCorp, Ramakrishna Mission Sevashrama, COVID-19 Hospital

Courtesy: Hindustan Times

Representational photo: Hero MotoCorp manufacturing plant.

Photo: Indian Autos Blog

Hero MotoCorp Shuts All Manufacturing Plants As COVID Cases Surge

Amid enormous surge of COVID-19 cases in India, two-wheeler giant Hero MotoCorp has announced to temporarily shut down all its manufacturing plants across the country. As per the company, each plant and Global Parts Center will be closed four four days between April 22 and May 1, considering the local scenario. The company added that it will utilize the suspension period for maintenance work at the manufacturing plants.

Thu, 22 Apr 2021 - 11:34 AM / by Harsh Vardhan

Tags: Hero MotoCorp, Covid-19, Manufacturing Plants, Two-wheeler

Courtesy: India.com

Hero MotoCorp

Photo: DNA India

Hero MotoCorp To Raise Prices Of Its Fleet Up To Rs 2,500 From April 1

Leading two-wheeler company Hero MotoCorp will raise the prices of its motorcycles and scooters, starting April 1. Owing to the escalating input costs, Hero intends to counterbalance the ramifications of these expenses on the company through the new decision. It said that while the price hike quota remains unclear, it will be market and model specific, increasing up to Rs 2,500. Earlier, Honda, Maruti Suzuki, Nissan and Datsun had announced… read-more

Thu, 25 Mar 2021 - 09:14 AM / by Ashly Ann Varghese

Tags: Hero MotoCorp, Price Hike, Two-wheelers, input costs

Courtesy: Business Today

Hike in prices of Hero vehicles announced

Photo: DNA India

Hero Vehicles To Get Dearer By Up To Rs 1,500 From January 1

Hero MotoCorp has announced to increase the prices of its vehicles by up to Rs 1,500 from January 1, 2021. The increase in the price was attributed to the rising input costs. However, Hero has geared upon its Leap-2 umbrella saving program to lessen the burden on buyers and also protect their margins. Earlier, Maruti Suzuki, Ford and Mahindra had announced to increase the prices of their various models in India.

Thu, 17 Dec 2020 - 12:58 AM / by Rashi Jain

Tags: Hero MotoCorp, Hike, Two-wheelers, Maruti Suzuki

Courtesy: LiveMint