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Hero MotoCorp gains on plan to enter European markets by end of 2015

05 Nov 2014 Evaluate

Hero MotoCorp is currently trading at Rs. 3033.80, up by 23.05 points or 0.77% from its previous closing of Rs. 3010.75 on the BSE.

The scrip opened at Rs. 3031.10 and has touched a high and low of Rs. 3035.75 and Rs. 3000.00 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3144.00 on 23-Oct-2014 and a 52 week low of Rs. 1907.00 on 21-Feb-2014.

Last one week high and low of the scrip stood at Rs. 3110.00 and Rs. 2928.80 respectively. The current market cap of the company is Rs. 60,181.00 crore.

The promoters holding in the company stood at 39.92% while Institutions and Non-Institutions held 42.77% and 17.31% respectively.

Hero MotoCorp (HMCL), the world’s largest manufacturer of two-wheelers, is planning to enter the European markets by the end of 2015. The company made this announcement at the biggest event in the world dedicated to two-wheelers, organized by EICMA at Milan in Italy. EICMA is the marketing body of Italy’s National Association of Bicycles, Motorcycles and Accessories (ANCMA).

In the first phase of its foray into Europe, Hero MotoCorp aims to launch its products in Italy, Spain and France; followed by the UK and Germany in the next phase of expansion. To begin with, the company will launch its first serial-hybrid scooter ‘Leap’ in these markets, and subsequently bring more models including scooters and motorcycles.

Hero MotoCorp recently announced an investment of $800 million in building capacity across the globe in the next few years. Expanding aggressively over the past three years, Hero MotoCorp is already present in over 20 countries across Central & South America, East & West Africa and Asia. By 2020, the company aims to be in over 50 countries with 20+ assembly facilities globally.

Hero MotoCorp Share Price

4963.35 -69.60 (-1.38%)
24-Apr-2026 16:59 View Price Chart
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Company Name CMP
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