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Hero MotoCorp surges on selling 700 bikes through online marketplace Snapdeal

Hero MotoCorp Ltd. | Automobile Two & Three Wheelers | Automobiles | BSE: 500182 | NSE: HEROMOTOCO

18 Dec 2014 Evaluate

Hero MotoCorp is currently trading at Rs. 3086.05, up by 24.15 points or 0.79% from its previous closing of Rs. 3061.90 on the BSE.

The scrip opened at Rs. 3090.00 and has touched a high and low of Rs. 3110.00 and Rs. 3066.80 respectively. So far 7974 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3271.80 on 01-Dec-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. 3212.00 and Rs. 3046.15 respectively. The current market cap of the company is Rs. 61660.50 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 has sold around 700 bikes in 72 hours through online marketplace Snapdeal during the recently concluded Great Online Shopping Festival, organised by Google.

The demand - it peaked on the last day of the sales with it selling 500 bikes in eight hours on December 12 - underlines the potential of the online market in India to sell products such as automobiles that hitherto were considered as an exclusive domain of traditional channels. Snapdeal, the only ecommerce portal that sells automobiles in India, also offers Mahindra & Mahindra's Scorpio SUV and two-wheelers.

Launched online on December 10, the first day of the sales festival, Hero MotoCorp's Splendor, Passion, Glamour, Ignitor, Hunk and Xtreme motorcycles and Pleasure scooter were available at the same price as at off-line dealerships.

Hero MotoCorp is the World’s single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

Hero MotoCorp Share Price

5281.60 52.35 (1.00%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Bajaj Auto	9795.05
Hero MotoCorp	5281.60
TVS Motor	3764.45
Eicher Motors	7240.55
Ather Energy	889.35
View more..

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Hero MotoCorp surges on selling 700 bikes through online marketplace Snapdeal

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