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       AUTOMOBILE Next Article: Maruti overtakes Infosys, ONGC in market capitalisation  
       Hero MotoCorp phases out select models, variants
 
         Posted on :17:53:21 Jun 10, 2017
   
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       Last edited on:17:53:21 Jun 10, 2017
         Tags: Hero MotoCorp, select models, variants
 
NEW DELHI: Country's largest two wheeler maker Hero MotoCorp has phased out different models and variants as part of its plans to realign product portfolio to focus on premium bikes and scooters for future growth.
 
The company has discontinued Ignitor, Hunk and HF Dawn models while it has already stopped selling of variants such as Maestro scooter, Passion Xpro, Splendor Pro Classic and Karizma R motorcycles in the recent months.
 
Confirming the development, a senior company official told PTI: "We are currently in the process of realigning and consolidating our product portfolio with an enhanced focus on scooters and the premium segment."
 
In-line with this strategic approach, the company has already introduced four new versions of existing models -- Glamour, Maestro Edge, Duet and Pleasure, he added.
 
The company, which already has over 50 per cent market share in 100 cc and 150 cc bike segments, is planning to launch half a dozen new products in the current fiscal.
 
"Two will be introduced in the market leading up to the festive season in September. Following these, we will launch an all-new 200cc motorcycle around the Auto Expo 2018," the company official said.
 
The company is confident of maintaining its growth trajectory in the coming months, he added.
 
Also Read: ​ Hero MotoCorp, TVS Motor jump up to 6% on sales data
 
In 2016-17, the company reported sales of 66,63,903 units, the company's highest-ever sales in a financial year. It had sold 66,32,322 units in 2015-16.
 
The company is increasingly facing competition from erstwhile partner Honda in the domestic market.
 
In August 2013, the company had announced plans to enter 50 markets by 2020 with a target of 20 manufacturing units across the globe and an overall annual turnover of Rs 60,000 crore.
 
It has also set a cumulative sales target of 100 million units by 2020, having crossed the 50 million milestone in 2013.
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       AUTOMOBILE
Next Article: Maruti overtakes Infosys, ONGC in market capitalisation
 
 
AUTOMOBILE HEADLINES
Jeep Compass bookings touch 10,000 mark  
Chinese passenger car now being manufactured in Pak  
Datsun India launches more powerful redi-GO 1.0L  
Ducati launches the all new Scrambler Desert Sled in India  
Hero MotoCorp phases out select models, variants  
Maruti overtakes Infosys, ONGC in market capitalisation  
GM to stop selling cars in India by 2017 end  
India eyes all-electric car fleet by 2030  
Honda Activa now world's largest selling two-wheeler  
Tata Safari Storme replaces Maruti Gypsy in Indian Armed Forces  
Made-in-India Jeep to hit market by June  
Tata Motors launches compact sedan Tigor in Rajasthan  
Maruti, Hyundai clock record yearly sales in 2016-17  
Nissan launches new version of Terrano  
Renault India sales up 26.8% in February at 11,198 units  
Volvo eyes long haul transportation segment in India  
JLR launches Made-in-India Jaguar XF at Rs 47.50 lakh onwards  
Ambassador brand now gets a new owner in Peugeot  
Car sales up 11%; passenger vehicles up 14% in Jan  
Delhi HC seeks Centre, AAP govt reply on plea against faulty CNG kits  
Mercedes hits currency recall speed bump, lowers sales target  
BMW to offer new version of i3 electric car in 2017  
Porsche launches Macan variant priced at Rs 76.84 lakh  
Mercedes launches two convertibles priced up to Rs 2.25 cr  
Toyota launches Fortuner variants priced up to Rs 31.12 lakh  
 
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