Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters has announced its financial results for Q4 FY2024 and for FY2024. 

The company reported revenue of INR 9,519, up 15 percent as compared to INR Rs 8,307 crore for the same period last year. The uptick was driven by a rich product mix, lower commodity costs, higher savings, and judicious price increases. The net profit came at INR 1,016 crore, up 18 percent, compared to INR 859 crore last year.

In terms of performance for FY2024, the revenue came at INR 37,456 crore, up 11 percent, and net profit of INR 3,968 crore, up 36 percent YoY respectively. Hero MotoCorp sold 56.21 lakh motorcycles and scooters as compared to 53.29 lakh two-wheelers last year. 

Niranjan Gupta, CEO, Hero MotoCorp said, “FY2024 has been a remarkable period for Hero MotoCorp. During the year, our focus on product launches, network upgrade and customer satisfaction drove us to new heights. From the highest number of product launches to the expansion of new format retail outlets and upgrade at super speed, to a digital‐first approach in premium, we set the building blocks in place for accelerated growth in future. Our fiscal prudence and strategic actions ensured that our financial performance has been robust, resulting in highest ever annual revenue and profits.”

“Moving forward, we expect the macro‐economic factors to aid the industry’s growth. With commodity prices remaining stable, expectations of normal monsoons, and government spending expected to increase, we see multiple tailwinds for the sector over the upcoming quarters. We will be driving market share gains on the back of our launches in premium and125 cc segment done in FY2024.”

“Further, we are going to boost scooter portfolio by launching Xoom 125cc and Xoom 160cc in first half of the fiscal. Coming year will see us taking big strides in EV, through product launches in mid and affordable segment. Overall, we see a very positive outlook for upcoming years,” he concluded.

During the year, Hero MotoCorp expanded its offering in the premium segment with the launch of six new products – Xtreme 125R, Xtreme 200S, Xtreme 160R 4V, Harley-Davidson X440, Karizma XMR and the Mavrick 440

It also upgraded its retail network with new-age Premia outlets and the launch of over 400 Hero 2.0 stores. In keeping with its aggressive product strategy, the company also unveiled its exciting future roadmap at the EICMA Motor Show in Milan and at its own bi-annual event Hero World. The company showcased the world's first class-convertible vehicle - Surge S32, path-breaking EV concepts - Lynx and Acro – flex-fuel options for popular motorcycle models and its upcoming range of scooters - Xoom (125 & 160), new VIDA V1 and V1 Coupe. 

Furthermore, it expanded VIDA network, to over 100 cities in the country and along with Ather Energy has also expanded the charging network to over 2,000 charging points in over 100 cities. 

In the India Bike Week, 2024, that will take place in Goa on 6 and 7 December, will see the Pulsar brand of motorcycles from Bajaj Auto make a ‘Definitely Daring’ debut. This will involve a unique experience of riding on a 100 ft. long bridge on the recently introduced NS400Z that is also 24 ft. high. 
Bajaj Auto, in collaboration with Ghost Ryderz (which is claimed to be India’s number one stunt riding team), will provide participants an experience that is unique as well as ‘learning’. For the first time, the two-wheeler major is taking Ghost Ryderz to India Bike Week to provide an opportunity for the participants to stunts such as a ‘wheelie’ or ‘stoppie’ under guidance of experts and in a safe manner. 
The participants at the India Bike Week will also witness signature Pulsar Stunt Shows featuring daring performances with never-seen-before stunts. Bajaj Auto has partnered with Tiivra to offer the participants an opportunity to experience the NS400Z and the all-new N125 on a specialised fun track curated to showcase Pulsar's performance and agility.
“Over twenty-four years, we have built a strong following of ‘Pulsar Maniacs’ across India who love the bike for its daring attitude and sporty DNA. We have always found innovative ways to connect and engage with our loyal customers across India. For our debut at IBW we decided to create moments that define Pulsar’s philosophy of being ‘Definitely Daring.’ At IBW, we’re inviting enthusiasts to experience the thrill, the adrenaline, the pure joy of riding a Pulsar,” said Sumeet Narang, President, Marketing, Bajaj Auto Ltd. 
 

KTM, the world's largest and India's fastest-growing premium European brand, has announced a price cut of INR 20,000 for its KTM 250 DUKE 250 cc motorcycle in India as part of its year-end celebrations.

Featuring two ride modes, Street and Track, the motorcycle now also boasts new LED headlamp setup with integrated pilot lights and a 5-inch colour TFT display with turn-by-turn navigation and Bluetooth connectivity. Bi-directional Quickshifter now comes as standard on the KTM 250 DUKE 250 cc.

The 2024 KTM 250 DUKE will be available at INR 225,000 (ex-showroom, Delhi) instead of its original price of INR 245,000 till 31 December 2024.

India Yamaha Motor Pvt Ltd has announced that it has partnered with the Delhi edition of Comic Con India, the country’s premier pop culture event to reach out to comic enthusiasts, anime fans and motorcycle aficionados across the country. 
The Japanese two-wheeler maker aims to create unique opportunities for ‘Gen Z’ and younger audiences to engage directly with the brand while it explores growth opportunities for its motorcycles and scooters. 
The company has always drawn the attention of a niche audience through its performance oriented and premium offerings. It is therefore keen to reflect the same by unveiling a spectacular experience zone featuring its iconic, blue-themed design, perfectly complementing the electrifying Comic Con atmosphere. 
The Yamaha Pavilion promises to captivate pop culture enthusiasts and high-performance engineering fans alike, offering action-packed activities, exclusive Comic Con merchandise, stunning displays of its adrenaline-charged motorcycles, and countless photo-worthy moments.
Yamaha is also organising an online contest for riding and Comic Con enthusiasts, offering a chance to win free Delhi Comic Con Super Fan Passes. Those who are keen to participate, could visit Yamaha's official handle on Instagram or Facebook page; look for the contest post and take a screenshot when the Samurai is aligned properly with the MT-15 bike. 
The event would conclude on 3 December 2024 with eight winners being selected. The Delhi edition of Comic Con India will be held at NSIC Grounds, Okhla, from 6 December to 8 December 2024. 

Royal Enfield has launched the Goan Classic 350, a bobber-inspired motorcycle that is inspired by the ‘70s and ‘80s iconic Goan moto-culture.

Powered by Royal Enfield’s popular 349 cc air-oil cooled, single-cylinder engine, the Goan Classic produces 20.2 bhp at 6,100 rpm and 27 Nm of torque at 4,000 rpm. Staying true to the bobber style, the Goan Classic 350 features chopped fenders, mid-ape handlebars, floating rider seat and whitewall tyres on tubeless spoke wheels. The Goan Classic 350 also features bolt-on arrangement pillion seat to switch between single and dual seat configurations and comes with a range of bobber-inspired Genuine Motorcycle Accessories (GMAs) including a custom rider seat, handlebar grips, bar-end mirrors, touring screen, touring handlebar, deluxe foot pegs and foot control rubbers.

The Goan Classic 350 is built on a twin downtube spine frame and comes with telescopic front suspension with 41 mm forks and twin rear shock absorbers, along with dual-channel ABS with 300 mm front and 270 mm rear disc brakes. The dashboard features a gear position indicator and Tripper navigation pod, while a USB Type-C charging port ensures connectivity. The Goan Classic is available in three single-toned colour options (Shack Black, Purple Haze and Trip Teal) and one double-toned option (Rave Red). The single-toned colour variants are priced at INR 235,000 (ex-showroom Chennai), while the double-toned option is priced at INR 238,000 (ex-showroom Chennai).

Siddhartha Lal, Managing Director – Eicher Motors Ltd, said, “The Goan Classic is a heartfelt tribute to the spirit of freedom and individuality that Royal Enfield has championed for decades. To me, this motorcycle is an embodiment of the cool, laid-back Goan moto-culture, and Royal Enfield’s passion to build motorcycles that are more than just machines, and are a means to self-discovery and expression. This motorcycle feels right at home, not just on the streets of Goa but brings the relaxed and easy Goan vibe to free-spirited and freewheeling riders everywhere.” 

B Govindarajan, CEO, Royal Enfield, said, “Rooted in custom bobber culture, the Goan Classic is a beautiful fusion of classic design and modern engineering. From the low-slung silhouette and the single floating rider seat, the contours and ergonomics, and the dazzling kaleidoscope of colourways, the Goan Classic has a very bohemian and free-spirited vibe combined with relaxed and comfortable riding manners. This is a motorcycle for those who ride not just to get from place to place, but to live and experience every moment with authenticity."