Hero MotoCorp: The Maverick 440 was revealed by the company at its Centre of Innovation and Technology (CIT) in Jaipur
Hero MotoCorp Limited shares rose by 3.15 percent to Rs 4,540 in afternoon trading on January 23 following the company’s announcement of launching two new bikes: the Xtreme 125R and a special collector’s edition named ‘Hero Forever,’ as reported by CNBC TV-18. The new Xtreme 125R is available in two variants from Hero MotoCorp dealerships, priced with Rs. 95,000 for IBS and Rs. 99,500 for ABS.
The Maverick 440 was introduced by the company at its Centre of Innovation and Technology (CIT) in Jaipur, and it is set to be made available in the company’s flagship showrooms. As of 1:40 pm, the stock was valued at Rs 4,530, marking a 2.9 percent increase from the previous close on the NSE. Over the past year, the script has delivered an impressive return of nearly 64 percent, outperforming the Nifty by a significant margin. The positive sentiment surrounding the stock isn’t solely attributed to the recent product launches but is also fueled by the establishment of a new assembly facility in Nepal through a partnership with CG Motors.
Hero MotoCorp, a leading player in the two-wheeler industry, is on track to build a manufacturing facility in the Nawalpur district with an annual capacity of 75,000 units. The company plans to kickstart operations at the facility by March 2024. Having ventured into the Nepalese market in 2014, Hero MotoCorp has established itself as a significant presence in the country.
