Hero MotoCorp shares mixed after launch of 3 motorcycles

NEW DELHI: Shares of Hero MotoCorp were trading mixed in Friday's trade the company unveiled three new motorcycles namely Super Splendor, Passion PRO and Passion XPRO.

There will be a phase-wise launch of the three motorcycles in the market, starting January 2018, the company told stock exchanges.

The stock edged 0.35 per cent lower at Rs 3,795.60 on BSE. The scrip closed Friday's session 0.61 per cent down at Rs 3,785.95.


Hero MotoCorp is already the dominant leader in the 100-125cc segments with its popular brands - Splendor, Passion, HF Deluxe, Glamour, and Super Splendor.

“With the launch of the new Passion PRO, Passion XPRO and Super Splendor, we are aiming to further consolidate our leadership in the 100-125cc segments," said Malo Le Masson – Head of Global Product Planning at Hero MotoCorp.

"Now, we will shift our focus on premium motorcycles and aim to grow our market share in the premium segment," Masson added.