Author: Diana M. Cuyler

Hero Motocorp shares are up 11% so far this year, outperforming the benchmark Nifty 50 index which has fallen more than 6%. HDFC Securities analysts say Hero Motocorp shares could jump 10% over the next two quarters as it gradually recovers lost market share in motorcycles, expands market share in the segment premium and the rise of exports. Analysts also believe that the company is well placed to benefit from the recovery of the rural economy in the future. “We think investors can buy the stock on dips in the Rs 2600-2640 band and add more dips in the Rs 2360-2400 band,” they said in a report. The stock was trading at Rs 2,760 on BSE, down 0.8% intraday.

Buy drops in the Rs 2600-2640 band and add more drops in the Rs 2360-2400 bandTarget price: Rs 3069; Up: 10%

Time horizon: 6 months

Analysts expect Hero Motocorp’s revenue, EBITDA and PAT to grow 16%, 25% and 25% CAGR respectively between FY22-24, driven by recovery in motorcycle market share national and the rise of exports. The company’s aggressive plans in the scooter, high-end bicycle and electric vehicle segments are also likely to mean well for medium-term growth. Analysts believe investors can buy the stock on dips in the Rs 2600-2640 band and add more dips in the Rs 2360-2400 band (12.25x FY24E EPS) for a fair benchmark value of Rs 2,875 (14.75x FY24E EPS) and fair value of the bullish case of Rs 3,069 (15.75x FY24E EPS) over the next two quarters.

Main upside triggers

Reduction of excise duties on fuels for the benefit of automotive players

The government recently reduced excise duties on petrol and diesel in its effort to contain inflation. Petrol prices had reached around 120 rupees in some states after the increase made by the WTO on March-April 22. In order to offer some relief, the government reduced petrol and diesel prices by Rs 8 and Rs 6 respectively. Some states have also reduced the VAT on these fuels, which has led to a greater drop in their prices. Rising fuel prices have been one of the main factors that have weighed on demand, especially for two-wheelers, as the cost of ownership has risen significantly. Analysts believe the excise duty reduction will benefit automotive players, including Hero Motocorp

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Removal of import duties on raw materials to cool prices

The government’s decision to remove import duties on certain steel industry raw materials such as coking coal and ferronickel and to increase/levy export duties on iron ore/certain intermediate products in steel will lead to lower costs for domestic steelmakers, with the Engineering Export Promotion Council (EEPC) saying prices could fall by 10%, according to the report. “This would increase the domestic availability of key industry inputs and reduce manufacturing costs. With prices falling, they would be able to pass on the benefits by reducing prices. 2W demand is sensitive to the initial cost of ownership,” the brokerage report states.

On track to commercially launch its own electric vehicle in July

Hero MotoCorp has launched its new brand dedicated to electric mobility, Vida. In line with the relentless pursuit of its vision, “Be the Future of Mobility”, the company unveiled Vida and called it an all-new identity for its emerging mobility solutions, including upcoming electric vehicles (EVs). . Hero Motocorp’s first electric two-wheeler under Vida will be unveiled on July 1 this year.

Well positioned to benefit from the recovery of the rural economy

Expectations of a normal monsoon in 2022 and high food prices have improved rural income prospects for FY23, which is another bright spot for Hero Motocorp, analysts said. In addition, various high-frequency indicators of rural demand, most of which emerged recently, also helped her. Bank of America expects nominal farm income for the FY23 Kharif season to improve to 17.1% year-on-year, on top of a strong 15.4% increase during FY22. Analysts noted that Hero Motocorp has the strongest distribution network in rural and semi-urban areas of the country and would be one of the main beneficiaries of the revival of rural demand.

Premiumization and export growth to drive margin expansion

The two-wheeler manufacturer is already firmly established in the entry-level motorcycle segment and is now looking to gain market share also in the premium segment. On the export front, Hero Motocorp aims to export 5 lakh units in the next two years. It started operations in Mexico and expanded its presence in El Salvador and Dubai, and is also exploring opportunities in a few export destinations such as Colombia, Bangladesh, Nepal, Sri Lanka, Africa and Mexico . “The growing share of premium products and exports should contribute significantly to the overall expansion of its revenues and margins,” analysts said.

(The stock recommendations in this story are from the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for their investment advice. Investments in the capital markets are subject to rules and regulations. Please consult your investment advisor before investing.)

A pair of Australians will cross the Pacific Ocean to take on the North American deserts later this year. On Monday, Toby Price and Paul Weill announced that they will organize three major events in the desert of the continent: the Best in the desertit is From Vegas to Reno from August 10 to 13, SCORE Internationalit is Baja 400 on September 13/14, and the mythical Baja 1000 from November 15 to 20. The effort, under the Team Australia name, will see them compete in the Trophy Truck class at Weel’s Geiser brothers a truck.

“Very happy to be able to announce that I will be riding with Paul Weel for Team Australia at Baja 400, Vegas at Reno and Baja 1000 this year,” Price displayed on social media. “Weely put a lot of work into putting this program together so I can’t wait to get out there to show everyone what Aussies can do…”

Price is one of the biggest names in Australian off-road racing, winning the Dakar Rally‘s Bikes in 2016 and 2019 and the Finke Desert Race Seven times. He is the only one to have won the general classification of the latter in the Motorcycles and Cars divisions. For his achievements, he was awarded the Order of Australia in 2021.

While Price has mostly been on dirt his whole life, Weel is a long-time veteran of pavement racing having competed in the supercar championship from 1998 to 2008, although he enjoyed success in the Australian Off-Road Stadium Championship before moving on to Supercars. Serious injuries in a practice crash leading up to the 2008 Bathurst 1000 ended his racing career and he focused on his family business for the next decade.

In 2020, Weel made his return to racing in the Boost mobile super trucks (the Australian counterpart of super stadium trucks) as well as desert races in Australia and America like the Australian Off-Road Motorsport Championship and Best in the Desert. Weel acquired his trophy truck from Price for his rally raid adventures. He overcame mechanical problems to finish tenth in class in his Mint 400 debut, while his first Finke start earned him a twelfth-place finish.

Price and Weel crossed paths in SST when they faced each other at the Darwin and Townsville rounds in 2021. The three-race weekend at Townsville saw Price win the first before Weel won the next two, and they finished 1–2 in races #1 and #2.

Although Weel has never raced Vegas to Reno or SCORE, Price has dabbled in the latter since 2012. He served as a Trophy Truck co-driver for jesse jones and Bryce Menzies in various SCORE events like the San Felipe 250 and the Baja 1000. In 2019 he teamed up with another Dakar star Nasser Al-Attiyah for the Baja 1000, where they rode Jones’ truck to a second-place finish overall. Price entered the 2021 1000 in a Trophy Truck Spec for Thunderstruck Motorsports, but did not finish.

HYDERABAD: As the Center slashes gasoline and diesel prices, travel enthusiasts are back with exciting travel plans. Several groups from the city flew to different destinations across the country by bike or car over the past weekend.

“We had an elaborate road trip planned for this summer and were seriously considering using our friend’s EV (electric vehicle) car to save fuel, even though we are bike lovers,” said Avijit Sharma, 21, a resident of Kowkur.

Thanks to the sudden decision to reduce fuel prices, the trip became quite affordable and we were able to start the trip on Monday. We are traveling all the way south to Rameshwaram and will return home after two weeks,” he said. Aviijit is on tour with three of his friends.

Meanwhile, Anup Kumar, Nishith Kapoor and Nayaab Sharma took off to Ladakh from Hyderabad on three bikes.

“We usually tour neighboring states, but we had planned the ‘Ladakh trip’ this year. The fuel hike dampened our spirits, but the decision to lower the rate, even marginally, was a sigh of relief. We thought it might get worse if we postponed further and left. The trip should now be done with some relief,” said Anup Kumar.

However, Rohan Gupta, a big off-road enthusiast, as he calls himself, says that for road trips, it’s still not cut enough. “Car journeys involve toll charges, extra fuel and it all adds up a lot in the end. Cycling trip during summer, especially in South India, can lead to serious health issues. health, starting with sunburn, dehydration, physical exertion, etc. I don’t think it would be foolishly optimistic of me to wait for more cuts and take my car for a nice drive to Chirala or Gokarna,” he said.

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See the pictures

Vikas Jhabakh, MD, Keeway India with the Keeway Sixties 300i and Vieste 300.

After entering the Indian market by introducing three new two-wheelers, Hungarian manufacturer Keeway has announced that the Sixties 300i and Vieste 300 are priced at ₹2.99 lakh (ex-showroom). The prices are however introductory for these two products and expect them to be increased soon. The company also revealed that deliveries of the two scooters would start from June 2022. Keeway is part of Qianjiang Motorcycle Group, a Chinese motorcycle manufacturer, which also owns the Benelli Group. In partnership with Adishwar Auto Ride India, Keeway would leverage Benelli’s network of over 40 dealerships across the country and its assembly plant.

The Sixties 300i uses the same 278cc engine as the Vieste 300 but is a retro-classic scooter, with a design inspired by the 60s.

Also Read: Keeway Makes India Debut; Introduces three new two-wheelers

Vikas Jhabakh, MD, Keeway India said, “We are delighted to introduce the new product line: Sixties 300i and Vieste 300 at an attractive price considering market dynamics and customer preferences. Both of these vehicles feature unparalleled ergonomics, superior functionality, innovative technology and uncompromising quality, which helps us establish KEEWAY’s unique identity in the Indian market.

The Keeway Vieste 300 is a 278 cc maxi scooter that develops 18.4 hp and 22 Nm of maximum torque. It relies on telescopic forks at the front and hydraulic suspension at the rear and receives a 12-litre fuel tank. The scooter is also equipped with front and rear disc brakes as well as dual channel ABS. The Keeway Vieste 300 is available in three colors: matte black, matte blue and matte white. The Keeway Vieste 300 is also equipped with keyless ignition.

(The Keeway Vieste 300 is a 278cc maxi-scooter and it has a whole bunch of features)

Also Read: Benelli India Teases Launch of Hungarian Motorcycle Brand Keeway

The Keeway Sixties 300i is a classic retro scooter fitted with the same 278cc single cylinder engine as the Vieste 300. It develops the same power figures. It rolls on 120/70-12 tires, and receives disc brakes with dual-channel ABS. Also available on the Keeway Sixties 300i, LED lighting, multifunction ignition and much more. The color options offered with the Keeway Sixties 300i are matte light blue, matte white and matte grey.

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The Keeway Vieste 300 and Keeway Sixties 300i are both equipped with the Keeway Connect system, the company’s technological solution which offers an integrated GPS unit with a SIM card that connects to the application and broadcasts the location of the vehicle. A built-in battery powers the system and the vehicle can accurately track up to 2.5 meters of its vicinity and up to 3 hours even with the device disconnected from the main battery. It also offers remote engine shutdown, setting up a geo-fence, keeping trip records, setting a maximum speed limit, and sharing location information with friends on community rides.

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