Hero MotoCorp Stock Affected: Senior executives are leaving Indian two-wheeler maker Hero MotoCorp on a large scale. According to media reports, more than 6 senior officers have resigned.
Table of Contents
Hero MotoCorp Chairman Pawan Munjal said On Hero MotoCorp Stock Affected
Hero MotoCorp Chairman Pawan Munjal addressed about 5,000 employees at a global town hall last month and said, “I am watching you all.”The company’s employees said that many people considered this statement a tough stand on underperformance. Due to this, people sitting at the senior level of the company have resigned.
These Top Executives Left the Company
- Reema Jain (Chief Information and Digital Officer)
- Sameer Pandey (HR Head – Talent Management)
- Swadesh Srivastava (CBO, Emerging Mobility, Vida)
- Dharam Rakshit (Head HR and Culture Change)
Hero MotoCorp Stock Affected: There have Been Resignations Before
Earlier in February, Hero MotoCorp CEO Niranjan Gupta and Chief Business Officer Ranjivjit Singh also left the company. Many of the executives who resigned recently were brought to Hero by Gupta and Singh. Hero MotoCorp has not yet issued any official statement on the resignations.
In the last 10 years due to the tough situation caused by its weak hold in the market. Last month, Honda Motorcycle and Scooter India had become the number one two-wheeler manufacturer in the country, leaving Hero behind. At the same time, Hero also fell behind TVS Motor and came at number three. The company’s total dealer dispatch declined by 17% in January.
Nothing is going right at the management level in Hero MotoCorp. It is reported that top level officials are resigning one after the other. According to a media report, Sameer Pandey, the HR head for talent management of the company, has resigned. These resignations are having a bad impact on the company’s shares. The company’s shares fell by 1.3% to an intraday low of Rs 3515 on Wednesday. The stock has fallen 16% so far this year and 42% in the last 6 months.
Hero MotoCorp’s Share Performance
Hero MotoCorp’s consolidated net profit in the third quarter of the current financial year increased by two per cent to Rs 1,108 crore. The company made this profit due to higher sales of vehicles. The leading two-wheeler manufacturer had a net profit of Rs 1,091 crore in the October-December quarter of the last financial year.
In the information given by the company to the stock market, it was told that the operating income increased to Rs 10,260 crore in the third quarter of the financial year 2024-25, which was Rs 9,788 crore in the same quarter of the previous financial year.
Its sales volume in the third quarter of the current financial year was 14.64 lakh units, which was 14.60 lakh units in the same quarter of the previous financial year. Let us tell you that the country’s largest two-wheeler manufacturer announced an interim dividend of Rs 100 per share (5,000 per cent) last month.
- Hero joined hands with Honda in 1984 and established a new company Hero Honda Motors Limited.
- After working together for about 27 years, both companies separated in 2011.
- Hero started a new business under the name HERO MOTO CORP and dropped the Honda brand name and logo.
- Currently, Pawan Munjal is the executive chairman and full-time director of the company.
- The company’s business is spread across more than 47 countries.
- The company market camp is 90 thousand crore. The company has more than 11 crore customers.\
- companies More than 9000 service centres and showrooms, 7 manufacturing plants in the country.
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗