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29	29	The new manufacturing facility of Hero MotoCorp is coming up at Chittoor, in the southern Indian state of Andhra Pradesh.
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	32	+[[image:HEROMOTOCO0.jpg]]
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31	31	= Research and Development =
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33	33	The state-of-the-art, world-class Center of Innovation and Technology (CIT) at Jaipur, in the northern Indian state of Rajasthan, is the global hub of Hero’s Research and Development.
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58	58	* Xpulse 200T
59	59	* Xtreme 200S
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	66	+[[image:HEROMOTOCO1.jpg]]
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61	61	= Business Overview =
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63	63	FY 2018-19 was a roller-coaster year for the two-wheeler industry. After a healthy first half, the second half turned into a rough ride on account of insurance price increase, liquidity crunch and agriculture sector slowdown. Overall, the two-wheeler industry grew by a moderate 5% compared to the previous year (FY 2017-18). The two-wheeler industry volumes for full year were 21.17 million units. During the year, ABS/CBS compliance was implemented with effect from April 1, 2019 and compliant variants were launched through the second half of the fiscal year.{{footnote}}https://www.heromotocorp.com/en-in/uploads/Annual_Reports/pdf/20190715054601pdf266.pdf{{/footnote}}
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145	145	**On May 11 2020,** Around 10,000 units of motorcycles and scooters have already been sold since the reopening of these customer touch-points, Hero MotoCorp said in a statement. In April, there were no vehicles manufactured and dispatched to dealers. The company reported zero sales across domestic and overseas markets.{{footnote}}https://www.business-standard.com/article/markets/hero-motocorp-gains-6-after-claims-10-000-sales-in-a-week-120051100301_1.html{{/footnote}}
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	156	+**Hero MotoCorp Q3 net profit jumps 23%; company declares interim dividend **{{footnote}}https://www.moneycontrol.com/news/business/earnings/hero-motocorp-q3-net-profit-jumps-23-company-declares-interim-dividend-6452181.html{{/footnote}}
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	158	+**February 05, 2021**; Two-wheeler major  Hero MotoCorp on February 4 reported 23.17 percent jump in its December quarter net profit at Rs 1,084.47 crore on the back of strong revenue growth. The company had reported a profit of Rs 880.41 crore in the same quarter last fiscal.
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	160	+Revenue of the company increased by 39.7% at Rs 9,775.77 crore against Rs 6.996.73 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) was up 36.1% at RS 1,413.6 crore against Rs 1,038.9 crore, while margin was at 14.5 percent versus 14.8 percent.
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	162	+The board of directors declared an interim dividend at 3,250% i.e. Rs 65 per equity share (face value of Rs 2 per equity share) for the financial year 2020-21.
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	165	+Further, the board declared a special interim dividend of Rs 100 crores at 250% i.e. Rs 5 per equity share, to mark the achievement of historic milestone of achieving 100 million cumulative production of two-wheelers, taking the aggregate interim dividend declared to 3,500% i.e. Rs 70 per equity share.
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	167	+It has fixed February 16, 2021 as record date for determining entitlement of members for the purpose of payment of interim dividend. The payment of interim dividend/ dispatch of dividend warrants will be completed by March 6, 2021.
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147	147	= References =
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149	149	{{putFootnotes/}}