Hero dispatches 5.08 lakh motorcycles and scooters in May 2025
Globally, Hero MotoCorp maintained robust momentum, particularly in Bangladesh and Colombia, with exports holding steady at 18,704 units. The company also expanded its premium retail network, Premia, to over 100 locations across India, strengthening its presence in the premium segment.In marketing, VIDA's 'Charging Simple Hai' campaign, launched during the IPL season, highlighted the convenience of its removable battery technology, which allows charging from any standard 5-amp socket. On the motorsport front, Hero MotoSports Team Rally added Austrian rider Tobias Ebster to its roster. The team performed strongly at the South African Safari Rally, with Ignacio Cornejo finishing 6th and FIM world champion Ross Branch securing 11th despite a fall.Subscribe to Auto Today Magazine
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First Post
11 hours ago
- First Post
IPL team owners announced as 'strategic partners' for The Hundred teams
On Wednesday, the England and Wales Cricket Board (ECB) confirmed that owners of four Indian Premier League franchise owners have been named 'strategic partners' for teams in The Hundred. They are set to take over operational control by 1 October this year. read more Four IPL team owners have been confirmed for The Hundred League. Image: Reuters Four Indian Premier League franchise owners were on Wednesday confirmed as 'strategic partners' by the England and Wales Cricket Board (ECB) for teams in 'The Hundred' and will gain operational control by October 1 this year. The sport's governing body in England said in a release that the deals with these partners, which includes India's GMR, Sun TV Network Limited, RPSG Group, and Reliance Group, will unlock 'hundreds of millions of pounds for game-wide growth'. STORY CONTINUES BELOW THIS AD IPL team owners buy stake in The Hundred The ECB said two more partners including Reliance Group for a stake in the Oval Invincibles are set for 'a formal completion at later date'. These IPL team owners had acquired their respective stakes in The Hundred's teams over recent months. Some of them, including the owners of Mumbai Indians, Lucknow Super Giants and Sunrisers Hyderabad, own teams competing in South Africa's premier T20 competition SA20. 'The England and Wales Cricket Board (ECB) today confirmed a landmark achievement in the evolution of The Hundred, with deals now complete with the first six strategic partners for The Hundred teams,' the board said. 'The remaining two are set for formal completion at a later date. They remain on track, in line with the ECB having offered investors the option of completing later.' While RPSG Group, which owns the Lucknow Super Giants, will have a 70 per cent stake in Manchester Originals, the Sun TV Network Limited, the owners of the Sunrisers Hyderabad, will have a 100 per cent ownership of the Northern Superchargers. The GMR Group, which co-owns the Delhi Capitals team, will have a 49 pert cent stake in the Southern Brave team. The other deals include Tech Titans having a 49 per cent stake in London Spirit, Knighthead Capital Management, LLC on behalf of its investors 'Knighthead' having a similar 49 per cent stake of Birmingham Phoenix, and Washington Freedom having a 49 per cent stake in Welsh Fire. The ECB said two deals which remain on track to formally complete later on include Reliance Group's 49 per cent stake in the Oval Invincibles and Cain international & Ares Management's 49 per cent stake in the Trent Rockets. 'This pivotal moment sees The Hundred become the first UK sports competition to secure franchise partnerships of this scale, drawing on world-class expertise from across global sport, media, technology, and finance,' the ECB said. STORY CONTINUES BELOW THIS AD 'Each new investor brings a tailored vision and expertise to their team, reflecting the growing commercial and cultural momentum behind The Hundred,' it added. The ECB said an amount exceeding 500 million pounds will be shared between professional counties and the 'grassroots game' when all the deals are complete. 'This announcement follows the exclusivity period launched earlier this year, during which selected investors entered final-stage negotiations,' it said. 'In most cases, investors will operate their franchise in The Hundred in partnership with the host club. They will take over operational control from October 1, 2025,' the board added. The ECB continued, 'Collectively, the eight partnerships represent a valuation of the teams of over 975 million pounds, with more than 500 million pounds now set to be invested into the English and Welsh cricket ecosystem.' 'This includes a dedicated 50 million commitment to grassroots cricket, ensuring the game continues to thrive at every level, with the remainder distributed to professional counties.' ECB chairman Richard Thompson said, 'The sheer scale of global interest we've seen throughout this process highlights just how much potential remains to be unlocked.' The board added that while the new partners are investing in the teams in The Hundred, the 'ECB retains full ownership of the competition itself'. STORY CONTINUES BELOW THIS AD 'With that, control over key areas such as regulations, the length of the window and other matters that have a wider game-wide impact,' it said. A new board will be established including ECB representatives and the teams including both investors and host clubs. This board will have 'delegated authority over certain defined matters relating to the strategic direction and commercial growth.
News18
12 hours ago
- News18
Hero Xoom 160 Now Open For Bookings, All Set To Hit Showrooms By August-End
Last Updated: Priced at Rs 1.49 lakh (ex-showroom), the scooter is now set to enter showrooms by the end of August, with deliveries expected to begin soon after. Hero MotoCorp has officially opened bookings for its much-awaited Xoom 160 maxi-scooter. Priced at Rs 1.49 lakh (ex-showroom), the Xoom 160 made its debut earlier this year, but buyers were left waiting for the official sales to begin. Now, with bookings underway, deliveries are expected to start by the end of August. Design & Features The Xoom 160 is designed with a sporty edge, featuring an aggressive front fairing, dual LED headlamps, and a tall windshield that gives it a bold road presence. Other design highlights include ta wide handlebar, a single-piece seat, and sharp, creased side panels. The scooter also comes with modern features such as: Performance At the heart of the Xoom 160 lies a 156cc, liquid-cooled, single-cylinder engine that delivers 14.6 bhp at 8,000 rpm and 14 Nm of torque at 6,500 rpm. Hero has equipped the Xoom 160 with telescopic front forks and dual rear shock absorbers for better handling and comfort. It rides on 14-inch alloy wheels with dual-purpose tyres, making it capable of tackling a variety of road conditions. Safety is enhanced with disc brakes on both ends. Rivals The Hero Xoom 160 will go head-to-head with the Yamaha Aerox 155, which already has a loyal fanbase. With Hero's strong dealer network and competitive pricing, the Xoom 160 could be a game-changer in the maxi-scooter space. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
13 hours ago
- Time of India
Tata Motors' Iveco takeover to fuel global CV ambitions but not without risks
Tata Motors has agreed to acquire Italian commercial vehicle maker Iveco in what would become its largest-ever acquisition, surpassing the 2008 Jaguar Land Rover (JLR) deal. The acquisition of Iveco, Europe's fourth-largest truck and bus maker maker, is widely seen as a strategic move by Tata Motors to elevate its commercial vehicle (CV) business from a mainly domestic focus into a significant global force. Tata Motors offer is aimed at acquiring 100% of Iveco's common shares with a subsequent delisting of Iveco Group from the Euronext Milan stock exchange. The all-cash offer valued Iveco at about Rs 3.8 billion ($4.4 billion). Both companies believe that having Iveco operate as a wholly-owned unit of the Mumbai-based automaker is crucial for its sustainable success and long-term value creation. Iveco has a diversified business with 74% of revenues from Europe and the rest from South America, Africa, and Oceania. "This combination is a strategic leap forward in our ambition to build a future-ready commercial vehicle ecosystem," said Girish Wagh , executive director of Tata Motors. "By integrating the strengths of both organisations, we are unlocking new avenues for operational excellence, product innovation and customer-centric solutions." He said the combination of Tata Motors and Iveco would allow them to cater to diverse mobility needs across markets, delivering sustainable transport solutions. Through the deal, Mumbai-based Tata Motors would gain access to advanced electric vehicle and hydrogen powertrain technologies, a broader product lineup, and immediate entry into several new markets. With minimal overlap in product lines and geographies, the merged entity would have annual sales of over 540,000 vehicles and combined revenues of around Rs 22 billion (Rs 2.2 lakh crore). Operations would span Europe (50%), India (35%), and the Americas (15%), with a growing presence in Asia and Africa, the companies said in a joint statement. The partnership is expected to enhance innovation in sustainable mobility, improve operating leverage, and unlock efficiencies by sharing capital investments across a larger volume base. It will also enhance Iveco's powertrain arm, FPT, expanding its global reach and capabilities, it said. The deal excludes Iveco's defence business, which is being spun off and sold to Italy's Leonardo in a separate transaction. "This acquisition will help Tata Motors become a global player-an ambition it has harboured since it acquired Korean commercial vehicle maker Daewoo Motor in 2004, but which remained largely unfulfilled," said VG Ramakrishnan, managing partner at Aventeum Advisors , a transaction advisory firm. On the domestic front, Tata Motors' share in the CV market has been declining amid rising competition and product gaps in key segments. It fell to 37.1% in FY25 from 41.7% in FY23, according to data from the road transport ministry's Vahan portal. Earnings, however, improved thanks to better realisation and cost control despite pressure on volumes. The acquisition of Iveco could thus plug one of Tata Motors' most critical weaknesses. "It will also help Tata Motors strengthen its position in the significant intermediate commercial vehicle (ICV) segment, where rival Eicher has a strong presence and Tata has struggled," said Mahantesh Sabarad, an auto industry expert. "But the timing of this deal is delicate, given the CV business is being separated and prepped for re-listing sans passenger vehicles. An acquisition of this size could be a bit of a stretch for the company," said Sabarad, referring to Tata Motors' plan to split its passenger and CV businesses into separate listed entities. Iveco's technology is not new to Indian roads. In 1987, the Italian company became a shareholder and technology partner in Ashok Leyland , helping launch a new generation of trucks powered by Iveco engines and platforms. Though the Hinduja Group bought out Iveco's stake in 2007, its engineering legacy continues to influence Ashok Leyland's product design. Market reaction to the news has been mixed. Tata Motors shares closed nearly 3.5% lower on Wednesday after reports emerged of the potential acquisition.
