Riding the Wave: This multibagger automobile 2/3-wheeler company receives more than 25,000 bookings for Harley-Davidson X440!
From Rs 821.70 per share to Rs 3,088 per share, the stock gave multibagger returns of 275 per cent over the past 15 years.
Riding the wave of an overwhelming response, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, has received 25,597 bookings for the Harley-Davidson X440, since opening the bookings on July 04, 2023. The booking window has now been closed, and the new booking window will be announced soon. The booking order is estimated at around Rs 600 crore.
Hero MotoCorp will start production of the Harley-Davidson X440 in September 2023 and commence customer deliveries from October onwards. The introductory ex-showroom prices have now been revised and the revised prices for the Denim, Vivid and S variants will be Rs 2,39,500, Rs 2,59,500 and Rs 2,79,500 respectively.
Mr Niranjan Gupta, Chief Executive Officer (CEO), of Hero MotoCorp, said, “We are delighted with the customer response to Harley-Davidson X440. It is heartening to see the confidence shown by the customers in Hero MotoCorp’s foray into this segment. What is even more heartening is that the majority of our bookings are coming from the top-end model, clearly indicating that customers are willing to pay a higher price for the right brand and right model. This is just the beginning of our journey to win in the premium segment. More Iconic launches will follow soon, as we ensure our presence across the portfolio.”
The Harley-Davidson X440 inherits the character of the iconic Harley-Davidson brand with its commanding road presence. With its distinctive design, all-metal body, and powerful engine, the motorcycle showcases its persona of a true performer in style. Nimble and agile in traffic, yet supremely robust and comfortable over rough terrain, Harley-Davidson X440’s ride quality opens a whole new world for inspiring riding experience.
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On Tuesday, one of the Top Gainers on BSE, shares of Hero Motocorp Ltd jumped 4.58 per cent to an intraday high of Rs 3,088 per share from its previous closing of Rs 2,952.75. The stock’s 52-week high is Rs 3.242.85 and its 52-week low is Rs 2,246.75. The shares of the company saw a spurt in volume by more than 1.21 times on BSE.
From Rs 821.70 per share to Rs 3,088 per share, the stock gave multibagger returns of 275 per cent over the past 15 years. Investors should keep an eye on this automobile stock.
Disclaimer: The article is for informational purposes only and not investment advice.