Hero MotoCorp rises on entering into strategic partnership with Gogoro Inc
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Hero MotoCorp is currently trading at Rs. 2863.40, up by 15.25 points or 0.54% from its previous closing of Rs. 2848.15 on the BSE.
The scrip opened at Rs. 2820.00 and has touched a high and low of Rs. 2864.80 and Rs. 2810.70 respectively. So far 7366 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3628.55 on 18-Feb-2021 and a 52 week low of Rs. 1845.85 on 24-Apr-2020.
Last one week high and low of the scrip stood at Rs. 2925.00 and Rs. 2743.05 respectively. The current market cap of the company is Rs. 56797.52 crore.
The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 55.87% and 9.37% respectively.
Hero MotoCorp and Gogoro Inc. have entered into strategic partnership to accelerate the shift to sustainable electric mobility in India. The partnership brings together the company and Gogoro, the global leader in urban battery swapping and smart mobility innovation.
The companies will establish a battery swapping joint venture to bring Gogoro’s industry leading battery swapping platform to India and will collaborate on electric vehicle development to bring Hero branded, powered by Gogoro Network vehicles to market.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
