Hero MotoCorp rises on joining ONDC Network
Hero MotoCorp is currently trading at Rs. 4958.05, up by 70.10 points or 1.43% from its previous closing of Rs. 4887.95 on the BSE.
The scrip opened at Rs. 4920.00 and has touched a high and low of Rs. 5044.00 and Rs. 4904.70 respectively. So far 25973 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5,044.00 on 14-May-2024 and a 52 week low of Rs. 2611.05 on 15-May-2023.
Last one week high and low of the scrip stood at Rs. 5044.00 and Rs. 4415.00 respectively. The current market cap of the company is Rs. 100386.41 crore.
The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.69% and 8.55% respectively.
Hero MotoCorp has joined the ONDC Network, thereby becoming the first auto company in the country to join the network. Hero MotoCorp already has the largest physical distribution and service network in Indian Auto Industry. Partnering with ONDC will further enhance the reach and convenience, providing an easily accessible digital mode to customers. The Open Network will initially offer two-wheeler parts, accessories and merchandise. Customers can easily discover Hero Genuine Parts by using any buyer apps on the Network, such as Paytm and Mystore, among others.
By improving reach and creating a fair and efficient environment for Hero MotoCorp’s channel partners, this integration speeds up order processing by enabling hyperlocal deliveries backed by Hero MotoCorp’s extensive physical distribution.
As Hero MotoCorp onboards onto the Network, it further strengthens the Digital India mission, helping drive the country's digital transformation and economic growth while revolutionizing the digital automotive marketplace.
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
