Hero MotoCorp launches two bikes priced up to Rs 51,550

The company launched 100 cc Splendor Pro Classic, which has a cafe racer styling, priced at Rs 48,650 (ex-showroom Delhi) and another 100 cc on-road-off-road bike Passion Pro TR at Rs 51,550 (ex-showroom Delhi).

Country's leading two-wheeler maker Hero MotoCorp today launched two new products in the market to cash-in on the festive season.

Commenting on the launches, the company said: "Having kicked-off the festive season with record 6-lakh plus sales in September, Hero MotoCorp has lined-up a slew of new products, including refreshes and variants in the festive season."

Hero MotoCorp had reported over 30 per cent jump in sales in September to six lakh units, riding on strong festive season demand.

The company said Splendor Pro Classic offers a distinct riding experience with its cafe racer styling and its features include classic single seat, vintage style café cowl and sporty handle bar.

On the other hand, the Passion Pro TR offers an adventurous ride to young Indian bikers with its ability to take them off the conventional roads, it added.

Hero Motocorp stock price

On October 08, 2014, Hero Motocorp closed at Rs 2803.50, down Rs 8.25, or 0.29 percent. The 52-week high of the share was Rs 3080.00 and the 52-week low was Rs 1907.00.

The company's trailing 12-month (TTM) EPS was at Rs 106.33 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 26.37. The latest book value of the company is Rs 280.43 per share. At current value, the price-to-book value of the company is 10.00.

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