Electric Is Way Forward for Hero Motocorp, Says Chairman

The transcript discusses Hero MotoCorp's achievements, including reaching 100 million customers, and its strategic responses to the pandemic. It outlines plans for product development, focusing on premium and electric vehicles, and highlights international market expansion, particularly in Africa and Latin America. The company also discusses its investment strategies and financial planning.

What does the 100 million customer milestone indicate about Hero MotoCorp?

• It highlights the company's manufacturing and sales strengths.

• It shows a decline in customer trust.

• It suggests a need for more marketing.

• It indicates a decrease in production.

How did Hero MotoCorp respond to the pandemic?

• By halting all operations indefinitely.

• By focusing solely on urban markets.

• By strategizing early and reopening quickly.

• By reducing production volumes.

What is the focus of Hero MotoCorp's new product strategy?

• Eliminating partnerships with other brands.

• Reducing the number of new products.

• Focusing on premium and scooter segments.

• Increasing commuter segment products.

What is the significance of Hero MotoCorp's partnership with Harley-Davidson?

• It suggests a shift away from premium products.

• It shows a focus on middleweight and larger bikes.

• It indicates a move towards smaller engine bikes.

• It highlights a reduction in product variety.

What are the three streams Hero MotoCorp is working on for electric vehicles?

• Partnering with Harley-Davidson, internal R&D, and Hero Hatch.

• Investing in a startup, internal R&D, and Hero Hatch.

• Investing in a startup, a new factory, and Hero Hatch.

• Investing in a startup, internal R&D, and a new factory.

Which international markets are a priority for Hero MotoCorp?

• Europe and North America.

• Africa and Central and South America.

• Southeast Asia and Australia.

• Middle East and South Asia.

What is Hero MotoCorp's plan for its cash reserves?

• To distribute it as dividends.

• To invest in new technologies and markets.

• To buy back company shares.

• To save it for future emergencies.