"In the real sense, this will be the first time we will be participating at the Auto Expo with our own technology although we took part in the last expo independently after separation from Honda. Our display this time will give a clear picture of where this company is going, where we are headed," Hero MotoCorp Managing Director and CEO Pawan Munjal.There will be some concepts, even including those which will soon see commercialisation, a complete range of bike and scooters, he added.
"These are developed with our own technology and also some in collaboration with our partners," Munjal said, adding, the displays at the auto expo would showcase the company's research and development initiatives, progress and prowess.
The Auto Expo will be held at the India Expo Mart in Greater Noida. While February 5-6 will be press days, public days are from February 7-11.
In the last Auto Expo held in 2012, the company had displayed the concept hybrid scooter - LEAP, which it had indigenously developed with the help of an international consultant. The scooter was aimed to be equipped with an engine that gets started on when the battery power comes down.
The company has also called all its global and domestic distributors for the event, during which it also plans to have riding experience sessions.Munjal said riders of Team Hero EBR in the Superbike World Championship, Geoff May and Aaron Yates will also come for the Auto Expo to add muscle to the company's efforts.
Hero Motocorp stock price
On January 17, 2014, Hero Motocorp closed at Rs 2075.15, up Rs 1.25, or 0.06 percent. The 52-week high of the share was Rs 2214.70 and the 52-week low was Rs 1434.05.
The company's trailing 12-month (TTM) EPS was at Rs 104.77 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 19.81. The latest book value of the company is Rs 250.70 per share. At current value, the price-to-book value of the company is 8.28.
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