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Hero MotoCorp sold more than 1.4 million units in festive months

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Hero MotoCorp

Hero MotoCorp sold more than 1.4 million units in festive months

Hero MotoCorp announced on Wednesday that it has sold more than 1.4 million units during the festive period from the first day of Navratri to Tuesday and 32 days after Bhai Dooj. This translates to about 43,000 units sold on each of these days.

Recognizing that despite the challenges caused by the Kovid-19 epidemic this year, Hero MotoCorp stated that sales were 98% over the 2019 festive period. Therefore, it has enabled the company to reduce vehicle stock. In less than four weeks at their dealership, the lowest post-fest list ever.

Hero MotoCorp’s sales this year include the 100cc Splendor + and HF Deluxe, 125cc motorcycle glamor and Super Splendor and the Xtreme 160R and XPulse range in premium segment.

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Lender of England’s Andrew Bailey admits FCA did not do enough to protect victims of LCF minibonds

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Bank of England’s Andrew Bailey admits FCA did not do enough to protect victims of LCF minibonds

Bailey was responding to penned thoughts from the Treasury Select Committee just after he testified about his function in the regulator’s failures to protect the 11,300 largely elderly victims of the LCF collapse.

Answering what have been the “lessons learned”, he wrote that the FCA experienced prioritised large expense credit history due to the fact it took the check out that the likely harm these loans pose to vulnerable individuals was the best.

Even though he brought in procedures identified as NRRS demanding merchandise like LCF’s minibonds must only be bought to rich or advanced buyers, it had proved not to be more than enough to shield people today who fell outside the house those people types.

“I believe that the end result on large cost credit has been a substantial reward for all those who were, and would have been victims, but LCF has raised severe thoughts on the efficiency of the NRRS rules with attendant classes.

“As a final result, the FCA has banned internet marketing of these types of large risk investments.”

Quite a few of the victims of the LCF collapse say they ended up neither refined nor wealthy. Quite a few ended up elderly and economically naive.

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