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Hero MotoCorp: Q1 disappoints, but there's hope of a better second half

Volumes and margins are expected to improve on the back of a good monsoon and decline in raw material costs, respectively

Hero MotoCorp | Q1 results | Companies

Devangshu Datta 

Hero Motocorp
Hero MotoCorp.

The 2-wheeler market industry has been reeling from the combination of supply chain issues, high raw material costs and weak demand. While demand continues to look weak going by sales data from July, the Q1 (April-June quarter) results indicate some degree of stability on the supply chain front with chip sourcing becoming less difficult and the costs of RM (raw materials) may also have leveled off as metal prices corrected through Q1.



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First Published: Tue, August 16 2022. 08:56 IST