Business Standard

Hero MotoCorp to lose top spot in 2-wheeler sales to HMSI: Elara Capital

Rural states, such as Uttar Pradesh, Bihar and Jharkhand, have fallen higher in September on a MoM basis

Hero Motocorp
Premium

Representative Image

Deepak Patel New Delhi
Hero MotoCorp will lose its top spot in monthly domestic two-wheeler sales to Honda Motorcycle and Scooter India (HMSI) in September for the first time since May 2020, stated Elara Capital in a report on Friday, based on national vehicular registry Vahan's data.

"September retail figures for HMCL (Hero MotoCorp) were at 222,712 units until September 28 while HMSI's 255,909 units," the report added.

The brokerage and research firm said that the cause for concern for HMCL is that in terms of market share in rural states, HMCL has lost month-on-month (MoM) market share in the range of 100-800 basis

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 30 2022 | 11:09 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com