Hero MotoCorp aims to break even in its EV business by reaching 25,000-30,000 monthly unit sales, with FY25 sales up 175% and EBITDA improving to -95%
At 02:47 PM; the BSE Auto index, the second largest gainer among sectoral indices, was up 2 per cent, as compared to 1.5 per cent rise in the BSE Sensex.
Export surge and electric scooter demand lift Hero MotoCorp's FY25 profit by 16.9 per cent to ₹4,376 crore, even as domestic sales show modest growth
Hero MotoCorp Q4 FY25 result: The company has recommended a final dividend of ₹65 per share
Q4 FY25 company results: GAIL (India), Aditya Birla Capital, and GlaxoSmithKline Pharmaceuticals will also be releasing their Jan-March quarter results on May 13
On the bourses, Hero MotoCorp shares were in demand, with the scrip rising up to 2.70 per cent to hit an intraday high of Rs 3958.40 per share.
Hero MotoCorp on Friday said its dispatches to dealers declined 43 per cent to 3,05,406 units in April hit by a three-day production pause at four plants. The company dispatched 5,33,585 units to dealers in April last year. Domestic sales declined to 288,524 units last month, down from 5,13,296 units in April last year. Exports stood at 16,882 units last month as against 20,289 units in the year-ago period. The company said it recorded 5.05 lakh registrations for its internal combustion engine (ICE) two-wheelers in April. The company has maintained a consistent month-on-month increase in retail market share throughout 2025, it added. As part of a planned operational strategy, the company implemented a temporary production halt from April 17-19 at its Dharuhera, Gurugram, Haridwar, and Neemrana facilities to facilitate supply chain alignment and conduct scheduled maintenance and infrastructure enhancements; normalisation is anticipated in May, it said.
Production will be temporarily paused from April 17 to April 19 at four manufacturing plants
Hero MotoCorp maintained its leadership in the two-wheeler retail sales last fiscal with sales of over 54 lakh units amid enhanced competition in the vertical, as per the latest FADA data. Honda Motorcycle & Scooter India took second spot with sales of over 47,89,283 units. Hero MotoCorp sold a total of 54,45,251 units last fiscal with a market share of 28.84 per cent as compared with market share of 25.37 per cent for the Japanese two-wheeler maker, according to the automotive dealer' body FADA. TVS Motor company secured third position last fiscal with sales of 33,01,781 units, achieving a market share of 17.49 per cent. Overall, two-wheeler registrations rose 8 per cent to 1,88,77,812 units as compared to 1,75,27,115 units in 2023-24. In the passenger vehicle segment, Maruti Suzuki India continued to lead comfortably with retail sales of 16,71,559 units, registering a market share of 40.25 per cent. The auto major had sold 16,08,041 units in FY24 with a market share of 40.6 per
The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.
The fall in auto stocks came after the US President Donald Trump, on Wednesday, announced that he would impose a 25% tariff on all cars imported into the US that are not manufactured domestically
Hero MotoCorp's stock rose as much as 3.1 per cent during the day to ₹3,711.9 per share
Shares of Hero MotoCorp were down 2% to Rs 3,455.30 on the BSE in intra-day deal and were trading at its lowest level since November 2023.
The Ministry of Corporate Affairs (MCA) on Monday said it is examining the probe report on the affairs of Salt Experiences and Management Pvt Ltd (SEMPL) and Hero MotoCorp Ltd, and that no final conclusion should be drawn at this stage. In June 2023, an investigation was ordered into the affairs of SEMPL and Hero MotoCorp for alleged irregularities and the investigation was carried out through the Office of Regional Director (Northern Region) under the ministry. Later, the report was submitted to the ministry. In a statement on Monday, the ministry said the investigation report into the affairs of the two companies is under examination and that "no final conclusion should be drawn in this matter at this stage". The statement came amid recent reports claiming that the ministry has found no breach of corporate governance or fund diversion in the investigation. The ministry had ordered the probe in public interest under Section 210(1)(c) read with Section 216 of the Companies Act, 201
Barring tractors, wholesale volume performance during February 2025 was muted across most segments
These two-wheeler makers' stocks have plunged between 40 per cent and 66 per cent from their respective 52-week highs
The Nifty 50 index has shed nearly 13% in the last five straight months, its longest losing streak since November 1996; equalling its second-worst ever in the 30-year history.
The country's largest two-wheeler maker Hero MotoCorp expects double-digit revenue growth next fiscal riding on the back of continued investments on new products and segments, according to Chief Financial Officer Vivek Anand. The company, which reported a revenue of Rs 10,260 crore for the December quarter, also anticipates a double-digit revenue growth in the current fiscal. "This year, the guidance we have given is for double-digit revenue growth. Looking at our first nine months performance and looking at how this quarter (fourth) has started, we believe that there will be a repeat next year, a double-digit revenue growth," Anand said in an analyst call. The company's consolidated revenue from operations for FY24 stood at Rs 37,789 crore as compared with Rs 34,158 crore in FY23. On the business outlook, he noted that the company would continue its investments behind new products and segments. "We remain consistent in our commitment towards investing behind the premium and EV ..
Company's market share is at its lowest in a decade, key executives are leaving, and new product launches have not performed as expected
Hero MotoCorp faces mounting challenges as market share declines, sales dip, and rivals like TVS and Honda gain ground. Leadership exits and EV struggles add to the pressure