Hero MotoCorp: Despite ops returning to normal, raising volumes a challenge

The management indicated multiple positives, including lower levels of inventory, opening up of 90 per cent of retail network, lower raw material costs and cost reduction efforts

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Hero MotoCorp | auto stocks | Auto sector

Ram Prasad Sahu | New Delhi Last Updated at June 10, 2020 19:22 IST

A weak performance in the March quarter and demand worries dented the Hero MotoCorp stock, which fell 4 per cent in trade on Wednesday. The country’s largest two-wheeler maker refrained from giving FY21 growth guidance given the gradual relaxation of the lockdown across the country and a lack of firm trends of a demand reversal.

While the June quarter will be near washout, volumes for the March quarter were down 25 per cent year on year. Revenue fall, however, was limited to 21 per cent given the 5 per cent uptick in realisations on account of price hikes taken to offset costs ...

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First Published: Wed, June 10 2020. 19:16 IST

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Hero MotoCorp: Despite ops returning to normal\, raising volumes a challenge

Hero MotoCorp: Despite ops returning to normal, raising volumes a challenge

The management indicated multiple positives, including lower levels of inventory, opening up of 90 per cent of retail network, lower raw material costs and cost reduction efforts

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs

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