Hero Moto has emerged as a major beneficiary of the demand uptick – its market share has improved by 300 basis points to 37.7% so far in 2022.
Synopsis
The two-wheeler retail volume has been rising on a month-on-month basis since February 2022 to reach 12.2 lakh units in May. Hero Moto has emerged as a major beneficiary of the demand uptick – its market share has improved by 300 basis points to 37.7% so far in 2022.
ET Intelligence group: The stock of Hero MotoCorp has lost 13% over the past 12 months compared with the 6% gain in the S&P BSE Auto index. The poor performance by the country’s largest motorcycle maker reflects the lower sales volume of the entry-level bikes where Hero Moto is a leader. However, now the scenario looks more optimistic given improving demand, rising farm income, and the company’s foray into the electric vehicles (EV)
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