Hero MotoCorp’s Growth Mileage: Nationwide Recovery to Increase Market Share

Hero MotoCorp, a major player in the two-wheeler market, has seen its stock rise 9 percent since the beginning of the month. This increase, driven by the largest motorcycle company by volume, is attributed to expectations of a revival in rural sales due to normal monsoons, government measures to boost consumption, recent market share gains and a large valuation discount compared to peers.

In the near term, the company’s volume performance and growth trajectory, especially in the rural and entry-level markets, are expected to be the key drivers.

After 35 percent year-on-year volume growth in April,

First print: June 9, 2024 | 10:59 PM IST