Hero MotoCorp shares slide over 3% as December gross sales drop 17%

Hero MotoCorp shares slid 3.5% to an intraday low of Rs 4,159.90 on the BSE after the corporate on Thursday reported a 17.5% year-on-year decline in complete gross sales for December, with volumes falling to three.24 lakh models in comparison with 3.93 lakh models in the identical month final 12 months.

The automaker offered 2.94 lakh models domestically in December, 22% decrease than the three.8 lakh models offered in the identical interval in 2023. Nevertheless, exports soared by 91%, reaching 30,754 models, up from 12,110 models in the identical interval final 12 months, in accordance with the corporate’s regulatory submitting.

In December, the corporate offered 2.98 lakh bikes, 15.8% decrease than the three.55 lakh models offered in the identical month final 12 months. Scooter gross sales fell by 32.8%, totaling 26,390 models, in comparison with 39,294 models offered in the identical month of the earlier 12 months.

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Hero MotoCorp made important strides with over 46,662 models of VIDA V1 e-scooters offered within the calendar 12 months 2024. “As we sit up for Calendar 12 months 2025, we’re poised for an thrilling journey with key product launches, together with the growth of the EV portfolio, additional strengthening of the premium portfolio, and new scooter fashions within the ICE phase,” stated Niranjan Gupta, CEO of Hero MotoCorp.

Additionally Learn: Zomato’s dream run on D-Avenue might hit a bump or twoIn December, the corporate deepened its partnership with Harley-Davidson, unveiling new trims of the Harley-Davidson X440 and planning to develop a brand new bike below their collaboration.
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Hero MotoCorp shares goal worth

In response to Trendlyne, 23 out of 37 analysts suggest a ‘purchase or sturdy purchase’ on Hero MotoCorp shares, with seven suggesting a ‘maintain’ and one other seven advising a ‘promote or sturdy promote.’ The common 12-month goal worth is Rs 5,307, indicating a possible upside of 23% from present ranges.

Hero MotoCorp shares efficiency

On Thursday, Hero MotoCorp shares closed at Rs 4,310, down 0.11% on the BSE, whereas the benchmark Sensex rallied 1.83%. The inventory has declined 25% over the previous three months however surged 58% within the final three years. The corporate’s market capitalization stands at Rs 86,210 crore.

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