India's Hero MotoCorp leads losses in auto index after exports slide in August

Hero Motocorp

02/09/2026 09:21

** Two-wheeler maker Hero MotoCorp's shares HROM.NS fall as much as 6.98%, their steepest intraday drop in 17 months, to 5,167 rupees
** HROM leads the losses in the auto index .NIFTYAUTO, which is down 2.7%
** Domestic sales rose 4.5% year-on-year to 568,398 units, while exports fell 24.6% to 26,093 units in August
** UBS says BAJA and HROM continue to lose market share; terms HROM's sales increase in August "modest"
** HROM underperformed in August, with exports weakening due to the ongoing Middle East crisis, says Motilal Oswal
** HROM down 9.6% in 2026 so far, underperforming 1.7% drop in auto index .NIFTYAUTO, exchange data shows

(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))