India's Hero MotoCorp up; CFO says price hikes, PLI benefits to help margins eventually

Hero Motocorp

12/06/2026 07:13

** Shares of Hero MotoCorp HROM.NS rise as much as 2.7% to 4,966 rupees, last up 1.4%; India's benchmark Nifty 50 index .NSEI up 0.9%
** HROM's CFO Vivek Anand, during fireside chat as part of JP Morgan India Auto CXO series, said margins could be weak in the near term but gradual price hikes and benefits from govt's production linked incentive in EVs should aid improvement going forward
** While HROM stock is attractively valued, investor concerns are centered on continued market-share loss - note
** "Market shift away from motorcycles should continue to be a headwind, but HROM did manage to offset some of this through gains in scooters and EVs in FY26," JP Morgan says
** JP Morgan says co's market share in scooters and EVs would continue to rise in the medium term
** HROM down ~15% YTD vs ~11% fall in NSEI

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))