Street View: India's Hero MotoCorp set for market share gains, EV boost

Hero Motocorp

07/05/2026 06:01

May 7 (Reuters) - ** Hero MotoCorp HROM.NS, India's top two-wheeler maker, beat quarterly profit estimates on Tuesday, driven by strong domestic demand

** Shares rise 2.8% to 5,319.50 rupees, extending gains from Wednesday

EV DRIVES OUTLOOK

** Morgan Stanley ("Overweight," PT: 6,537 rupees) highlights potential market share gains in high-growth segments such as scooters and EVs, with product launches and capacity expansion supporting growth

** J.P. Morgan ("Overweight," PT: 6,430 rupees) says improving demand, stronger positioning in EVs and exports, and scope for valuation re-rating underpin a constructive view

** Macquarie ("Outperform," PT: 6,408 rupees) points to solid growth visibility driven by premiumisation, export expansion and ramp-up in scooters and EVs

** Nomura ("Neutral," PT: 5,783 rupees) notes steady earnings delivery and continued progress in exports and scooters, with expectations of margin support over time from cost pass-throughs and EV incentives

 (Reporting by Kashish Tandon in Bengaluru)

 ((kashish.tandon@thomsonreuters.com; Mobile: +91 8800437922))