Hero Motocorp says Brazil operations to start in Q4FY25, shares gain

Shares of the motorcycle major have been gaining for the last two days and has risen 2.09 percent in the period.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Two-wheeler major Hero Motocorp plans to start Brazil operations by early next year, the company said in a recent investor presentation. On August 19, the firm's share price rose 1.87 percent to touch an intraday high of Rs 5,224 per share on the NSE.

India's largest motorcycle maker, by market share, informed its shareholders that it will start Brazil operations fourth quarter of the financial year 2025. The dispatch has already started to Philippines in March 2024, it said.

In May, the company stated that it plans to set up a unit in Brazil that will be involved in manufacturing and distributing two-wheeler vehicles, parts, and accessories.

Hero had originally announced plans to enter the Brazilian market in 2014, but the plan was shelved when the Brazilian government insisted on fuel that was a mixture of petrol and ethanol, Reuters reported.

Shares of the motorcycle major have been gaining for the last two days and has risen 2.09 percent in the period.

The company's Q1FY25 standalone net profit rose 36 percent to Rs 1,122.63 crore from Rs 824.72 crore in the corresponding quarter previous year, driven by strong sales, recovery in the rural market and new launches in the 125cc segment like the Xtreme 125R. The numbers, however, missed Street estimates.

India's largest two-wheeler company's revenue from operations during the quarter under review stood at Rs 10,144 crore, which was up by 16 percent from Rs 8,767 crore reported in the corresponding period of the previous financial year.

The company also witnessed sequential improvement in retail sales.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.