LKP Research's research report on Hero Motocorp
Hero Motocorp Ltd (Hero) is concentrating on launching new products in the premium category, expanding the EV portfolio to include more affordable options, establishing new Premia stores and Vida Hubs, and upgrading existing stores and service centres to Hero 2.0 standards. Additionally, the rise in enquiries from rural areas, especially for vehicles with engine capacities of 125cc and above, boosts management’s confidence in outpacing the average industry growth rate in FY25.
Outlook
The company maintains a long-term EBITDA margin guidance of approximately 14-16%. Maintain BUY with a price objective of ₹5,796.
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