According to initial estimates, 2022-23 saw sales of 38.9 lakh units, a 27 percent growth over the 30.7 lakh units despatched in 2021-22, buoyed by multiple tailwinds
Domestic sales in FY23 stood at 51,55,793 units compared to 46,43,526 units in FY22, a growth of 11 percent, while exports were lower at 1,72,753 units compared to 3,00,624 units in FY22, the company said.
Niranjan Gupta, who is being elevated from his current role as CFO and head of strategy, will take charge from May 1
Pawan Munjal, the present CEO, will continue as executive chairman and whole-time director on the company's board, it added.
On March 28, about 1010 shares advanced, 2448 shares declined, and 97 shares were unchanged. Take a look at the top gainers and losers.
Kotak Institutional Equities has maintained a reduced rating on Hero MotoCorp Ltd and lowered its target price to Rs 2400 from Rs 2600 earlier.
Sameet believes traders can find ample opportunities in the beaten spaces and for investors, this decline would provide opportunity to accumulate quality stocks in a staggered manner.
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From April 1, vehicles will need to have an on-board self-diagnostic device to monitor the real-time driving emission levels.
Anand Rathi is bullish on Hero MotoCorp has recommended buy rating on the stock with a target price of Rs 2855 in its research report dated March 16, 2023.
The two are used to gauge rural demand but the contrast in volume growth points to change in consumer behavior. Better crop output, improving rural incomes behind tractor sales growth.
Two-wheelers, which had seen a sustained drop in numbers on a year-on-year basis, finally saw sales moving upwards in February.
Deficient rains can be a bane for agri- and rural-centric companies, while proving to be a boon for sectors that offer respite from scorching heat
Whether it is tractors, two-wheelers, trucks, or cars, the demand momentum is likely to continue
CLSA anticipates tractor volumes to rise 13.6 percent YoY, driven by strong winter crop production and prices. Overall, CLSA's analysis suggests that M&M is poised for growth across multiple business segments, leading to their bullish outlook and upgraded rating.
Weakness in 2W continues and bad-monsoon fears loom
India appears to be in the midst of a K-shaped recovery, with some parts of the economy doing well, while others are struggling. Read on for a sector-by-sector analysis
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The country's largest two-wheeler maker, which ships its products to various geographies in Asia, Latin America and Africa, also plans to scale up its presence in the domestic premium segment.
Emkay Global Financial is bullish on Hero Motocorp has recommended buy rating on the stock with a target price of Rs 3380 in its research report dated February 08, 2023.
Motilal Oswal is bullish on Hero MotoCorp recommended buy rating on the stock with a target price of Rs 3100 in its research report dated February 08, 2023.
Sharekhan is bullish on Hero MotoCorp has recommended buy rating on the stock with a target price of Rs 3006 in its research report dated February 08, 2023.
HDFC Securities is bullish on Hero Motocorp has recommended buy rating on the stock with a target price of Rs 2959 in its research report February 08, 2023.
Prabhudas Lilladher is bullish on Hero Motocorp has recommended buy rating on the stock with a target price of Rs 3135 in its research report dated February 08, 2023.
Gross margin per vehicle hit record highs though promotional spends went up significantly too