The risks to growth are increasingly real now, said Antonio Fatas, a Singapore-based economics professor at global business school INSEAD.
The country's largest two-wheeler maker Hero MotoCorp has increased its lead over rival Honda Motorcycles and Scooters India (HMSI) to over 2.15 lakh units in the first two months of the current fiscal
The scooters have been designed with quick acceleration, high storage space and new features like park assist, remote diagnostics, and on-board navigation.
The charging stations will be backed by a cloud-based mobile app to help vehicle owners navigate to the nearest charging stations.
HDFC Securities is bullish on Hero MotoCorp has recommended buy rating on the stock with a target price of Rs 4403 in its research report dated May 03, 2018.
Prabhudas Lilladher recommended accumulate rating on Hero MotoCorp with a target price of Rs 3980 in its research report dated May 02, 2018.
Edelweiss recommended hold rating on Hero MotoCorp with a target price of Rs 4061 in its research report dated May 02, 2018.
ICICI Direct is bullish on Hero MotoCorp has recommended Buy rating on the stock with a target price of Rs 4300 in its research report dated May 03, 2018.
Dolat Capital recommended accumulate rating on Hero Motocorp with a target price of Rs 4095 in its research report dated May 07, 2018.
Sharekhan bullish on Hero MotoCorp has recommended buy rating on the stock with a target price of Rs 4200 in its research report dated May 02, 2018.
"We believe margins would be stable in future due price increases and cost controls will help offset the impact of higher commodity prices and increase in competitive intensity," says Sumit Bilgaiyan, Founder of Equity99.
"With the forecast of a normal monsoon this year and a strong pipeline of new products coming up, the company is confident of sustaining its growth momentum in the coming months," Hero MotoCorp said in a statement.
"At current market price of Rs 3,668, the stock seems expensive to us and earnings growth in coming quarters and onset of monsoons will drive the trend of stock prices," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
The growth is likely to be driven by strong sales volumes.
The upward revision in prices of bike and scooter models has been done to partially off-set rising input costs, including the prices of commodities, Hero MotoCorp said in a regulatory filing.
Competitors TVS Motor Company and Bajaj Auto raised prices earlier this month
Net Sales are expected to increase by 22.9 percent Y-o-Y (up 16.4 percent Q-o-Q) to Rs. 8,502.2 crore, according to KR Choksey.
Net Sales are expected to increase by 23.9 percent Y-o-Y (up 17.3 percent Q-o-Q) to Rs. 8,570 crore, according to HDFC Securities.
Net Sales are expected to increase by 25 percent Y-o-Y (up 18.3 percent Q-o-Q) to Rs. 8,641.2 crore, according to ICICI Direct.
The company had sold 6,09,951 units in the corresponding month last year, Hero MotoCorp said in a statement.
The company is clearly on track to achieve the stated objective of 1 crore annual unit sales by the year 2020, the official added.
Speaking on the occasion, Naidu said that the company would invest about Rs 1,600 crore in the first phase for making improved and latest versions of bikes. The two wheeler giant would also invest another Rs 1,600 crore for development of ancillary units here, Naidu said.
The facility, which will be the eighth manufacturing unit of the company, will have an annual installed capacity of 1.8 million units, to be achieved in three phases.
HMCL Netherlands BV, a wholly owned subsidiary of Hero MotoCorp, had formed the JV -- HMCL Colombia in 2014 holding 51 per cent stake with Woven Holdings LLC, a firm incorporated in the US.