Shares of Hero MotoCorp fell more than 3% after December sales fell 17%

Shares of Hero MotoCorp fell 3.5% on BSE to Rs. 4,159.90 hit an intra-day low after the company on Thursday reported a 17.5% year-on-year decline in total sales in December, with volumes falling to 3.24 lakh units compared to 3.93 lakh units. Last year in the same month.

The automaker sold 2.94 lakh units domestically in December, down 22% from the 3.8 lakh units sold in the same period in 2023. However, exports rose 91% to 30,754 units as against 12,110 units in the same period last year. For the company’s regulatory filings.

In December, the company sold 2.98 lakh motorcycles, which is 15.8% lower than the 3.55 lakh units sold in the same month last year. Scooter sales fell 32.8% to a total of 26,390 units, as against 39,294 units sold in the same month last year.

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Hero MotoCorp has made significant progress with 46,662 units of VIDA V1 e-scooter sold in calendar year 2024. “Looking forward to calendar year 2025 we are set for an exciting journey with key product launches including expansion of the EV. portfolio, strengthening the premium portfolio and new models of scooters in the ICE segment,” said Niranjan Gupta, CEO, Hero MotoCorp.

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In December, the company deepened its partnership with Harley-Davidson, unveiling new trims of the Harley-Davidson X440 and plans to develop a new bike under their collaboration.
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Hero MotoCorp share target price

According to Trendlyne, 23 out of 37 analysts recommend a ‘buy or strong buy’ on Hero MotoCorp shares, with seven recommending a ‘hold’ and another seven a ‘sell or strong sell’. The average 12-month target price is Rs 5,307, indicating a potential upside of 23% from current levels.

Hero shares MotoCorp’s performance

On Thursday, shares of Hero MotoCorp fell 0.11% on the BSE to Rs. 4,310, while the benchmark Sensex rose 1.83%. The stock has fallen 25% over the past three months but is up 58% over the past three years. The market capitalization of the company is Rs. 86,210 crores.

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