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Time of India

Hero MotoCorp shares in focus as June sales rise 10% on strong exports, EV push

Shares of Hero MotoCorp are set to be in focus on Wednesday after the two-wheeler giant reported a 9.6% year-on-year rise in total sales for June, driven by a sharp recovery in exports and continued momentum in its electric vehicle portfolio. Hero MotoCorp's total sales rose to 5.54 lakh units in June 2025, up from 5.03 lakh units in the same month last year, the company said in a stock exchange filing on Tuesday. Domestic volumes stood at 5.25 lakh units, a 7% increase over June 2024, while exports more than doubled to 28,827 units from 12,032 units a year ago. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Semua yang Perlu Anda Ketahui Tentang Limfoma Limfoma Pelajari Undo Of the total vehicles sold, motorcycles accounted for 5.13 lakh units, marking an 8% rise over the previous year. Scooter sales jumped 36.7% year-on-year to 41,305 units, compared to 30,220 units in June 2024. The company also recorded 3.94 lakh Vahan registrations across both urban and rural markets, underlining sustained domestic demand. Hero MotoCorp sold over 7,178 units of its VIDA V1 e-scooter during the month, reflecting growing acceptance of its electric offerings. Live Events EV focus and premium tie-up The company, in collaboration with Harley-Davidson, unveiled the 2025 model year line-up and pricing for Harley-Davidson motorcycles in India as part of its broader push to strengthen its presence in the premium two-wheeler segment. Hero also launched the VX2 Go (2.2kWh) and VX2 Plus (3.4kWh) electric scooters, priced at Rs 99,490 and Rs 1,09,990, respectively. According to brokerage Nuvama, the new models enhance Hero's EV portfolio, noting that 'Vida remains the only brand offering removable batteries.' Nuvama has maintained a 'buy' rating on the stock with a target price of Rs 5,100, highlighting the company's goal 'to double E-2W volumes and capture a 12–15% market share by end-FY26E' and its ambition 'to secure a top-three position among E-2W OEMs by FY27E.' Hero MotoCorp shares closed 0.26% lower at Rs 4,226 apiece on Tuesday, while the broader Nifty 50 rose 0.10% the same day. The stock is down 24.58% over the past year but has gained 1.57% year-to-date. Also read | Hero MotoCorp sales up 10 per cent in June ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)