Hero MotoCorp: Key reasons why brokerages continue to be bullish on the stock
Updated: 26 Aug 2022, 12:18 PM IST
TL;DR.Axis Securities said Hero's partnerships with Ather Energy, Gogoro Inc., and Harley Davidson will help it increase its presence in EV and premium segment bikes. Prabhudas Lilladher believes the company will benefit from the rural recovery and festive season demand and success in EV.
In July 2022, Overall two-wheeler sales stood at 10,09,574 units. According to FADA data, this was an 11% decrease from the 11,33,344 units sold in July 2021.