Volume growth, market share gains key for Hero MotoCorp, going ahead

Its ability to make further inroads into premium bikes, scooters will be critical

Hero MotoCorp posted its best ever quarterly numbers, following its listed peers in the two-wheeler space, thanks to higher volumes.

While Bajaj Auto and TVS Motor reported revenue growth of 16-31 per cent respectively, Hero MotoCorp’s top line growth came in at 39 per cent.

Revenue growth was led by a jump in volumes as well as realisations. The gain in realisations came from price hikes, its portfolio tilt towards premium products, and higher revenues from parts/accessories.

In addition to new launches and restructuring across product segments, festival demand also aided growth. Its highest ever monthly volumes came in October, with the wholesale