Hero MotoCorp Posts Above Estimates Q3 Numbers; Price Increases, Cost Savings Drive Beat: Motilal Oswal 
Niti Aayog wants two-wheelers under 150cc to go all-electric by 2025, a push vehemently opposed by Hero MotoCorp, Bajaj Auto and TVS Motor. (Photographer: Pankaj Nangia/Bloomberg News)

Hero MotoCorp Posts Above Estimates Q3 Numbers; Price Increases, Cost Savings Drive Beat: Motilal Oswal 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Hero MotoCorp Ltd.’s strong performance was driven by cost management and price increases to offset cost inflation.

Domestic demand recovery and continued traction in weak areas (scooter, premium motorcycle, and exports) are key monitorables.

We have raised our earning per share estimate for FY21/FY22E by 5%/7%, factoring in price increases and cost savings.

Click on the attachment to read the full report:

Motilal Oswal Hero MotoCorp Q3FY21 Result Update.pdf

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