HERO MOTOCORP LTD.

Hero MotoCorp Ltd. has announced the appointment of Mr. Srihari Mulgund as the Chief Strategy Officer, effective August 17, 2026. Mr. Mulgund brings over 24 years of experience in the global automotive sector, with expertise in engineering, product development, and strategy planning. He previously served as a Partner at EY-Parthenon, leading strategic engagements in areas like EV, battery technology, and new-age mobility. His appointment is expected to bolster Hero MotoCorp's strategic initiatives and innovation efforts, particularly in shaping future growth and technology adoption within the company.

Hero MotoCorp announced its Q1 FY27 financial results, reporting a significant 36% year-on-year revenue growth to ₹12,999 Crore and a 29% increase in Profit After Tax (PAT) to ₹1,454 Crore. The company sold 16.77 lakh units, a 23% increase over the previous year. Consolidated revenue grew 35% to ₹13,126 Crore, with PAT at ₹1,418 Crore (excluding a one-time gain from the previous year). The company also approved setting up a new entity for CSR initiatives and launched flex-fuel variants of Splendor+ and HF Deluxe. VIDA, its electric mobility arm, saw 151% growth.

Hero MotoCorp Ltd's Board of Directors, in a meeting held on August 6, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved the setting up of a new company under Section 8 of the Companies Act, 2013, to manage Corporate Social Responsibility initiatives. The financial results were reviewed by Deloitte Haskins & Sells LLP, who confirmed no material misstatements were found.

Hero MotoCorp Ltd announced at its Board Meeting on August 6, 2026, the approval of unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Additionally, the board approved the establishment of a new company under Section 8 of the Companies Act, 2013, named 'Hero MotoCorp Foundation - A Santosh Munjal Legacy'. This entity will be a wholly-owned subsidiary focused on Corporate Social Responsibility (CSR) initiatives, with an initial investment of ₹1 crore. The meeting also included the review of the limited review report and a press release related to the financial results.

Hero MotoCorp's consolidated revenue rose 35% YoY to ₹13,126 Cr on 23% volume growth (16.77 lakh units), comfortably ahead of Street estimates of ~30% revenue growth. Consolidated PAT of ₹1,418 Cr looks like a 17% YoY decline against last year's ₹1,706 Cr, but that base included a ₹722 Cr one-off gain from dilution of the Company's stake in associates (Ather Energy's public issue/private placement) — strip that out and adjusted YoY PAT growth is roughly +44%. Standalone PAT, unaffected by the associate-level one-off, grew a clean 29% YoY to ₹1,454 Cr, in line with the press release's own framing and ahead of Street's ~12% PAT growth estimate; on a beat/miss basis this quarter reads as a beat on both revenue and underlying profit. Margins compressed as flagged: consolidated EBITDA of ₹1,746 Cr implies a 13.3% margin, down from 14.5% a year ago and 14.8% last quarter, tracking almost exactly the Street's pre-print expectation of ~13%. This is the "transitionary impact" management called out on the May concall — commodity headwinds (aluminium up ~13%, higher steel costs) pressuring the standalone raw-material line (up to 71% of standalone revenue from 65.7% YoY) — and the company remains short of its own medium-term 14-16% EBITDA margin band, consistent with guidance rather than a miss against it. Industry volume guidance was for high-single-digit growth with Hero growing ahead of the industry; 23% volume growth clears that bar decisively. Business-level detail supports the topline: PAM (parts/accessories) revenue was ₹1,689 Cr, +30% YoY; VIDA (electric) grew 151% YoY; Global Business was up 63% YoY on a re-entry into Ecuador and a UK premium launch; Harley-Davidson grew 105% YoY with the dealership network expanded to 21 outlets. The Group's share of associate losses narrowed to -₹43.89 Cr this quarter from -₹52.27 Cr last quarter, a small tailwind versus the prior quarter's drag. The quarter also saw two Ather Energy warrant investments (₹960 Cr on July 15, up to ₹1,000 Cr committed July 14) and entry into Germany as the Company's 53rd global market — both consistent with the stated EV-and-global expansion capex plan management flagged last quarter (>₹1,500 Cr planned capex). CEO Harshavardhan Chitale's framing of "broad-based growth" across premium, EV, commuter and global segments is borne out numerically — every disclosed segment metric grew double digits or more. Going into Q2, the key swing factor remains whether commodity cost relief and calibrated price hikes can pull consolidated EBITDA margin back toward the 14-16% medium-term band the Company has reaffirmed, without denting the volume momentum this quarter demonstrated.

Hero MotoCorp has appointed Mr. Anuj Dua as the Chief Business Officer (CBO) – Premium Segment, effective August 3, 2026. This strategic move aims to accelerate the company's growth in the premium mobility sector. The company is strengthening its premium portfolio with new product launches like Glamour X, Xtreme 125R, Xtreme 250R, Xoom 160, XPulse 210, and the Harley-Davidson X440 T. The Hero Premia retail network has also expanded to over 130 stores. This initiative is part of a broader strategy to enhance customer experience, leverage global partnerships, and integrate advanced technologies and motorsport learnings into its premium offerings.

Hero MotoCorp reported strong double-digit growth in July 2026 with total dispatches of 533,416 units, a 19% increase year-on-year. The company's domestic ICE business saw a 19% growth with 478,689 units dispatched. The Emerging Mobility unit, VIDA, dispatched 22,714 units and expanded its global footprint by debuting in Nepal, alongside unveiling a refreshed brand identity 'VOOM' and a new 4.4 kWh variant. The Global Business unit dispatched 32,013 units, entering Ecuador and Germany. Hero MotoCorp also laid the foundation stone for its second Global Parts Center in Tirupati, Andhra Pradesh, to enhance its supply chain network and expand EV production capacity.

Hero MotoCorp's electric mobility brand, VIDA, has launched a new variant of its electric scooter, the VIDA EVOOTER VX2 Go FB, priced at INR 1,13,000/-* (ex-showroom, New Delhi). This new model features direct-plug charging and a 3.1 kWh fixed battery, offering an IDC-certified range of 128 km. It expands the VIDA EVOOTER VX2 lineup, providing customers with a choice between direct-plug convenience and removable battery flexibility. The scooter is equipped with a 6 kW motor, a top speed of 70 km/h, 27.2 litres of under-seat storage, a 4.3-inch LCD with smartphone connectivity, and DC fast-charging capabilities. VIDA is also strengthening its ownership ecosystem with over 5,900 fast-charging stations and 700+ service touchpoints nationwide. The new variant will be available across dealerships starting early August.

Hero MotoCorp announced the global debut of its electric mobility brand, VIDA, in Nepal. This marks VIDA's first international market entry, partnering with CG Motors (Chaudhary Group). The launch includes the VIDA VX2 EVOOTER range (VX2 Plus and VX2 Go) and the VIDA DIRT.E K3 youth off-roader. The VX2 EVOOTER variants offer advanced technology, optimal range, and fast charging, with the VX2 Plus boasting a 140 km range and the VX2 Go a 75 km range. The DIRT.E K3 is an electric off-roader for younger riders with parental controls and award-winning design. This expansion into Nepal signifies Hero MotoCorp's commitment to sustainable mobility and leveraging its decade-long presence in the country.

Hero MotoCorp has officially entered the German market, marking its fifth European presence and 53rd country globally. The company has partnered with KSR Group to introduce its Euro 5+ compliant product portfolio, led by the XPulse 200 4V series. This expansion into Europe's largest economy signifies Hero MotoCorp's growing global business strength and commitment to the region. The launch event was held at Motorworld Metzingen, showcasing the XPulse 200 4V and XPulse 200 Pro models, priced at €2990 and €3290 respectively. KSR Group will establish over 28 sales and service outlets initially, with plans for rapid expansion. Hero MotoCorp is offering a five-year warranty to German riders.