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Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, registered a healthy double-digit retail growth of 20% over the corresponding festive period of FY'22.
Hero MotoCorp's range of two-wheeler will soon get expensive by up to Rs 1,000, as the company announces price hike to offset increasing manufacturing costs.
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Shares of Hero MotoCorp gained over 3 per cent today after the two-wheeler firm reported over two-fold rise in consolidated profit after tax for the quarter ended June 2022. Profit for Q1 stood at Rs 585.58 crore riding on higher sales against Rs 256.46 crore in the corresponding period of last fiscal. Hero MotoCorp stock gained 3.02 per cent intraday to Rs 2844.8 against the previous close of Rs 2,760. 90 on BSE.
Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 445,580 units in July 2022, signaling a steady sequential growth.