Hero MotoCorp Share Price Today: Bike-maker is Biggest Beneficiary of demand in this space, says Sharekhan
Sharekhan expects Hero MotoCorp to be the beneficiary of rural demand and increased personal mobility. Hero MotoCorp’s brand equity is because of value for money products, extensive service centres, low maintenance cost and higher resale value. The company has raised its production capacity in anticipation of higher demand. The company is also making inroad in the premium bike segment in partnership with Harley Davidson. Sharekhan expects strong recovery in FY2022, driven by normalisation of economic activities, operating leverage, price hikes, and cost saving under the company’s leap programme, which would result in margin improvement.
Sharekhan expects Hero MotoCorp to be the greatest beneficiary in the sector, given its leadership and largest distribution network: Reuters