Hero Motocorp plans to strengthen its market position by launching new products in the premium segment and expanding its electric vehicle offerings.
The company aims to establish new Premia stores and Vida Hubs, upgrade existing outlets and service centers, and achieve Hero 2.0 standards.
The company is optimistic about growth, especially in rural areas where there is increased demand for vehicles with engine capacities of 125cc and above. This is expected to help Hero Motocorp surpass the industry's average growth rate in FY25.
LKP Research has given a "BUY" rating for Hero Motocorp with a price target of ₹5,796.
The company targets a long-term EBITDA margin of approximately 14-16%.
The stock is currently trading at ₹4,830.70, showing a decrease of 0.83% with a trading volume of 389,677 shares.