Hero MotoCorp needs to recover market share in 125cc bike segment: CFO

Hero MotoCorp is considering separate unit for EVs

Hero MotoCorp on Wednesday said that the firm needs to recover its market share in the 125-cc engine motorcycle segment as it sees an opportunity in building a premium portfolio.

Hero MotoCorp's sales in the 111cc-126 cc motorcycle segment increased by 5.65 per cent year-on-year to 452,274 units in April-December of FY23, according to data by SIAM.

However, other players such as Honda Motorcycle and Scooter India, Bajaj Auto and TVS Motor saw a growth of 29.91 per cent, 48.84 per cent and 291.78 per cent, respectively, in the segment during the same period.

"On our domestic internal combustion engine