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Home News Good rains, rural demand may keep Hero in top gear

Good rains, rural demand may keep Hero in top gear

Volume outperformance in the motorcycle segment in the June quarter and the twowheeler’s status as a preferred vehicle to play the rural consumption theme are likely to hold investor interest in Hero MotoCorp, India’s largest motorcycle maker. The stock is trading at close to its long-term average, which offers comfort at a time when stocks with earnings visibility are trading at distended valuations. In the June quarter, Hero’s motorcycle volume grew 7 per cent, compared with 3 per cent for the market. At a time when there was demand disruption due to the GST transition, Hero MotoCorp’s strategy of pushing wholesale numbers by dispatching vehicles to dealerships worked well and aided in both market share gain and margins. The company had maintained its average inventory level of 5-6 weeks in May-June. Hero MotoCorp was able to consolidate its market share in its core economy and executive segment bikes. Its share in the economy and executive segments rose 8 and 3 percentage points, respectively, in the past year to 59.8 per cent and 72.4 per cent. This shows the strength of Hero’s brand in the low-engine segment. The company is likely to continue outperforming the motorcycle market with its new launches, bringing in additional volumes over the next few quarters, and help from an expected improvement in the rural economy. INDO SCHOTTLE AWARDED FOR BEST DELIVERY PERFORMANCE IN INDIA Indo Schottle Auto Parts Private Limited has been awarded the Global Quality Award by Honeywell Transportation Systems -a world leader in Turbocharger Business. Speaking on being conferred with the award, Vijay Pusalkar, Chairman, Indo Schottle said, “It is matter of pride to receive this prestigious award at the Global Suppliers Conference held at Geneva in this year, amongst 300 global suppliers from Europe, North America, India and China. Indo Schottle has also been awarded with best Delivery Performance 2017 in India as well”. Since past five years the Company has also received Best Quality and Delivery performance awards from Global Turbocharger manufactures, Indian Car and Motorcycle manufacturers.

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

About Indo Schottle Auto Parts Private Limited:

Indo Schottle Auto Parts Private Limited a leading Precision Components Manufacturer was founded in 1985 by Mr Vijay Pusalkar, and supplies Engine Parts, Turbocharger components, Fuel Injection and Hydraulic Components for Automotive and Off Highway applications in India and worldwide. It exports 50 per cent of its products to North America, Europe and China. Indo Schottle has five plants in India at Pune and Belgaum, all of which are certified for TS16949 and 14001 standards. Indo Schottle has been supplying precision components to almost all Indian Automotive OEMs and Global Customers with flawless Quality and has been meeting 100 per cent of the delivery requirements .It has world Class machines, modern quality equipment and very capable heat treatment facilities at Pune and Belgaum.

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