Hero MotoCorp Slumps 5% After Weak October Sales; Hits Six-Week Low

Hero MotoCorp

Hero MotoCorp Share Price: Shares of Hero MotoCorp, the world’s largest two-wheeler maker, fell sharply in Tuesday’s trade (November 4), slipping 5% to ₹5,258 — the lowest level in six weeks.

The stock came under pressure after the company reported its October sales data, showing weaker-than-expected domestic volumes, even as exports maintained strong momentum.

The company’s domestic wholesale volumes fell 8% year-on-year to 6,04,829 units, compared to 6,57,403 units in the same month last year. Year-to-date domestic dispatches also declined 3.2% to 34,86,604 units.

Exports, however, continued to strengthen. Overseas shipments rose to 30,979 units from 21,688 units a year ago, and are up significantly year-to-date at 2,06,976 units versus 1,35,862 units last year.

Overall sales (domestic + exports) dipped 3% in October to 6,35,808 units.

Global expansion gains traction

During the month, Hero MotoCorp entered key European markets — Italy, Spain, the UK and France — with Euro5+-compliant models including the Hunk 440 and Xpulse 200. With operations spanning 52 countries across five continents, the company strengthened its global footprint further.

The Global Business posted an exceptional performance in the first half of FY26, delivering 1,75,997 units — a strong 54% YoY growth — and capturing a global market share of 1.4%.

Backed by a robust product pipeline, healthy domestic demand, and expanding global presence, Hero MotoCorp said it remains optimistic about sustaining growth through the rest of FY26.