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Srihari Mulgund brings over 24 years of experience across engineering, product development, and strategy planning within the global automotive sector. Having worked extensively across the USA, Japan, China, and India, he has developed deep cross-cultural expertise and a strong understanding of diverse automotive markets. Prior to joining Hero MotoCorp, he was a Partner at EY-Parthenon, where he led high-impact strategic engagements across EV, battery, ICE, supply value chain and new-age mobility ecosystem. His prior experience also includes key roles at Aisin AW, FEV Inc. and serving as President of Ricardo Strategic Consulting, India.
Srihari has authored thought-leadership papers related to battery swapping, software-defined vehicles, alternate battery chemistry, and hydrogen ICE technologies. Combining deep industry knowledge with a strong understanding of technology, market dynamics, and value creation, he will play a pivotal role in shaping and advancing our forward-looking strategic initiatives including our House of Strategy.
Srihari holds a Bachelor's degree in Mechanical Engineering from the National Institute of Engineering, Mysore, an MS from the University of Toledo, and an MBA from the University of Michigan, Ann Arbor.
The company has sold 16.77 lakh units of motorcycles and scooters sold in Q1 FY27, which is higher by 23% on a year-on-year (YoY) basis. The sales volume for the same period last year was 13.67 lakh units.
Revenue from the company's parts, accessories, and merchandising (PAM) business stood at Rs 1,689 crore, thereby recroding a growth of 30% over previous year.
EBITDA improved by 25% YoY at Rs 1,727 crore for Q1 FY27 from Rs 1,382 crore in the same period in the previous year.
VIDA, Hero MotoCorp’s Emerging Mobility Business, continued its strong growth trajectory during Q1 FY27, recording 151% year-on-year growth.
The company’s global business sustained its strong growth momentum during Q1 FY’27, registering an impressive 63% year-on-year growth.
The Harley-Davidson Business also delivered exceptional 105% year-on-year growth in Q1 FY’27 over the same period last year. The Company continued to strengthen the Harley-Davidson retail ecosystem, expanding the network to 21 full-line dealerships nationwide. T
On a consolidated basis, the company has registered 17% fall in net profit to Rs 1,418 crore despite a 35% rise in revenue to Rs 13,126 crore in Q1 FY27 over Q1 FY26.
The company stated that previous year PAT included a onetime gain of Rs 722 crore on account of dilution of the company’s share of investment in associates consequent to public issue and private placement.
Harshavardhan Chitale, chief executive officer, Hero MotoCorp, said: 'We have commenced FY'27 with strong momentum, delivering broad-based growth across our premium, electric mobility, commuter segments and global business.
This performance reflects the strength and diversity of our portfolio, disciplined execution across the organisation, and our relentless focus on delivering superior value to our customers.'
Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters. The company’s global footprint spans 52 countries across Asia, Africa, Europe, Central and Latin America.
Hero MotoCorp Ltd gained for a fifth straight session today. The stock is quoting at Rs 5667, up 2.14% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.34% on the day, quoting at 24531.85. The Sensex is at 78434.98, up 0.01%. Hero MotoCorp Ltd has gained around 14.61% in last one month.
Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has gained around 7.33% in last one month and is currently quoting at 29041.3, up 1.09% on the day. The volume in the stock stood at 4.37 lakh shares today, compared to the daily average of 7.11 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 5689, up 1.97% on the day. Hero MotoCorp Ltd is up 26.64% in last one year as compared to a 0.17% slide in NIFTY and a 23.62% slide in the Nifty Auto index.
The PE of the stock is 21.03 based on TTM earnings ending March 26.
Balkrishna Industries Ltd rose 8.88% today to trade at Rs 2265.9. The BSE Auto index is up 0.29% to quote at 61237.2. The index is up 4.52 % over last one month. Among the other constituents of the index, TVS Motor Company Ltd increased 0.9% and Hero MotoCorp Ltd added 0.8% on the day. The BSE Auto index went up 15.35 % over last one year compared to the 4.72% fall in benchmark SENSEX.
Balkrishna Industries Ltd has added 3.82% over last one month compared to 4.52% gain in BSE Auto index and 1.52% rise in the SENSEX. On the BSE, 17958 shares were traded in the counter so far compared with average daily volumes of 18021 shares in the past one month. The stock hit a record high of Rs 2775 on 10 Feb 2026. The stock hit a 52-week low of Rs 1971.5 on 11 Jun 2026.
Hero MotoCorp announced its official entry into Germany through a distribution partnership with the KSR Group. The Company will introduce its Euro 5+ compliant product portfolio, led by the XPulse 200 4V series.
With this launch, Germany becomes Hero MotoCorp's fifth European market and its 53rd market globally. The Company celebrated its market entry with an exclusive launch event at Motorworld Metzingen, one of Germany's premier automotive destinations. The debut featured a curated urban riding experience, giving guests a firsthand look at the lineup's performance, technology, and rider-focused innovation.
To support this rollout, KSR Group will initially launch Hero MotoCorp product range through a network of more than 28 official sales and service outlets across major German cities, with plans of rapid expansion across the country. In addition, an extensive network of authorized dealers and technical service centers will provide seamless after-sales support with reliable service and commercial assistance. Reinforcing its commitment to German riders, Hero MotoCorp will offer an industry-leading five-year warranty, which includes a three-year standard warranty and an additional 2 years through a special launch offer.
Hero MotoCorp continued to witness healthy domestic retail momentum during the month of June 2026, with VAHAN registrations of 4.66 lakh units reflecting a growth of ~18% over the corresponding period last year.
Dispatch Data
Jun-26
Jun-25
% Change
Motorcycles
4,78,701
5,12,658
-7%
Scooters
62,458
41,305
51%
Total
5,41,159
5,53,963
-2%
Domestic
5,02,890
5,25,136
-4%
Exports
38,269
28,827
33%
Hero MotoCorp Ltd dropped for a fifth straight session today. The stock is quoting at Rs 4791.7, down 0.45% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.08% on the day, quoting at 23927.75. The Sensex is at 76618.81, down 0.14%.Hero MotoCorp Ltd has lost around 0.59% in last one month.Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has increased around 2.57% in last one month and is currently quoting at 26417.6, up 0.53% on the day. The volume in the stock stood at 7.56 lakh shares today, compared to the daily average of 7.04 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 4802.9, down 0.86% on the day. Hero MotoCorp Ltd jumped 13.39% in last one year as compared to a 6.32% slide in NIFTY and a 11.48% spurt in the Nifty Auto index.
The PE of the stock is 17.99 based on TTM earnings ending March 26.