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Hero MotoCorp Tax Demand Slashed from ₹177.96 Cr to ₹27 Cr via CIT(A) Orders
Hero MotoCorp has received favorable appeal orders from the Commissioner of Income Tax (Appeals) regarding reassessment for multiple assessment years between 2013-14 and 2019-20. The total tax demand has been significantly reduced from ₹177.96 crore to just ₹27 crore, representing a relief of approximately ₹151 crore. The company intends to contest the remaining ₹27 crore demand before higher appellate authorities. This development reduces potential contingent liabilities and is a positive outcome for the company's financial position.
Key Highlights
CIT(A) issued appeal orders for Assessment Years 2013-14 to 2017-18 and 2019-20
Total tax demand reduced by ₹150.96 crore, from an initial ₹177.96 crore to ₹27 crore
Company to file further appeals for the remaining ₹27 crore demand before higher authorities
Orders were received on March 11, 2026, following previous litigation updates in April and May 2024
💼 Action for Investors
Investors should view this as a positive resolution of a significant tax uncertainty. No immediate action is required as the company continues to contest the residual amount.
Hero MotoCorp Reports Strong 44% Y-o-Y Dispatch Growth with 5.58 Lakh Units in Feb 2026
Hero MotoCorp reported a robust 44% year-on-year growth in total dispatches for February 2026, reaching 5.58 lakh units compared to 3.88 lakh units last year. The performance was bolstered by strong demand in the 100cc-125cc motorcycle segment and a significant surge in scooter volumes. The company's electric vehicle brand, VIDA, saw its market share triple with 12,514 registrations, while global exports grew by 34% to 41,248 units. Overall YTD volumes for FY26 stand at 5.87 million units, reflecting steady growth over the previous fiscal year.
Key Highlights
Total dispatches grew 44% Y-o-Y to 558,216 units in February 2026.
Scooter segment volumes increased significantly to 58,460 units from 35,756 units last year.
Global business exports rose 34% Y-o-Y to 41,248 units, driven by the premium portfolio.
VIDA EV brand recorded 12,514 VAHAN registrations, achieving a 3X growth in market share.
Domestic sales reached 516,968 units, up from 357,296 units in the previous year.
💼 Action for Investors
Investors should monitor the sustainability of this growth, particularly in the EV and premium segments, which are driving margin expansion. The strong export performance also provides a healthy hedge against domestic market fluctuations.
Hero MotoCorp Q3 FY26: Record Revenue of ₹12,328 Cr, Normalized PAT Up 20% YoY
Hero MotoCorp reported its highest-ever quarterly revenue of INR 12,328 crores for Q3 FY26, marking a 21% year-on-year growth. Normalized PAT rose 20% to INR 1,489 crores, excluding a one-time labor code provision of INR 119 crores. The company demonstrated strong operational efficiency with ICE business EBITDA margins expanding by 100 bps to 17%, while the EV brand VIDA achieved a 10.8% market share. Management highlighted robust growth in global markets and the parts business, which reached record revenues of INR 1,673 crores.
Key Highlights
Highest ever quarterly revenue of INR 12,328 crores, up 21% YoY
ICE business EBITDA margins expanded to 17%, driven by pricing and LEAP savings
Global business volumes grew 41% YoY with market share rising to 7.5%
VIDA EV market share expanded to 10.8% with improved unit economics
Maintained dominant 91% market share in the Deluxe 100cc motorcycle segment
💼 Action for Investors
Investors should view the margin expansion in the core ICE business and the rapid scaling of the EV and premium portfolios as strong growth catalysts. The company's leadership in the entry segment combined with successful premiumization makes it a solid pick for long-term exposure to the Indian two-wheeler recovery.
Hero MotoCorp Declares Rs 110 Dividend and Rs 275 Cr Investment in Euler Motors
Hero MotoCorp has announced a substantial interim dividend of Rs 110 per share for FY 2025-26, representing a 5,500% payout on face value. The company is also deepening its EV sector presence with an additional investment of Rs 275 crore in Euler Motors. Furthermore, the board approved green energy investments totaling approximately Rs 7.92 crore for solar projects at its Haridwar and Neemrana plants. Alongside these financial moves, Mr. Prabhat Singh has been appointed as the new Company Secretary and Compliance Officer.
Key Highlights
Declared an interim dividend of Rs 110 per equity share with a record date of February 11, 2026.
Approved an additional investment of Rs 275 crore in Euler Motors Private Limited.
Allocated Rs 7.92 crore for solar power wheeling projects under the Group Captive Mechanism.
Appointed Mr. Prabhat Singh, a Fellow CS with 17 years of experience, as Company Secretary.
Approved standalone and consolidated financial results for the quarter ended December 31, 2025.
💼 Action for Investors
Investors should track the February 11 record date to qualify for the significant Rs 110 per share dividend payout. The increased investment in Euler Motors indicates a strong strategic commitment to the electric vehicle ecosystem.
Hero MotoCorp Declares Rs 110 Interim Dividend and Rs 275 Cr Investment in Euler Motors
Hero MotoCorp has announced a substantial interim dividend of Rs 110 per share (5,500%) for FY 2025-26, with the record date set for February 11, 2026. The company is also deepening its commitment to the EV sector with an additional investment of Rs 275 crore in Euler Motors. Furthermore, the board approved nearly Rs 8 crore in solar power projects for its Haridwar and Rajasthan plants under the group captive mechanism. These strategic moves, alongside the Q3 FY26 results, highlight a balance between high shareholder returns and sustainable expansion.
Key Highlights
Declared an interim dividend of Rs 110 per equity share with a record date of February 11, 2026.
Approved an additional investment of Rs 275 crore in Euler Motors Private Limited through primary and secondary routes.
Allocated a total of Rs 7.92 crore for Solar Power Wheeling Projects at Haridwar, Neemrana, and Jaipur facilities.
Appointed Mr. Prabhat Singh as the new Company Secretary and Compliance Officer effective February 5, 2026.
Dividend payment to be completed by March 7, 2026, following the record date.
💼 Action for Investors
Investors should ensure they hold shares by the February 11 record date to qualify for the Rs 110 dividend. The Euler Motors investment is a positive long-term signal for Hero's electric vehicle ecosystem strategy.
Hero MotoCorp to Invest Rs 275 Cr in Euler Motors and Declares Rs 110 Interim Dividend
Hero MotoCorp has approved an additional investment of Rs 275 crore in Euler Motors, an EV manufacturer, which will increase its stake to approximately 36% on a fully diluted basis. Alongside this strategic move, the company declared a substantial interim dividend of Rs 110 per equity share (5,500%) for FY 2025-26. Euler Motors has shown rapid growth, with its turnover increasing from Rs 49 crore in FY23 to Rs 191 crore in FY25. The board also approved green energy investments totaling approximately Rs 7.92 crore for its manufacturing plants.
Key Highlights
Additional investment of Rs 275 crore in Euler Motors to increase stake to ~36% by April 30, 2026
Interim dividend of Rs 110 per share announced with a record date of February 11, 2026
Euler Motors turnover grew nearly 4x in two years, reaching Rs 191 crore in FY25
Investment of Rs 7.92 crore in solar power wheeling projects for Haridwar and Neemrana plants
Appointment of Prabhat Singh as the new Company Secretary and Compliance Officer
💼 Action for Investors
Investors should benefit from the high dividend payout and the company's aggressive expansion into the high-growth commercial EV segment via Euler Motors. Maintain a positive outlook given the strong cash returns and strategic diversification.
Hero MotoCorp Q3 Revenue Up 21% to ₹12,328 Cr; Declares ₹110 Interim Dividend
Hero MotoCorp reported a robust Q3 FY26 with its highest-ever quarterly revenue of ₹12,328 crore, marking a 21% YoY growth. Normalized PAT rose 20% to ₹1,439 crore, while EBITDA margins expanded to 14.7% despite a one-time ₹119 crore charge related to new labor codes. The company rewarded shareholders with a significant interim dividend of ₹110 per share and announced a strategic ₹275 crore investment in Euler Motors to bolster its EV presence.
Key Highlights
Revenue from operations grew 21% YoY to ₹12,328 crore with 16% volume growth to 16.97 lakh units.
Normalized PAT increased 20% to ₹1,439 crore; Reported PAT stood at ₹1,349 crore after exceptional items.
Declared an interim dividend of ₹110 per share (5500%) with a record date of February 11, 2026.
EBITDA grew 23% YoY to ₹1,810 crore with margins expanding by 22 bps to 14.7%.
Approved ₹275 crore additional investment in Euler Motors and ₹7.92 crore for solar power projects.
💼 Action for Investors
The strong volume growth and margin expansion reflect healthy demand and operational efficiency. Investors should benefit from the high dividend payout and the company's aggressive expansion into the EV and premium segments.
Hero MotoCorp Declares Rs 110 Interim Dividend and Rs 275 Cr Investment in Euler Motors
Hero MotoCorp has announced a substantial interim dividend of Rs 110 per share (5,500%) for the financial year 2025-26, with the record date fixed as February 11, 2026. The company is also increasing its stake in the EV space with an additional investment of Rs 275 crore in Euler Motors Private Limited. Furthermore, the board approved green energy investments totaling approximately Rs 7.92 crore for solar power projects at its Haridwar and Neemrana plants. These announcements reflect strong cash reserves and a strategic focus on electric mobility and sustainability.
Key Highlights
Interim dividend of Rs 110 per equity share (5,500%) for FY 2025-26
Record date for dividend fixed as February 11, 2026, with payment by March 7, 2026
Additional investment of Rs 275 crore in Euler Motors via primary and secondary routes
Investment of Rs 7.92 crore in Solar Power Wheeling Projects for Haridwar and Neemrana plants
Appointment of Mr. Prabhat Singh as Company Secretary and Compliance Officer
💼 Action for Investors
Investors should note the upcoming record date of February 11 to be eligible for the Rs 110 dividend. The significant investment in Euler Motors reinforces the company's EV strategy and long-term growth potential in the commercial EV segment.
Hero MotoCorp Declares Rs 110 Interim Dividend; Rs 275 Cr Investment in Euler Motors
Hero MotoCorp has declared a substantial interim dividend of Rs 110 per share (5,500%) for FY 2025-26, with a record date of February 11, 2026. The company also announced a strategic investment of Rs 275 crore in Euler Motors to strengthen its presence in the electric vehicle segment. Additionally, the board approved investments totaling approximately Rs 7.92 crore for solar power projects at its Haridwar and Neemrana facilities. These moves indicate a strong cash position and a continued focus on sustainability and EV expansion.
Key Highlights
Interim dividend of Rs 110 per equity share (5,500%) approved for FY 2025-26.
Record date for dividend entitlement fixed as February 11, 2026, with payment by March 7, 2026.
Additional investment of Rs 275 crore in Euler Motors Private Limited through primary and secondary routes.
Capital allocation of Rs 7.92 crore for Solar Power Wheeling Projects under Group Captive Mechanism.
Appointment of Mr. Prabhat Singh as the new Company Secretary and Compliance Officer.
💼 Action for Investors
Investors should ensure they hold shares before the record date of February 11, 2026, to qualify for the Rs 110 dividend. The investment in Euler Motors signals a long-term commitment to the EV space.
Hero MotoCorp Declares Rs 110 Interim Dividend and Rs 275 Cr Investment in Euler Motors
Hero MotoCorp has announced a significant interim dividend of Rs 110 per equity share (5,500%) for the financial year 2025-26, with the record date set for February 11, 2026. The company is also strengthening its electric vehicle portfolio with an additional investment of Rs 275 crore in Euler Motors Private Limited. Furthermore, the board approved approximately Rs 7.92 crore for solar power projects at its Haridwar and Neemrana plants to promote green energy. These announcements were made alongside the approval of Q3 FY26 financial results and the appointment of a new Company Secretary.
Key Highlights
Interim dividend of Rs 110 per share (5,500%) declared for FY 2025-26
Record date for dividend entitlement fixed as February 11, 2026
Additional investment of Rs 275 crore approved for Euler Motors Private Limited
Total investment of Rs 7.92 crore in Solar Power Wheeling Projects for multiple plants
Appointment of Mr. Prabhat Singh as Company Secretary and Compliance Officer
💼 Action for Investors
Investors seeking dividend income should ensure they hold shares before the February 11 record date. The strategic investment in Euler Motors highlights the company's commitment to the EV ecosystem, which is a positive long-term indicator.
Hero MotoCorp Q3 PAT Rises 12% to ₹1,349 Cr; Announces ₹110 Interim Dividend
Hero MotoCorp reported a robust performance for Q3 FY26, with revenue from operations growing 20.7% YoY to ₹12,328.38 crore. Net profit (PAT) increased by 12.1% YoY to ₹1,348.55 crore, even after accounting for a one-time exceptional provision of ₹119 crore for new labour codes. The company rewarded shareholders with a substantial interim dividend of ₹110 per share and signaled its EV commitment with a ₹275 crore additional investment in Euler Motors.
Key Highlights
Revenue from operations increased 20.7% YoY to ₹12,328.38 crore in Q3 FY26.
Net Profit (PAT) rose 12.1% YoY to ₹1,348.55 crore despite a ₹119 crore exceptional charge.
Two-wheeler sales volumes grew 15.9% YoY to 16.97 lakh units during the quarter.
Declared an interim dividend of ₹110 per equity share (5,500%) with a record date of February 11, 2026.
Approved an additional investment of ₹275 crore in Euler Motors to bolster its electric vehicle portfolio.
💼 Action for Investors
Investors should take note of the strong volume growth and the high dividend yield, which reflect healthy cash flow and operational efficiency. The strategic investment in Euler Motors further strengthens the company's long-term positioning in the EV ecosystem.
Hero MotoCorp Jan 2026 Sales Surge 26% YoY to 5.58 Lakh Units; EV Segment Grows 21% MoM
Hero MotoCorp reported a robust 26% YoY growth in total dispatches for January 2026, reaching 5.58 lakh units. The growth was driven by a strong performance in the scooter segment and steady demand for premium motorcycles like Xtreme and Glamour X. The company's EV brand, VIDA, showed significant momentum with a 21% month-on-month increase in retail registrations. Additionally, global exports grew by 24%, indicating healthy demand in international markets alongside domestic strength.
Key Highlights
Total dispatches grew 26% YoY to 557,871 units in January 2026 compared to 442,873 units in January 2025.
Scooter segment saw significant growth, reaching 61,982 units from 42,580 units a year ago.
Global business exports increased by 24% YoY to 37,663 units.
VIDA EV registrations reached 13,000 units, marking a 21% MoM growth.
Domestic sales rose to 520,208 units, reflecting strong retail momentum across India.
💼 Action for Investors
Investors should view the strong double-digit growth in both domestic and export markets as a positive sign of demand recovery. Monitor the continued scaling of the VIDA EV brand and premium motorcycle segments for long-term margin improvements.
Hero MotoCorp Reports Robust 40% Growth in Dec 2025 Dispatches at 4.56 Lakh Units
Hero MotoCorp recorded a strong 40% YoY growth in December 2025 dispatches, totaling 4.56 lakh units compared to 3.25 lakh units last year. The growth was driven by a 45% surge in the ICE scooter segment during Q3 FY'26 and a 21% increase in global exports in December. The company's EV brand, VIDA, achieved 10,701 registrations in December, capturing an 11% market share. Overall Q3 FY'26 sales reached 16.96 lakh units, supported by new launches and premium segment expansion with Harley-Davidson.
Key Highlights
Total dispatches grew 40% YoY to 456,479 units in December 2025.
Scooter segment witnessed a notable 45% growth in Q3 FY'26 driven by new models like Destini and Xoom.
Global business exports increased by 21% in December and 41% during the Q3 FY'26 period.
VIDA EV brand recorded 10,701 VAHAN registrations in December with an 11% market share.
Expanded premium portfolio with the launch of Harley-Davidson X440 T and CVO models.
💼 Action for Investors
Investors should view this as a strong signal of market share recovery, especially in the scooter and premium segments. Monitor the sustainability of VIDA's market share and the impact of premium launches on margins in the upcoming quarterly results.
Hero MotoCorp's VIDA debuts DIRT.E K3 for young riders (4-10 years)
Hero MotoCorp's VIDA has introduced a new off-road electric motorcycle, DIRT.E K3, designed for young riders aged 4-10 years. The motorcycle features a three-stage adjustable system and is powered by a 350W continuous / 500W peak motor with a 360Wh removable battery. The introductory price for the first 300 units is INR 69,990. Deliveries will commence from January 15, 2026, in select cities.
Key Highlights
DIRT.E K3 is priced at INR 69,990 for the first 300 units.
The target age group for DIRT.E K3 is 4-10 years.
DIRT.E K3 is powered by a 350W continuous / 500W peak motor.
DIRT.E K3 has a 360Wh removable battery.
DIRT.E K3 has three ride modes with speeds of 8 km/h, 16 km/h and 25 km/h.
💼 Action for Investors
Investors should monitor the market reception of the DIRT.E K3 and its impact on Hero MotoCorp's electric vehicle segment growth. Keep an eye on VIDA's expansion plans and sales figures in the coming quarters.
Hero MotoCorp dispatches up 31% in Nov 2025, with 604,490 units
Hero MotoCorp reported a 31% YoY growth in dispatches for November 2025, reaching 604,490 units. VAHAN registrations grew 26% for October-November 2025 combined, totaling 1,882,739 units. VIDA, powered by Hero, experienced a 66% YoY growth in VAHAN registrations. Exports also saw a significant increase of 70% with 33,970 units dispatched.
Key Highlights
Dispatches grew by 31% YoY to 604,490 units in November 2025.
VAHAN registrations increased by 26% to 1,882,739 units for Oct-Nov 2025.
VIDA registrations grew 66% YoY.
Exports increased by 70% to 33,970 units.
💼 Action for Investors
Investors should note the strong growth in both domestic dispatches and exports. Monitor the performance of new models and the VIDA EV line for continued growth.