# Hero MotoCorp Q1 profit surges on EV, premium bike sales

2026-08-10T09:06:17+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Hero MotoCorp's June quarter revenue rose 36% from a year earlier to Rs 13,000 crore, helped by 23% volume growth to 16.8 lakh units. A shift to electric vehicles, scooters and premium variants delivered an 8% positive mix benefit. Core ICE portfolio grew 21%, while EV sales jumped 151%. The company raised prices by about 4.5% across ICE models and early double-digit for EVs after West Asia war-driven cost inflation. Gross margin fell 475 bps on-year to 28.5%, but Ebitda margin dropped only 114 bps to 13.3%. EV inventory stands at just 2-3 days. Management plans to lift EV capacity to 45,000 units per month by FY27-end from 30,000 now.

## Coverage

- ndtvprofit.com <https://www.ndtvprofit.com/markets/hero-re-bajaj-tvs-q1-earnings-analyst-call-analysis-festive-season-fear-ev-capacity-crunch-to-export-reliance-11888454#publisher=newsstand>
- livemint.com <https://www.livemint.com/market/mark-to-market/hero-motocorp-q1fy27-earnings-stock-margin-ev-growth-11786338356204.html>

Tags: electric vehicles, entry-level slowdown, premiumisation, Q1 earnings, two-wheeler industry
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