JP Morgan has reiterated its overweight rating on Hero MotoCorp with a target price of ₹6,850 per share, stating that the company’s market share recovery appears sustainable as industry demand strengthens and dealer confidence improves. The brokerage said festive-season sales outperformed industry trends, supported by healthier inventory levels, stronger retail processes and a favourable rural demand backdrop.
JP Morgan also highlighted Hero’s expanding electric-vehicle presence, noting that the company already holds a strong state-level market share despite capacity limitations. The brokerage added that refreshes across core motorcycle segments, new premium offerings and broader product upgrades are driving the double-digit growth trajectory. With inventory stabilising and market sentiment improving, JP Morgan believes Hero is well-positioned to sustain share gains and strengthen its competitive standing across both ICE and EV categories.
Disclaimer: The views and recommendations above are those of JP Morgan. Business Upturn does not endorse them. Please consult a financial advisor before making investment decisions.
