Hero MotoCorp posts strong Q2 FY26 results, eyes EV expansion

Hero MotoCorp announced its highest-ever Q2 FY26 revenue of Rs 12,126 crore, a 16% growth over the previous year, with PAT at Rs 1,393 crore, also up 16%. For H1 FY26, revenue reached Rs 21,705 crore (5% growth) and PAT was Rs 2,519 crore (8% growth). The EBITDA margin expanded to 15.0% for the quarter and 14.8% for H1 FY26. Consolidated figures for Q2 FY26 were Rs 12,218 crore revenue and Rs 1,321 crore PAT, while H1 FY26 saw Rs 21,946 crore revenue and Rs 3,027 crore PAT.

The company's board approved an additional investment of Rs 170 crore for a Global Part Center (GPC) 2.0 at Tirupati, Andhra Pradesh, expected to commence commercial operations by FY 2027-28. This comes amidst strategic leadership appointments including Harshavardhan Chitale as chief executive, Kausalya Nandakumar as chief business officer – EMBU, and Latika Taneja as head for corporate communications. Additionally, Dhiraj Kapoor resigned as company secretary and compliance officer.

Product strategy focused on strengthening the 100cc-125cc line-up and rapid scaling of VIDA EV business, which achieved a record 11.7% market share and launched VIDA VX2 EVOOTER in Europe. Global business dispatches grew by 77%, with market entry into Europe and the UK.