Hero MotoCorp reported a strong performance in Q2FY’26. Revenue increased by 16% to ₹12,126 Cr. Profit After Tax (PAT) grew by 16% to ₹1,393 Cr. The company gained market share and continued its global expansion, entering European markets. EV business saw record market share, driven by the VIDA VX2 EVOOTER. The financial results were reviewed and approved by the board on November 13, 2025.
Financial Performance
Hero MotoCorp’s revenue from operations for Q2FY’26 (July-September) reached ₹12,126 Cr, reflecting a 16% increase compared to the previous year. The Profit After Tax (PAT) for the same period stood at ₹1,393 Cr, also representing a 16% growth. Volume grew to 16.91 lakh units.
H1FY’26 Highlights
For the half-year H1FY’26 (April-September):
- Revenue from operations grew by 5% to ₹21,705 Crore.
- PAT grew by 8% to ₹2,519 Crore.
- Total Volume reached 30.58 lakh units.
Business Updates
The company’s EV business, VIDA, continued its growth. The company also launched the VIDA VX2 EVOOTER. The company unveiled concepts under the VIDA NOVUS portfolio at EICMA 2025 in Milan Italy, and announced the launch of VIDA VX2 in Europe. The company also marked entry into Europe and UK markets with Euro5+ compliant portfolio.
Leadership Changes
Key leadership appointments were announced:
- Mr. Harshavardhan Chitale as company’s new Chief Executive Officer (CEO), effective Jan 5, 2026
- Ms. Kausalya Nandakumar as Chief Business Officer – Emerging Mobility Business Unit (EMBU), effective July 10, 2025
- Ms. Latika Taneja as the Head for Corporate Communications, Corporate Affairs, effective Aug 19, 2025
- Ms. Madhuri Mehta as Chief Human Resources Officer (CHRO), effective Oct 1, 2025
Additional Information
The Board of Directors approved an investment of ₹510.00 Cr in Euler Motors Private Limited. Dhiraj Kapoor resigned from the position of Company Secretary effective November 14, 2025.
Source: BSE
