Hero MotoCorp posts record FY26 with ₹46,830 crore revenue as it bets on EVs, premium bikes

Hero MotoCorp reported record FY26 revenue of ₹46,830 crore and PAT of ₹5,268 crore, selling 6.47 million two-wheelers. Chairman Pawan Munjal remains India's highest-paid auto executive as the company doubles down on premium bikes, EVs via VIDA and Novus, and AI-led mobility.

— Source publishedThu, 16 Jul, 2026, 13:54 IST·First seen Thu, 16 Jul, 2026, 14:08 IST·Source Financial Express · BrandWagon

What happened

Hero MotoCorp posted record FY26 revenue of ₹46,830 crore and PAT of ₹5,268 crore, selling 6.47 million two-wheelers. Chairman Pawan Munjal remains India's

Key facts

  • ₹46,830 crore revenue
  • ₹5,268 crore PAT
  • 6.47 million units sold

Why this matters

The dual push into premium bikes and EVs via VIDA and Novus plus AI-led mobility flags appetite for tech partnerships, EV supply-chain tie-ups, or targeted acquisitions.

What to watch

  • Monthly two-wheeler retail volumes and rural vs urban split
  • VIDA EV monthly registration numbers vs Ola/TVS/Bajaj Chetak
  • EV subsidy policy (FAME/state) changes affecting unit economics
  • Commodity input costs (steel, aluminium) and gross margin trend
  • Premium segment (Harley X440, Karizma) sales trajectory
  • Expect analyst upgrades on FY27 volume and margin guidance post record print
  • Watch for expanded VIDA/Novus dealership rollout and new premium launches
  • Possible capacity/capex announcements for EV lines and AI-mobility initiatives
  • Peers (TVS, Bajaj, Ola Electric) intensify premium and EV positioning in response

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