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Hero MotoCorp Q1 Results Review - Higher Spends On EV Hurts Margins: Motilal Oswal

The brokerage expects the company to deliver a volume CAGR of 8% over FY24-26E, driven by new launches in the 125cc, scooters and premium segments, and a rampup in exports.

<div class="paragraphs"><p>Hero MotoCorp bikes. (Source: Company website)</p></div>
Hero MotoCorp bikes. (Source: Company website)
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