Hero MotoCorp shares decline 4% after lower-than-expected October sales

Shares of Hero MotoCorp Ltd. declined over 4% on Tuesday, November 4, after the company reported weak auto sales for October on Monday.

Its total sales declined 6.5% in October to 6.36 lakh units from 6.79 lakh units last year. It was also below a CNBC-TV18 poll of 6.89 lakh units.

The two-wheeler marker's domestic sales declined 8% in October to 6.04 lakh units from 6.57 lakh units in the same period last year.

However, Hero MotoCorp's total exports increased 42% to 30,979 units compared to 21,688 units in the year-ago period.

The company is set to report its September quarter earnings next week on November 13, 2025.

Last month, Hero MotoCorp said it is entering the Spanish market via a distribution partnership with Noria Motos, a subsidiary of the ONEX Group.

This marks the two-wheeler maker's entry into its 50th international market, strengthening its growing presence across Europe after its recent debut in Italy.

As per the partnership, Noria Motos will distribute Hero's Euro 5+ compliant motorcycles, initially through around 30 official sales and service outlets across Spain, expanding to over 50 by 2026 and a fully-deployed network by 2028.

Shares of Hero MotoCorp were trading 4.3% lower at ₹5,299 apiece around 11.10 am. The stock has gained 40.6% in the last six months.

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