CLSA maintain sell rating on Hero Motocorp
Honda Motors was on a roadshow with CLSA in Asia where they highlighted that the Indian two-wheeler market is a key focus area for the company.
By ET Bureau | Updated:
CLSA maintain Sell rating on Hero Motocorp and set a price target of Rs 1,650.
Honda Motors was on a roadshow with CLSA in Asia recently where they highlighted that the Indian two-wheeler market is a key focus area for the company.
Honda plans to expand its capacity and dealer network aggressively and is planning to launch multiple bikes in the executive 100-110cc segment over the next 2 years.
The company believes that it can offer customers a better value proposition than Hero with superior newer engines and better fuel efficiency at a similar price.
Rising competition from Honda and slowing near-term growth drive our cautious stance on Hero.
Honda Motors was on a roadshow with CLSA in Asia recently where they highlighted that the Indian two-wheeler market is a key focus area for the company.
Honda plans to expand its capacity and dealer network aggressively and is planning to launch multiple bikes in the executive 100-110cc segment over the next 2 years.
The company believes that it can offer customers a better value proposition than Hero with superior newer engines and better fuel efficiency at a similar price.
Rising competition from Honda and slowing near-term growth drive our cautious stance on Hero.
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