Stockrabit · Analysts
Questions across 2 calls

Arvind Sharma

Citi Group

Hero MotoCorp Limited

Hero MotoCorp Limited CC-Mar24.pdf · 2024-05-08
First question would be on the margins part; you made a comment on the impact of EV margin. So, given the 14.3% blended margin, it’s a 130bps impact. So, ICE margin was 15.6%, is that understanding correct?
Okay, great thank you sir. Sir, secondly, stake on the margins. Given that you have got quite a few EV launches and are working on the cost consideration , what blended margins would be sustainable. I know you don’t give forward guidance, but should EV start being at least neutral if not massively negative on the margins front going forward with the new products coming in?