Motilal Oswal Recommends 'Buy' on Hero MotoCorp; Target Price INR 6782

• Motilal Oswal maintains 'Buy' rating for Hero MotoCorp with a target price of INR 6,782.
• Domestic two-wheeler demand has surged post-GST cuts, driven by positive rural sentiment.
• HMCL aims to regain 125cc segment share with new models like Glamour and Xtreme125R, which are well-received.
• Scooter segment (ICE and EVs) and exports are also showing strong recovery and momentum.
• Analysts project Revenue/EBITDA/PAT CAGR of ~10%/12%/13% over FY25-28.

Why It Matters: Motilal Oswal recommends buying Hero MotoCorp, citing strong demand, market share recovery, and robust growth projections.