Hero Motors Stock Surges 99% Since Listing, Driven by EV Focus

Hero Motors' share price reached a new high of ₹167.45 in Thursday's intraday trade, marking a 108% increase from its listing day's low of ₹80.50 on the BSE. The stock has zoomed 99% against its issue price of ₹84 per share in the past seven trading days, making its stock market debut on September 23, 2026. This significant appreciation reflects investor interest in the automotive technology company, which specializes in highly engineered powertrain solutions and components for various mobility applications, including electric vehicles (EVs).

For an ordinary saver, this performance highlights the potential volatility and rapid gains possible in the stock market, particularly for companies in high-growth sectors like EVs. Hero Motors' EV-related products contributed 23% of its FY26 revenue, up from 12% in FY24, positioning it as a key player in the evolving EV ecosystem. The company is noted as among the first in India to capitalize on the global e-bike powertrain opportunity, manufacturing and exporting CVT hubs and integrated electric powertrain products for e-bikes. Its customer base includes global OEMs such as BMW and Ducati Motor. Market projections from CRISIL and Ventura Securities anticipate substantial growth in the global e-bike market and EV penetration in motorcycles through 2031, suggesting a robust long-term outlook for companies in this space.

What to watch: The company's upcoming financial reports and further expansion into EV solutions.

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This article is AI-generated and fact-gated. Original reporting: BS Personal Finance