Hero MotoCorp Limited is an Indian multinational motorcycle and scooter manufacturer headquartered in Delhi. It is one of the world’s largest two-wheeler manufacturer and has a market share of about 46% in the Indian two-wheeler industry.
According to Moneycontrol news:
“Financing (of two-wheelers) is a big growth driver not just now but moving forward, in the next three years, the single biggest driver. While, from the economic point of view, it is a capex spend (by the government), from the industry point of view, it will be financing penetrating down to the lowest strata (of society),” said Niranjan Gupta, CEO, Hero MotoCorp in a post-earnings analyst call.
He said penetration of vehicle financing is becoming increasingly critical, accounting for 60 to 65 percent of sales today, up from 40-45 percent of sales a few quarters back.
“The penetration of financing, in terms of the ease, cost, rate and convenience of financing; we’ve been working with all the finance players,” added Gupta
