For anyone scouting the next wave of EVs, Hero Motors’ first‑quarter earnings give a green light that the company behind many of the country’s gearboxes is riding a steady profit wave.
The company posted a standalone net profit of ₹23.40 crore, compared to ₹8.70 crore a year earlier, thanks to higher demand for its core transmission and drivetrain units.
Hero’s numbers put it in line with rivals like Bosch and ZF, but with a lower cost base, making its units attractive to OEMs seeking price‑efficient yet reliable gearboxes.
The firm also bumped its stake in UK‑based Hewland Engineering from 51 % to 90 %, a move that could bring advanced clutch and gearbox tech to India’s growing EV segment.
With the government’s push for 30 % EV sales by 2030 and rising duties on imported components, Hero’s healthy cash flow positions it to scale production and meet OEM demands in 2027.