Hero Motors Profit Doubles, Tata Elxsi Revenue Rises in Q2 Results
· Business · NDTV Profit, Economic Times
Hero MotoCorp's consolidated net profit doubled to ₹620 crore in Q2 FY26, driven by an 8.5% increase in total income to ₹9,854 crore. Tata Elxsi reported a 3% rise in consolidated revenue to ₹1,033 crore, with its transportation segment being the primary growth engine. Both companies' results were announced on 13th October 2024, reflecting overall resilience in the Indian automotive and auto-components sectors despite moderating demand.
Why it matters
Hero MotoCorp's profit doubling signals sustained consumer demand for two-wheelers, while Tata Elxsi's transportation unit growth highlights the sector's shift toward intelligent mobility solutions, affecting employees, investors, and the broader auto ancillary ecosystem.
Read the original report — NDTV Profit
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