Hero Motocorp began its operations in India way back in the year 1984 – as ‘Hero Honda’, a joint venture between Hero Cycles and Honda Motor (Japan).
After a successful partnership of over 26 years, the two companies ended their joint venture in 2011. Honda sold 26% of its stake to the Munjal family which currently holds around 35% stake in the company.
Hero Motocorp has been a consistent compounder for investors – but extremely long-term investors who have stayed invested in the stock from 2009 till 2024 have barely managed to beat the index (Nifty 50). The returns have been lackluster, falling below inflation / fixed deposit returns – depending on an individual’s time of investment.
This is due to competition in the industry – while Hero Motocorp remains the market leader, it has seen its market share consistently fall from above 40% to about 30% at the end of 2024.
There is increasing competition from both traditional two-wheeler companies as well as Electric Vehicles – a segment that has been growing in popularity with newer brands like the recently listed Ola Electric and Ather Energy.
The share price of Hero Motocorp has given great returns for a period of 1-2 years, followed by 3-4 years of consolidation. The best time to invest in the company, historically, has been after a few years of the share price remaining range bound and then breaking out of its all time high.
This strategy may not necessarily work if the country moves majorly towards EV Vehicles and Hero Motocorp isn’t able to compete in that segment.
Will the company remain a market leader in the years to come? Or will newer players chip away at the market share and finally take the lead? Ironically, the leader in the four-wheeler segment, Maruti Suzuki, too has been facing a similar challenge.
Have you invested in Hero Motocorp? If yes, at what share price did you invest? Are you a long term investor in the company, what kind of returns have you generated? We would love to know your story in the comments section below.
Hero Motocorp Share Price History
| Year | Share Price | Gain / Loss |
|---|---|---|
| 1989 | ₹ 1.70 | |
| 1990 | ₹ 6.75 | + 297.1% |
| 1991 | ₹ 12.90 | + 91.1% |
| 1992 | ₹ 12.00 | - 7.0% |
| 1993 | ₹ 25.50 | + 112.5% |
| 1994 | ₹ 30.50 | + 19.6% |
| 1995 | ₹ 24.40 | - 20.0% |
| 1996 | ₹ 24.50 | + 0.4% |
| 1997 | ₹ 92.28 | + 276.7% |
| 1998 | ₹ 108.75 | + 17.8% |
| 1999 | ₹ 225.80 | + 107.6% |
| 2000 | ₹ 174.79 | - 22.6% |
| 2001 | ₹ 250.70 | + 43.4% |
| 2002 | ₹ 271.40 | + 8.3% |
| 2003 | ₹ 448.85 | + 65.4% |
| 2004 | ₹ 571.10 | + 27.2% |
| 2005 | ₹ 859.70 | + 50.5% |
| 2006 | ₹ 762.35 | - 11.3% |
| 2007 | ₹ 697.65 | - 8.5% |
| 2008 | ₹ 805.10 | + 15.4% |
| 2009 | ₹ 1,716.45 | + 113.2% |
| 2010 | ₹ 1,986.10 | + 15.7% |
| 2011 | ₹ 1,902.54 | - 4.2% |
| 2012 | ₹ 1,888.98 | - 0.7% |
| 2013 | ₹ 2,064.55 | + 9.3% |
| 2014 | ₹ 3,088.07 | + 49.6% |
| 2015 | ₹ 2,681.94 | - 13.2% |
| 2016 | ₹ 3,029.72 | + 13.0% |
| 2017 | ₹ 3,767.60 | + 24.4% |
| 2018 | ₹ 3,090.36 | - 18.0% |
| 2019 | ₹ 2,431.78 | - 21.3% |
| 2020 | ₹ 3,094.00 | + 27.2% |
| 2021 | ₹ 2,461.30 | - 20.4% |
| 2022 | ₹ 2,737.05 | + 11.2% |
| 2023 | ₹ 4,139.55 | + 51.2% |
| 2024 | ₹ 5,765.00 | + 39.3% |
Hero Motocorp Share Price Chart
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Hero Motocorp Returns Calculator
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- During 1989, the share price of Hero Motocorp was ₹ 1.70.
- If you had bought shares worth ₹ 2500 in 1989, you would have 14706 shares today.
- At the end of 2024, the current value of your shares would be ₹ 84779412.
Hero Motocorp Returns Comparison
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