Why Hero MotoCorp, Hyundai Motor shares are trading higher today

Shares of automobile companies Hero MotoCorp and Hyundai Motor India rose up to 2% in early trade on Thursday, in sync with broader market. The equity benchmark Sensex and Nifty maintained their upward momentum for the third day, gaining as much as 0.6% in the first hour of trade so far, while the BSE auto index climbed over 1%.

The buying in Hyundai Motor India shares were seen after the auto major announced hike in prices of its vehicles by up to 3% effective from April 2025. On the other hand, Hero MotoCorp shares rose amid report that the country’s largest two-wheeler manufacturer has entered into a joint venture pact with Germany-baed SchmiedeTechnik Plettenberg to manufacture forged powertrain components in India for global markets.

Reacting to the news, Hero MotoCorp share price surged as much as 1.9% to ₹3,603.25 on the BSE. The market capitalisation of the auto heavyweight climbed to ₹71,865 crore. The counter is down 42% from its 52-week high of ₹6,245 hit on September 24, 2024, while it touched its 52-week low of ₹3,455.30  on March 17, 2025.

On the other hand, Hyundai Motor India shares price touched its high of ₹1,654.30 in the first hour of trade so far, with the stock rising as much as 2.4%. Earlier this week, the stock slipped to its all-time low of ₹1,551.40 on March 18, 2025, falling 21% from its all-time high levels of ₹1,968.80 touched on October 22, 2024.

HMIL to hike car prices by up to 3% from April

In a post-market hour exchange filing, Hyundai Motor India Ltd (HMIL) announced an increase of prices up to 3% which will be effective in April 2025. The price hike was attributed to rising input cost, increased commodity prices and higher operational expenses, amongst other reasons. The quantum of price increase will vary basis the variants and models, the company said.

“At Hyundai Motor India Limited, we strive to absorb rising costs to the extent possible, ensuring minimal impact on our customers. However, with the sustained increase in operational expenses, it has now become imperative to pass on a part of this cost escalation through a minor price adjustment. The price increase will be effective in April 2025,” said Tarun Garg, Whole-time Director and Chief Operating Officer, HMIL.

Hero Motors to form JV with SchmiedeTechnik for forged powertrain parts

Hero Motors has reportedly formed a joint venture pact with SchmiedeTechnik Plettenberg, Germany to manufacture forged powertrain components in India. The joint venture's manufacturing facility is proposed to be established at Hero Industrial Park in Ludhiana, as per PTI report.

The BSE has sought clarification from Hero MotoCorp in this regard, for which the company is yet to respond. “The Company is requested to submit its clarification to the Exchange in terms of the provisions of Regulation 30 of the SEBI (LODR) Regulations, 2015,” it said in an exchange filing last evening.

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