Hero MotoCorp Ltd

- Hero MotoCorp clarified they are not investing ₹200 crores quarterly in follow-on investments; the recent ₹210 crores was a one-time follow-on to earlier investments (Page 17). - There is no explicit mention of any new fundraising plans through debt or equity in the provided transcript. - The company is undertaking significant capex (₹1,500 crores for FY '27) primarily funded through internal cash flows and operations, supported by strong cash flow from operations of ₹9,395 crores for FY '26 (Pages 4 and 16). - No additional financing through equity or debt for expansion or other purposes is indicated at this time. - The firm focuses on scaling operations and investments funded from internal accruals and cost savings.

- Committed over ₹1,500 crores of capex for FY '27, focused on capacity expansion, especially for scooters and EVs. - Doubling capacity for key scooter models like Xoom and increasing Destini capacity by 50%. - EV capacity to double within a month and plans for further doubling in a few quarters due to strong VIDA brand momentum. - Over ₹700 crores investment in setting up a second global parts center in South India, doubling parts handling capacity. - Continued investments in brand building with increased advertising spend. - Ongoing strategic investments in new product launches across VIDA brand, premium ranges, and scooters. - Focus on technology investments in low-emission powertrains (EV and ethanol blends), connected vehicles, and AI-enabled digital platforms.

- Industry expects high single-digit volume growth in FY '27, with scooters growing a couple of points more than motorcycles. - Hero MotoCorp plans to outgrow the industry in both motorcycles and scooters segments. - Continued expansion in scooter capacity (Destini capacity increased by 50%, Xoom capacity doubling soon). - EV capacity expanded by 50% recently, with plans to double again by the end of FY '27. - Growth driven by new product launches across commuter motorcycles, high displacement bikes, and EV segments. - Export and premium segments showing robust growth, with strategic investment in scooters, EVs, and premium motorcycles. - Spare parts sales growing steadily, with ₹6,200 crores in FY '26, growing 6% year-on-year. - Commitment to maintain EBITDA margin guidance of 14%-16% despite commodity headwinds, supported by price hikes and cost savings. - Long-term focus on expanding parts business and capturing greater market share in unaddressed demand.

- Hero MotoCorp expects high single-digit volume growth for FY '27, outpacing the industry in motorcycles, scooters, and EVs. - EBITDA margins are targeted to be maintained in the 14%–16% range despite short-term commodity and wage headwinds. - Continued investments in capacity expansion, brand building, premium, scooters, EV segments, and global business are planned to drive growth. - Price hikes (~2% increase in sale price) and accelerated LEAP cost-saving initiatives aim to partially offset rising commodity costs. - EV business is in a build-out phase with significant R&D and capacity expansion; per-unit EBITDA losses are reducing each quarter. - Parts and accessories (PAM) business aims to double handling capacity, tapping into a large unaddressed market, contributing to revenue growth. - Overall, robust financial performance with record quarterly and annual revenue, EBITDA, and PAT, alongside consistent high dividend payout indicates confidence in sustained profit growth.

The transcript provided from Hero MotoCorp Limited's May 06, 2026 conference call does not explicitly mention current or expected order books or pending orders. Specific details on order backlog or pending orders are not disclosed in the available pages. Key related insights: - Capacity expansions are ongoing for scooters (Destini increased by 50%, Xoom capacity doubling) and EVs (capacity doubled and further doubling planned by year-end). - High demand is indicated with dealer inventory at about 5 weeks, and EV scooter inventory relatively low due to capacity being ramped up. - Industry volume growth expected at high single digits for FY '27, with Hero aiming to outgrow this. - The company is scaling EV and scooter portfolio aggressively to meet demand. For detailed figures on order books or pending orders, no direct information is provided in the material.