Mumbai, October 16 (Daily Kiran): Shares of Hero MotoCorp Ltd gained nearly 1% on Thursday after the company announced its entry into the Spanish market through a strategic partnership with Noria Motos, part of the ONEX Group. The move marks Hero MotoCorp’s debut in its 50th international market, further expanding its footprint in Europe.
The stock was trading at ₹5,585.90, up ₹46.80 or 0.84%, from its previous close of ₹5,539.10 on the BSE. The scrip opened at ₹5,584.85 and hit a high of ₹5,610.00 and a low of ₹5,554.45 during the session. A total of 6,740 shares changed hands. The company’s market capitalization currently stands at ₹1,11,521.83 crore.
Over the past year, the BSE Group ‘A’ stock, with a face value of ₹2, has seen a 52-week high of ₹5,657.35 (October 8, 2025) and a low of ₹3,322.60 (April 7, 2025). The promoters hold 34.73%, while institutional investors and non-institutional investors own 55.15% and 10.11%, respectively.
The partnership with Noria Motos will make Hero MotoCorp’s products available across Spain through 30 official sales and service outlets in key cities. The ONEX Group plans to expand this network to 50 locations by 2026 and fully deploy a 100% sales and service network by 2028.
Hero MotoCorp’s authorized dealer and technical service network across Spain will ensure comprehensive after-sales support, strengthening customer experience in one of Europe’s most competitive two-wheeler markets.
With this launch, Hero MotoCorp reinforces its position as the world’s largest manufacturer of motorcycles and scooters, serving over 125 million customers globally. The expansion into Spain marks another milestone in the company’s international growth strategy, aimed at broadening its global reach and brand presence.