Hero MotoCorp’s EV business, previously seen as a weak spot, is beginning to show traction, as per JPM (Image: Hero MotoCorp website) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Hero MotoCorp Ltd. is now on the path of recovery on the back of demand revival, strengthening EV market share and narrowing of valuations said JPMorgan in a note on Wednesday. The brokerage has also upgraded Hero MotoCorp to Overweight from Neutral and raised its price target to Rs 6,850 from Rs 5,640, signalling renewed confidence in India's largest two-wheeler manufacturer.

Calling it the “Return of the King,” JPMorgan highlights five core drivers behind its upgrade: stabilising market share after several years of declines, a more optimistic product and inventory outlook, demand revival fol

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