Commodity inflation (aluminum)
Aluminum prices have risen and may cause 1%-2% commodity inflation in Q3, potentially pressuring margins.
HEROMOTOCO / Q2-FY26 / risks
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Hero MotoCorp · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
ABS implementation uncertainty
Draft notification for mandatory ABS may be implemented from January, but no final notification yet. Management is in talks with the government.
Post-festive demand sustainability
While current momentum is strong, management's H2 growth guidance of 8%-10% implies a slowdown from festive peaks, and any macro shock could derail demand.