Hero MotoCorp reported a 23% year-on-year growth in total dispatches for Q1 FY27, reaching 16.8 lakh units. The company dispatched 541,159 units in June 2026, compared to 553,963 units in June 2025. Domestic retail demand remained healthy, with VAHAN registrations reaching 15.3 lakh units in Q1 FY27, reflecting a 9% growth over the same period last year.

Q1 FY27 Performance Overview

The company sustained strong momentum through the first quarter, driven by broad-based demand across its core, premium, and scooter segments, including ICE and EVs. Global business maintained an upward trajectory, with exports growing 33% year-on-year to 105,206 units in Q1 FY27.

Segment and Brand Highlights

VIDA, Hero MotoCorp's emerging mobility business unit, recorded 21,812 VAHAN registrations in June 2026, marking a 185% year-on-year growth. The domestic motorcycle and scooter business sustained healthy momentum, with the scooter portfolio achieving strong double-digit growth. The company recently launched its first flex-fuel motorcycles and renewed its partnership with Amaury Sport Organization (ASO) for the Dakar Rally.

Hero MotoCorp has detailed the tax deduction at source (TDS) provisions for the final dividend of ₹75 per equity share for the financial year ended March 31, 2026. The company informed shareholders on June 30, 2026, that tax will be deducted under the Income-tax Act, 2025, with rates varying based on residency status and documentation. The record date for dividend eligibility is July 24, 2026, and the payout is subject to approval at the 43rd Annual General Meeting scheduled for August 05, 2026.

For resident individual shareholders, TDS will be deducted at 10% if a valid Permanent Account Number (PAN) is provided. No tax will be deducted if the total dividend income during the Tax Year 2026-27 does not exceed ₹10,000, provided a valid declaration in Form 121 is submitted. In the absence of a valid PAN or if PAN is not linked with Aadhaar, tax will be deducted at a higher rate of 20%. Resident non-individual shareholders, such as insurance companies and mutual funds, may qualify for a nil rate upon submitting specific self-declarations and exemption notifications.

Non-resident shareholders, including Foreign Portfolio Investors (FPIs), will be subject to TDS as per the rates in force or specific provisions of the Act, such as 20% plus surcharge and cess for FPIs and FIIs. To avail of benefits under Double Taxation Avoidance Agreements (DTAA), non-resident shareholders must submit a valid Tax Residency Certificate (TRC), a self-attested PAN copy, and a self-declaration. Shareholders residing in notified jurisdictional areas will face a TDS rate of 30% or the applicable rate, whichever is higher.

Shareholders are required to upload necessary documents, including Form 121 and self-declarations, with the Registrar and Share Transfer Agent, KFin Technologies Limited, via the specified portal not later than July 18, 2026. Failure to submit these details by the deadline may result in tax deduction at a higher rate. The company reserves the right to recover any demand raised by the Income Tax Department due to incorrect information provided by shareholders.

The company reiterated that all dividend payments will be made only through electronic mode, following amendments to Listing Regulations effective from November 19, 2025. Shareholders must ensure their bank account details, email IDs, and mobile numbers are updated with their depository participants or the RTA to facilitate electronic credit. Failure to update KYC details will result in the withholding of the dividend until the process is completed. The TDS certificate will be emailed to the registered email ID on or before the due date prescribed under the Act.

Key Dividend and Compliance Details