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Hero Motocorp Shares: Mixed Fortunes for Hero MotoCorp in Q3, Auto News, ET Auto

Hero Motocorp Shares: In Q3, Hero MotoCorp saw a 3% sequential volume growth, accompanied by a stagnant average selling price, resulting in a 3% increase in operating revenue to INR 19,724 crore. While the gross margin expanded by 130 basis points to 32.7%, higher marketing expenses for electric vehicles restrained the benefit at the operating profit level.

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