Hero MotoCorp vs Bajaj Auto: Which Stock Should You Track

Hero MotoCorp vs Bajaj Auto is a comparison two-wheeler investors look up when evaluating India's two largest two-wheeler manufacturers. Hero MotoCorp is the world's largest two-wheeler company by volume, dominated by 100-125cc commuter motorcycles in India, while Bajaj Auto has a more diversified mix of entry, mid-premium and premium motorcycles, plus three-wheelers and a growing export business to Africa, Latin America and Southeast Asia.

This Hero MotoCorp vs Bajaj Auto article covers reach and market position, key products, latest declared results and stock valuation. The Hero MotoCorp vs Bajaj Auto data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Hero MotoCorp vs Bajaj Auto: Reach and Market Position

On the Hero MotoCorp side of the Hero MotoCorp vs Bajaj Auto comparison, Hero MotoCorp distributes primarily in India with a small but growing international presence, selling commuter motorcycles including Splendor, Passion, Glamour and HF Deluxe. Market capitalisation is Rs 1,10,851 Cr.

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On the Bajaj Auto side of the Hero MotoCorp vs Bajaj Auto comparison, Bajaj Auto distributes in India and exports to over 70 countries with brands including Pulsar, Avenger, Dominar, CT and Platina, plus three-wheelers. Exports contribute over 40 percent of its revenue. Market capitalisation is Rs 3,17,423 Cr.

Hero MotoCorp vs Bajaj Auto: Key Products and Business Mix

In the Hero MotoCorp vs Bajaj Auto product comparison, Hero MotoCorp offers: Hero MotoCorp makes commuter motorcycles and scooters. Its electric vehicle brand Vida is early stage. P/E is 19.19x, ROE 26.57 percent, debt to equity 0.04. Dividend yield is 3.34 percent.

For Bajaj Auto in this Hero MotoCorp vs Bajaj Auto breakdown: Bajaj Auto makes Pulsar motorcycles, CT100 entry bikes, Dominar premium motorcycles and Chetak electric scooters plus three-wheelers. P/E is 27.48x, ROE 27.67 percent, debt to equity 0.58. Dividend yield is 1.32 percent.

Hero MotoCorp vs Bajaj Auto: Latest Results

The Hero MotoCorp vs Bajaj Auto results for Hero MotoCorp: Hero MotoCorp has a market cap of Rs 1,10,851 Cr and P/E of 19.19x. ROE is 26.57 percent. Dividend yield is 3.34 percent — very high for an auto company. EPS is Rs 288.65.

The Hero MotoCorp vs Bajaj Auto results for Bajaj Auto: Bajaj Auto has a market cap of Rs 3,17,423 Cr and P/E of 27.48x. ROE is 27.67 percent. Dividend yield is 1.32 percent. EPS is Rs 420.40. Bajaj is nearly 3 times Hero by market cap.

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Hero MotoCorp vs Bajaj Auto: Stock and Valuation

The Hero MotoCorp vs Bajaj Auto stock comparison uses the latest available market data from Groww. Investors tracking Hero MotoCorp vs Bajaj Auto should verify current prices on NSE or BSE before trading.

Hero MotoCorp trades at a market cap of Rs 1,10,851 Cr and P/E of 19.19x, significantly cheaper than Bajaj Auto. Hero pays a high dividend yield of 3.34 percent. Bajaj Auto trades at Rs 3,17,423 Cr market cap and P/E of 27.48x with a marginally higher ROE of 27.67 percent and higher export revenue diversification.

Hero MotoCorp vs Bajaj Auto: Quick Comparison Table

The Hero MotoCorp vs Bajaj Auto comparison table below summarises the key metrics covered in this article side by side.

Parameter	Hero MotoCorp	Bajaj Auto
Sector	Two-wheeler: commuter motorcycles	Two-wheeler: entry, premium, exports, 3-wheelers
Market Cap	Rs 1,10,851 Cr	Rs 3,17,423 Cr
P/E Ratio	19.19x	27.48x
ROE	26.57%	27.67%
Debt to Equity	0.04	0.58
Dividend Yield	3.34%	1.32%
Export revenue	Small, primarily India focus	40-plus percent of revenue, 70-plus countries
EV brand	Vida (early stage)	Chetak electric scooter

Conclusion

The Hero MotoCorp vs Bajaj Auto comparison above covers the key data points on reach, products, results and valuation. Hero MotoCorp vs Bajaj Auto are India's top two two-wheeler manufacturers at very different valuations. Hero is cheaper with a high dividend yield and dominant India market share in commuter bikes. Bajaj commands a premium for its diversified export revenue and premium motorcycle portfolio. Investors should review two-wheeler industry volumes and export trends and consult a SEBI-registered advisor before investing.

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Frequently Asked Questions

What is the main difference between Hero MotoCorp and Bajaj Auto?

Ans. Hero MotoCorp is India's dominant commuter motorcycle company selling primarily in India. Bajaj Auto has a diverse portfolio of entry, mid and premium bikes plus three-wheelers with over 40 percent revenue from exports to 70-plus countries.

Which stock pays a higher dividend?

Ans. Hero MotoCorp pays a dividend yield of 3.34 percent, significantly higher than Bajaj Auto at 1.32 percent.

Which stock trades at a lower P/E?

Ans. Hero MotoCorp trades at 19.19x trailing earnings, cheaper than Bajaj Auto at 27.48x.

Which company exports more?

Ans. Bajaj Auto exports over 40 percent of its revenue to Africa, Latin America and Southeast Asia. Hero MotoCorp has a small international presence.

Do both companies have electric vehicles?

Ans. Yes. Hero MotoCorp sells the Vida EV scooter and Bajaj Auto sells the Chetak EV scooter, though both EV contributions are small relative to petrol two-wheeler revenue.

What risks apply to two-wheeler companies?

Ans. Both face risk from fuel price increases affecting affordability, competition from TVS and Honda, and the gradual transition to EV which may require significant capex.

Should I invest in Hero MotoCorp or Bajaj Auto?

Ans. Hero is cheaper with a higher dividend and dominant India market share. Bajaj has higher export revenue and premium brand exposure. Consult a SEBI-registered advisor before investing.