Hero MotoCorp shares rise 3% on launching Harley-Davidson X440 bike

Shares of Hero MotoCorp, a 2-wheeler manufacturer, rose 3% after it launched the co-developed premium motorcycle, Harley-Davidson X440, in India. This marks the first entry of Hero MotoCorp and Harley-Davidson into the 440cc segment in India. The motorcycle will be available in three variants and is priced competitively. Analysts believe this move by Harley-Davidson could help it gain a significant market share in the premium segment. Initial sales are expected to be around 3-4k units per month, with potential to ramp up to 5-10k units per month in the future.