HSBC cut its target on Hero MotoCorp Limited by 6.3% to Rs 5,900, citing fair valuation without a catalyst and weak monsoon risk to rural demand. The call was part of HSBC's 8 October auto note that left all ratings unchanged while adjusting targets for raw-material cost pressure.

Hero MotoCorp Limited will manufacture Harley-Davidson's new Sprint 440 cruiser in India through its alliance with Harley-Davidson, expanding the locally built 440cc range with cruiser styling, shared X440 platform parts and an estimated Rs 2.50 lakh to Rs 2.80 lakh price.