Hero MotoCorp falls 7% after weak August exports, bikes sales

Hero MotoCorp shares fell nearly 7%, their biggest drop in a year, after August sales showed weakness in motorcycles and exports. Total sales rose 2.65% to 5.68 lakh units, but motorcycle sales fell 1.53% and exports dropped 24.6%. Rising crude prices also pressured the auto sector, while Hero's Q1 profit had declined 16.9% YoY.