New Delhi, March 28 -- Hero MotoCorp Ltd, the world's largest two-wheeler manufacturer, is navigating rough terrain. A shrinking market share, a string of high-profile management exits, and struggles in the premium and electric vehicle (EV) segments have put India's motorcycle giant on the defensive.

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These challenges have weighed heavily on its stock, which has tumbled nearly 30% in the past six months and more than 20% over the past year. With competition intensifying and consumer preferences shifting, Hero faces a critical question: Can it reinvent itself to reclaim its dominance?

Hero's market share woes

Once the undisputed leader, Hero's dominance ...