The scrip declined 5.74 per cent to Rs 1,544.90 at the BSE.
On the NSE, it dropped 5.88 per cent to Rs 1,543.15.
The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported a 42.4 per cent decline in total sales at 3,34,647 units for March.
The company had sold 5,81,279 units in the corresponding month of the previous year, Hero MotoCorp said in a statement. SUM BALBAL