Auto Sales June 2024: Hero MotoCorp Cross June Targets With 15% Growth

Hero MotoCorp surpassed expectations in June 2024 achieving a 15% sales increase compared to June 2023. The company sold a total of 503,448 units, exceeding both motorcycle and scooter sales targets for the month.

The growth was driven by a surge in motorcycle sales. This reached 473,228 units in June 2024, reflecting a 17% year-over-year increase compared to 404,474 units sold in June 2023. While scooter sales saw an increase this month over May 2024 it still is lower than last year's same month. 

Domestic sales thrived in June 2024, with Hero MotoCorp recording a significant 16% growth to 491,416 units compared to 422,757 units sold in June 2023. This robust performance signifies continued recovery and positive consumer sentiment within the Indian two-wheeler market.

Exports See Minor Dip

Hero MotoCorp's export market experienced a minor decline in June 2024, with sales reaching 12,032 units compared to 18,673 units exported in May 2024. However, when compared year-over-year, exports remained slightly higher than June 2023 (14,236 units).

Looking Ahead: A Focus on Sustainability and Growth

Despite a minor setback in exports, Hero MotoCorp's overall performance in June 2024 paints a promising picture. The company's commitment to sustainability continues to shine, with achievements like becoming Zero-Waste-to-Landfill well ahead of schedule. The company's commitment to innovation is evident with recent leaks of an upcoming Destini 125 scooter featuring a complete design overhaul. Additionally, its strategic focus on the 125cc segment, premium motorcycles, and the burgeoning electric vehicle market should position it for future success.