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.
Particulars | JUNE' 24 | May'24 | JUNE' 23 | YTD FY'25 | YTD FY'24 |
|---|---|---|---|---|---|
Motorcycles | 473,228 | 471,186 | 404,474 | 1,440,956 | 1,262,640 |
Scooters | 30,220 | 26,937 | 32,519 | 94,200 | 89,934 |
Total | 503,448 | 498,123 | 436,993 | 1,535,156 | 1,352,574 |
Domestic | 491,416 | 479,450 | 422,757 | 1,484,162 | 1,317,250 |
Exports | 12,032 | 18,673 | 14,236 | 50,994 | 35,324 |
