Hero Motocorp shares jumped over 2% after the company revealed on Sunday that its wholesales increased 5% year-on-year to 512,360 units in August.
The company reported that domestic sales grew to 492,263 units last month, up from 472,947 units the previous year. Supply shortages had a little impact on August sales, but they will be made up in September, the company said.
Exports increased to 20,097 units this month, compared to 15,770 in August 2023.
The firm stated that it is preparing to ramp up for the forthcoming holiday season as it anticipates strong growth.
Stock Performance
– Open: ₹5,535.00
– High: ₹5,629.05
– Low: ₹5,535.00
As of 9:48 am, Hero Motocorp shares were trading 1.84% higher at Rs 5,555.80 on the NSE.
