In the opening trade on February 2, shares of Hero MotoCorp experienced a robust surge of nearly 4%, reaching Rs 4,715.80, buoyed by the company’s impressive sales performance in January 2024.
As of 11:43 am, the shares continued to trade 3.58% higher at ₹4,750.70, reflecting sustained market enthusiasm.
Hero MotoCorp reported a significant 21.6% jump in total sales for January 2024, with 433,598 units sold compared to 356,690 units a year ago. The domestic market contributed substantially to this growth, with sales rising by 18% to 420,934 units from 349,437 units in the corresponding period of the previous year. Additionally, the export segment witnessed a remarkable surge of 74.6%, reaching 12,664 units compared to 7,253 units in the same period.
The positive market response underscores investor confidence in Hero MotoCorp’s market position and growth trajectory, with the company demonstrating resilience and notable expansion in both domestic and international markets.
