Hero MotoCorp announced that it sold 4.98 lakh motorcycles and scooters in May 2024, a 4.1 percent decrease from the 5.19 lakh units sold in May 2023. Despite this decline, the company experienced a 12.6 percent growth in sales during the first two months of the financial year 2025. They sold 10.31 lakh units in April and May 2024, compared to 9.15 lakh units in the same period last year.
In the motorcycle segment, sales dropped by 3.7 percent, with 4.71 lakh units sold in May 2024, down from 4.89 lakh units in May 2023. The scooter segment saw an 11 percent decline, with 26,937 units sold in May 2024 compared to 30,138 units the previous year. Domestic sales fell by nearly 5.7 percent, with 4.79 lakh units sold versus 5.08 lakh units year-on-year. However, exports rose significantly by 67 percent, with 18,673 units sold compared to 11,165 units in May 2023.
Hero MotoCorp highlighted its focus on premiumizing its product lineup and increasing the production of the Xtreme 125R to meet high demand. The company also noted a strong growth in export volumes and rising demand for the VIDA V1 electric scooter. “We are preparing for an exciting period ahead with several new product launches and business expansions,” the company stated.
