Hero MotoCorp Sales in May Drop 4.1% From Last Year, Company Sells 4,98,123 Bikes and Scooters
Two-wheeler manufacturing company Hero MotoCorp sold 498,123 units of motorcycles and scooters in May 2024, down 4.1 per cent from 519,474 units sold in May last year.
New Delhi, June 2: Two-wheeler manufacturing company Hero MotoCorp sold 498,123 units of motorcycles and scooters in May 2024, down 4.1 per cent from 519,474 units sold in May last year. Despite this decline, the company experienced a 12.6 per cent growth in the first two months (April-May 2024) of the fiscal year 2025 (FY25), selling 10.31 lakh units versus 9.15 lakh units in the same period last year.
"The company has sold 10,31,708 units in the first two months of the financial year FY25, registering a growth of 12.6 per cent over the corresponding months (Apr-May’23) when the company sold 915,581 units," the two-wheeler manufacturing firm said. Mahindra and Mahindra Reports 31% Higher Sales in May 2024 for Commercial and Passenger Vehicles.
In the motorcycle segment, Hero MotoCorp sold 4.71 lakh units in May 2024, which is a 3.7 per cent decrease from the 4.89 lakh units sold in May 2023. The scooters segment experienced a nearly 11 per cent decline, with 26,937 units sold in May 2024 compared to 30,138 units in the previous year. Domestic sales also witnessed a drop of nearly 5.7 per cent, with 4.79 lakh units sold versus 5.08 lakh units year-on-year. Kia India Reports 3.9% Sales Growth in May Compared to Last Year, Sells 19,500 Units.
However, exports soared by 67 per cent, with 18,673 units sold compared to 11,165 units in May last year. Meanwhile, Hero MotoCorp has joined the government-run Open Network for Digital Commerce (ONDC) Network, becoming the first auto company in the country to join the network.
(The above story first appeared on LatestLY on Jun 02, 2024 02:18 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).