Hero MotoCorp logs 19% y-o-y growth in September sales

3 Oct 2024 , 02:41 PM

Hero Motocorp sold 6,37,050 bikes and scooters in September, 19% more than its sales in September 2023, according to monthly data issued by the company on October 1. 

Exports also continued to rise, with the company exporting 20,344 two-wheelers last month, up from 16,710 the previous year.

The company has sold 3,054,840 units in YTD FY’25 (Apr-Sep’24), translating into a 10% growth over the same period last year (Apr-Sep’23) and continues to experience strong demand across the 100cc, 125cc, and premium segments, according to a statement from the organisation.

Hero Motocorp anticipates strong growth during the holiday season. It stated that it is preparing a slew of client deals throughout its portfolio, similar to prior holiday seasons.

In September, the business released the new Hero Xtreme 160R 2V 2024 Edition priced at ₹1,11,111 in the nation. It includes a segment-first drag racing timer, a new trademark taillight and an increased rear grip span for pillion riders’ comfort.

During the month, Hero MotoCorp also held an auction for 75 rare collector’s edition motorcycles called ‘The Centennial’. The company raised ₹8.58 Crore, with the highest bid of ₹20.30 Lakhs. According to the company’s statement, all earnings would go towards philanthropic causes.

The company has also collaborated with Thums Up to launch the Mavrick 440 Thunderwheels, a limited edition of their flagship motorcycle, the Mavrick 440.

Hero MotoCorp designed this premium line of 300 motorcycles to provide riders with an unforgettable adventure on wheels. This motorcycle will only be offered to clients who purchase a Thums. It stated that it was valid until November 31, 2024.

At around 1.22 PM, Hero MotoCorp was trading 1.07% lower at ₹5,688.50 per piece, against the previous close of ₹5,750.10 on NSE. The counter touched an intraday high and low of ₹5,733.35, and ₹5,630, respectively.

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