Hero MotoCorp Records 5.5% Sales Growth in 2023-24, Domestic Market Leads Surge

2 Apr 2024 , 11:38 AM

Hero MotoCorp reports a 5.5% growth in total sales for 2023-24, reaching 56,21,455 units compared to the previous fiscal year.

• Motorcycle sales in FY24 reached 51,90,672 units, up from 49,59,156 units in FY23.
• Scooter sales in FY24 were recorded at 430,783 units, showing an increase from 369,390 units in FY23.
• Domestic sales surged to 54,20,532 units in FY24, surpassing 51,55,793 units in FY23.

Exports also witnessed growth, reaching 2,00,923 units in FY24 compared to 1,72,753 units in FY23.

In March, Hero MotoCorp’s total sales decreased to 4,90,415 units compared to 5,19,342 units in March 2023. Domestic sales in March 2024 were 4,59,257 units, down from 5,02,730 units in March 2023, while exports increased to 31,158 units from 16,612 units in March 2023.

Hero MotoCorp Limited, headquartered in Delhi, is a prominent Indian multinational manufacturer of motorcycles and scooters. It holds a significant position as one of the world’s largest two-wheeler manufacturers, boasting a substantial market share in the Indian two-wheeler industry.

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