Hero MotoCorp sales up 5% in August

2 Sep 2024 , 12:08 PM

Hero MotoCorp reported on Sunday that its August wholesale sales reached 512,360 units, up 5% year over year.

In August 2023, the two-wheeler firm had sent 488,717 units to dealers.

According to the corporation, its domestic sales rose to 492,263 units last month from 472,947 units during the same period last year.

Shortages in supplies slightly hurt sales in August, but they will be made up in September, it continued.

Compared to 15,770 units in August 2023, exports increased to 20,097 units last month.

According to the corporation, it is prepared to step up for the approaching holiday season, when it anticipates strong growth.

“With faster recovery expected in the rural segment, growth in the 125cc segment, new launches in scooters and strong investment behind power brands, the company expects to grow ahead of the industry,” it stated.

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