Hero Motocorp logs 12% yoy sales growth in April 2022; sells 4.19 lakh motorcycles and scooters

2 May 2022 , 09:27 AM

Hero MotoCorp Limited, the world’s largest manufacturer of motorcycles and scooters, reported that the company has sold 418,622 units in April 2022.

The company clocked a double-digit growth of 12.4% over the corresponding month of the previous year (April 2021), when the company reported sales of 372,285 units.

With the economy gradually opening up and continued government policy support, April volumes indicate the continuous growth momentum on the back of improved customer sentiments.

Earlier this month, Hero Motocorp also partnered with the Directorate of Indian Army Veterans and handed over Hero Destini 125 scooters to the soldiers who were disabled while in service.

Out of the total sales, Scooters sales during April 2022 were 25,995 units as against 32,956 units in April 2021. While the sale of motorcycles was 3,92,627 units as compared to 3,39,329 units in April 2021.

Hero MotoCorp was honored with Self Certification Status for Indian Army Supplies by DGQA — Director General Quality Assurance, Ministry of Defence for its best quality procedures, process, and products in the automobile industry.

The company’s exports dipped over the last year to 20,132 units in April 2022 as against 29,671 units in April 2021.

At around 9.29 AM, Hero Motocorp was trading at Rs2,470 per piece, down by Rs35.25 or 1.41% from its previous closing of Rs2,505.25 on the BSE. The scrip opened at Rs2,492 and has touched a high and low of Rs2,492 and Rs2,445.35 respectively.