Hero Motocorp logs sale of 3.9 lakh two-wheelers in November

2 Dec 2022 , 09:57 AM

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 390,932 two-wheelers in November 2022, a 12% y-o-y increase over 349,393 units in the previous year’s corresponding month.

Company’s domestic sales of scooters and motorcycles was 3,79,839 units in November compared to 3,28,862 units in the same month previous year. While exports for November 2022 were reported at 11,093 units against 20,531 units in November 2021.

Hero MotoCorp anticipates that momentum will build in the coming quarters on the back of favourable economic indicators such as encouraging farm activity and positive consumer sentiments, as well as the upcoming wedding season.

During the month, VIDA, Hero MotoCorp’s emerging mobility brand, opened its first Experience Center in Bengaluru, providing customers with an immersive and completely different experience. VIDA’s next Experience Centers will be in Jaipur and Delhi. The much-anticipated VIDA V1 is expected to begin shipping in the second week of December 2022.

The company also donated 50 motorcycles and 10 scooters to the Gurugram Police Department through its flagship CSR platform, Hero WeCare.

At around 10.03 AM, Hero MotoCorp was trading at Rs2,850.40 per piece, down by 0.68% from its previous closing of Rs2,869.85 on the BSE. The scrip opened at Rs2,879.95 and touched intraday high and low of Rs2,879.95 and Rs2,829.75 respectively. 

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