Hero MotoCorp Zooms: Sales Up 5% in 2023, Reaching 54.99 Lakh Units

2 Feb 2024 , 10:34 AM

Hero MotoCorp, a manufacturer of motorcycles, announced on Tuesday that its overall sales for 2023 increased by 5% to 54.99 lakh units from 52.47 lakh units the year before. Hero MotoCorp said in a statement that overall sales in December 2023 were slightly lower at 3,93,952 units compared to 3,94,179 units in the same month the previous year.

Sales of motorcycles were 3,54,658 last month compared to 3,56,749 during the same period last year. Nonetheless, the business reported that scooter sales in December 2023 increased to 39,294 from 37,430 in the same month the previous year. Nonetheless, the business reported that scooter sales in December 2023 increased to 39,294 from 37,430 in the same month the previous year.

‘With increased government spending and improved liquidity, encouraging farm activity and the upcoming marriage season, the company expects a positive momentum to build up from the fourth quarter onwards,’ stated Hero MotoCorp.

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