In August, Hero MotoCorp's gross sales rose by 1.92%

2 Sep 2022 , 07:24 AM

In August 2022, Hero MotoCorp reported total sales of 4,62,608 units, an increase of 1.92%. According to Hero MotoCorp’s regulatory filing, the business sold 4,53,879 units during the same time last year. Domestic sales increased by 4.55% to 4,50,740 units in August 2022 from 4,31,137 units in August 2021, according to the statement. However, exports decreased from 22,742 units in the same time last year to 11,868 units this year.

Sales of motorcycles increased last month to 4,30,799 units from 4,20,609 units the year before, while sales of scooters decreased to 31,809 units from 33,270 units in August of the previous year.

Hero MotoCorp stated that it anticipates the growth momentum to increase in the upcoming months on the strength of a normal holiday season after a two-year hiatus, an improved monsoon that will result in a respectable agricultural harvest, positive consumer sentiments, and a healthy increase in the nation’s GDP.

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