Hero Moto Corp domestic sales up, drop in exports

For the month of August Hero Moto Corp has reported its domestic sales have increased by 4.55 percent. The company sold 4,50,740 units in August 2022, up from 4,31,137 units in August 2021.

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 the same period.

Overall, Hero MotoCorp has reported a 1.92 percent increase in total sales at 4,62,608 units in August 2022. The company had sold 4,53,879 units in the year-ago period, Hero MotoCorp said in a regulatory filing.

On the export front, the manufacturer saw sales decline to 11,868 units from 22,742 units in the corresponding period of last year.