HeroMoto Corp’s June sales up 3.3 percent
The company expects sales volumes to increase based on good monsoons and increased farm activity
Hero MotoCorp sold 13.90 lakh units in Q1 of 2022-23, a double-digit growth of 35.7 percent over the corresponding quarter of the previous fiscal (FY’22), when it sold 10.25 lakh units. Sequentially, this translates into a growth of 17 percent over the last quarter of the fiscal year (January-March) 2021-2022, when the company had sold 11.89 lakh units.
In a press statement, the company said the growth in volumes indicated the continuously improving consumer sentiment and the company expects the positive trend to continue in the coming months, on the back of a decent monsoon, and encouraging farm activity.
The company’s June sales tally at 4.85 lakh units of motorcycles and scooters, was a growth of 3.3 percent over the corresponding month of the previous fiscal when it sold 4.69 lakh units.
The company recently introduced Euro-5 compliant variants of three new products – the XPulse 200 4V motorcycle and Dash 110 & Dash 125 scooters in Turkiye (Turkey). In the local market, Hero MotoCorp introduced the new Passion ‘XTec’ equipped with features such as the First-in-Segment Projector LED Headlamp, Full-Digital Instrument Cluster with Bluetooth Connectivity, SMS and Call Alerts, Real-Time Mileage Indicator, Low-Fuel Indicator, Side-Stand Engine Cut-Off and Service Reminder.
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