Hero MotoCorp registers 26% YoY growth in October 2023 

Strong demand to continue due to recent premium product launches and the ongoing festive season, the company anticipates.

Autocar Pro News Desk By Autocar Pro News Desk calendar 01 Nov 2023 Views icon2602 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Hero MotoCorp registers 26% YoY growth in October 2023 

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold 574,930 units in the month of October 2023. The two-wheeler maker registered a double-digit growth of 26 percent year-on-year (454,582 units in October 2022).

The company expects the demand to remain optimistic on the back of the recent product launches in the premium segment and ongoing festive season.

On the electric vehicle front, Hero MotoCorp, with a total of 1,899 Vidas sold in October 2023, registered a 255 percent month-on-month growth on a low September 2023 base of 532 units. 

Hero MotoCorp recently inaugurated its first premium dealership, ‘Hero Premia’ in Calicut, Kerala, which aims to provide unrivalled premium sales and service experience, featuring modern architecture, appealing design, and new-age digital technologies.

Hero Premia will display Hero MotoCorp's range of premium products – including the newly launched Karizma XMR, Vida V1 scooters, and Harley-Davidson X440. The company has commenced the customer deliveries of Karizma XMR and Harley-Davidson X440, of which the former received 13,688 bookings in October and the latter sold 1,000 units across 100 dealerships in India.

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