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Informist, Tuesday, Oct. 1, 2024

 

--Hero MotoCorp Sept total despatches 637,050 units vs 536,499 yr ago 

--Hero MotoCorp Sept domestic sales 616,706 units vs 519,789 units yr ago 

--Hero MotoCorp Sept exports 20,344 units vs 16,710 units yr ago 

 

MUMBAI – Total sales of Hero MotoCorp Ltd rose 19% on-year to 637,050 units in September on account of strong growth in motorcycle despatches. India's largest two-wheeler manufacturer, sold 597,529 motorcycles and 39,521 scooters during the month. While its motorcycle sales rose by 21% on year, scooter despatches fell by 6%. 

 

In September, the company's domestic sales rose 19% on year to 616,706 units, and exports rose 22% on year to 20,344 units. A positive sentiment is prevalent in the industry as it approaches the festival season on the back of a good monsoon. Hero MotoCorp is geared up with a host customer offers, in line with previous festive periods, the company said in a press release. 

 

The company has a strong pipeline of bookings and is experiencing increased customer footfall leading up to the festival season. It expects healthy growth during the 32-day period starting from Oct. 3. On Tuesday, shares of Hero MotoCorp closed 0.7% higher at INR 5,750.10 on the National Stock Exchange.  End

 

Reported by Darshan Nakhwa 

Edited by Akul Nishant Akhoury

 

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