Hero MotoCorp Accelerates: Records 22% YoY Growth, Sells 4.21 Lakh Two-Wheelers in January 2024

Hero MotoCorp, India's largest two-wheeler manufacturer, has kicked off the new year with an impressive performance, achieving a remarkable 22% year-on-year growth. In January 2024, the company successfully sold a total of 433,598 lakh two-wheelers, encompassing both domestic sales and exports of motorcycles and scooters. This achievement is particularly noteworthy, considering the company had sold 356,690 units during the same period the previous year.

Domestic Market Surge:

Hero MotoCorp's dominance in the Indian market is evident as it sold a total of 420,934 two-wheelers domestically in January, marking a substantial 20% year-on-year growth. In comparison, the company had dispatched 349,437 units in the corresponding month of the previous year. The surge in domestic sales further solidifies Hero's position as the leader in the highly competitive Indian two-wheeler market.

Export Success:

In tandem with its domestic triumph, Hero MotoCorp experienced a commendable 74.6% growth in exports. The company exported 12,664 units in January 2024, compared to 7,253 units during the same period the previous year. This surge in international sales contributes to Hero's global footprint and reinforces its standing as a key player in the global two-wheeler arena.

Sales Breakdown:

Breaking down the sales figures, Hero MotoCorp sold 402,056 motorcycles and 31,542 scooters in January 2024. This sales distribution underlines the company's diverse product portfolio catering to the varying preferences of the Indian consumer.

Hero World Day 2024:

In a celebration of innovation and technological prowess, Hero MotoCorp recently hosted the second edition of Hero World Day at its cutting-edge R&D hub, the Centre for Innovation and Technology (CIT) in Jaipur. During this event, the company unveiled several exciting models that are poised to hit the markets in the future. Among the highlights was the launch of the new Xtreme 125R, a premium 125cc sporty commuter, offering a dynamic blend of performance and style with a starting price of Rs 95,000 (ex-showroom).

As Hero MotoCorp continues to rev up its sales and innovation engines, the company's growth trajectory remains impressive, reflecting its commitment to delivering high-quality and innovative two-wheelers that resonate with the evolving needs of the Indian and global consumer base.

("Hero MotoCorp Achieves Robust Two-Wheeler Sales in January 2024, Marking a Stellar 22% Year-on-Year Growth and Continuing Its Domination in the Domestic Market. The Performance Highlights Strong Motorcycle and Scooter Sales, Coupled with Export Success, Cementing Its Presence in the Global Two-Wheeler Market. With Sales Breakdowns and Impressive Achievements, Hero MotoCorp Celebrates Hero World Day 2024, Featuring the Xtreme 125R Launch and Showcasing Innovation at the Centre for Innovation and Technology (CIT). As a Premium Sporty Commuter, the Xtreme 125R Signifies Hero MotoCorp's Commitment to Leading the Indian Two-Wheeler Market Through Innovation and Technology Showcase. The Year-to-Date (YTD) Figures, Compared to January 2023, Reflect the Company's Leadership and Set Expectations for Future Market Growth.")