Hero MotoCorp sold 5.35 lakh two-wheelers in September, as always Splendor won

Hero MotoCorp has released the sales report for September 2023. Where the company has performed better than the previous months. Let us know how was the demand for Hero bikes last month?

The company's total sales (motorcycles + scooters) (domestic sales + exports) grew 3 percent to 5,36,499 units as compared to sales of 519,980 units in September 2023, an MoM increase from 4,88,717 units sold in August.

Talking about growth on an annual basis, Hero MotoCorp motorcycle sales increased to 4,94,270 units in September 2023 from 4,80,237 units sold in September 2022. This corresponds to a volume increase of 14,033 units. Motorcycle sales in fiscal 2024 stood at 25,69,688 units as against 26,38,618 units in the same period last year.

Hero MotoCorp reported sales of 3,91,310 units in the month of July, which is 12 percent lower as compared to 445,580 units sold in the year-ago period. The company sold 360,592 units of motorcycles in July, compared to 421,288 units in the same month a year ago.

The company expects market demand to improve in the upcoming festive season with new product launches as well as innovative finance schemes. The company's first co-developed motorcycle with Harley-Davidson – the X440 – has also been launched in July. This motorcycle has been launched at the company's state-of-the-art Hero Center for Innovation and Technology (CIT) in Jaipur.