Hero MotoCorp domestic sales dip 7% to 479,450 in May 2024

ETAuto Desk ETAuto Desk | 06-03 00:20

Hero MotoCorp launched the latest generation of the iconic Splendor – the Splendor+ XTEC 2.0 – celebrating the 30th anniversary of the world’s highest-selling motorcycle.
New Delhi: Hero MotoCorp, a leading manufacturer of motorcycles and scooters, sales dropped 5% with 498,123 units sold in May 2024 while in May 2023 it sold 519,474 units. Hero Motocorp domestic sales Y-o-Y dip 7% at 479,450 in May 2024 against 508,309 in May 2023.

The company has sold 10,31,708 units in the first two months (Apr-May '24) of the financial year FY’25, registering a growth of 12.6% over the corresponding months (Apr-May’23) when the company sold 915,581 units, the company said in a media release.

The company is also ramping up production of the Xtreme 125R to cater to the continued unprecedented demand for the stylish motorcycle, which has captured the aspirational mobility needs of the gen-next customers.

Hero MotoCorp registered a healthy growth in its export volumes during the month and continues to see increased demand for the VIDA V1 electric scooter, the release added.

Hero MotoCorp Splendor+ XTEC 2.0

During the month, Hero MotoCorp launched the latest generation of the iconic Splendor – the Splendor+ XTEC 2.0 – celebrating the 30th anniversary of the world’s highest-selling motorcycle.

The premium and tech-laden Splendor keeps its iconic design while integrating modern elements such as LED headlights with HIPL (High Intensity Position Lamp), a unique H-shaped signature tail lamp and multiple convenience & safety features.

Hero MotoCorp joined the ONDC Network, becoming the country’s first auto company to join the network. The Open Network will initially offer two-wheeler parts, accessories and merchandise. This has also reinforced the Digital India mission, contributed to the nation’s economic growth, and revolutionized the digital automotive marketplace.

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