Hero MotoCorp, a leading two-wheeler manufacturer, has reported a remarkable 26.5 percent increase in total sales for the month of October 2023. The company sold a total of 5,74,930 units, compared to 4,54,582 units in the same month last year. This surge in sales can be attributed to the growing demand for motorcycles and scooters.
In terms of motorcycle sales, Hero MotoCorp witnessed a significant growth of 26.2 percent, with 5,29,341 units sold in October 2023, compared to 4,19,568 units in October 2022. Similarly, scooter sales also saw a positive trend, with 45,589 units sold in the month under review, a growth of 30.2 percent from the 35,014 units sold in the year-ago month.
The company also experienced a boost in its export business, as the sales of two-wheelers for international markets grew by 29 percent in October 2023. The number of exported units reached 15,164, up from 11,757 units in the same period last year.
Highlighting their recent achievements, Hero MotoCorp announced the commencement of deliveries for their first co-developed premium motorcycle, the Harley-Davidson X440, during the Navratri festival. This milestone was celebrated with the sale of 1,000 units across 100 dealerships in India, marking a successful start for the flagship model.
Looking ahead, Hero MotoCorp remains optimistic about the demand for their products. With recent launches in the premium segment and the ongoing festive season, the company expects the demand to continue to thrive.
Hero MotoCorp’s impressive sales figures and strategic endeavors position them as a dominant player in the two-wheeler market. As they continue to innovate and expand their product range, they are likely to maintain their strong position in the industry.
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