The company’s motorcycle sales decreased 15.83% to 29,8516 units, while scooter sales tumbled 32.84% to 26,390 units in December 2024 over December 2023.
During the period under review, sales of motorcycles and scooters in the domestic market aggregated to 294,152 units (down 22.15% YoY), while exports of the same were at 30,754 units (up 90.9% YoY).
The company’s electric vehicle brand, VIDA, crossed a significant milestone by achieving 46,662 retail sales during the same period.
Hero MotoCorp is engaged in the manufacturing and selling of motorised two-wheelers, spare parts, and related services. The company is a leading two-wheeler manufacturer and has a dominant presence in the domestic market.
The company’s consolidated net profit jumped 26.29% to Rs 1,045.89 crore on a 15.4% increase in revenue from operations to Rs 10,210.79 crore in Q2 FY25 over Q2 FY24.