The company’s motorcycle sales decreased 3.49% to 425,856 units, while scooter sales tumbled 31.79% to 33,949 units in November 2024 over November 2023.
During the period under review, sales of motorcycles and scooters in the domestic market aggregated to 439,777 units (down 7.67% YoY), while exports of the same were at 20,028 units (up 35.65% YoY).
The company’s electric vehicle brand, VIDA, crossed a significant milestone by achieving 11,600 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.
Shares of Hero MotoCorp shed 0.18% to Rs 4,750 on the BSE.