Press Release2 Apr 2024, 01:11 am
Hero MotoCorp Crosses 56 Lakh Unit Sales in FY'24, Launches Record Number of New Premium Products
AI Summary
Hero MotoCorp, the world's largest manufacturer of scooters and motorcycles, achieved sales of 56,21,455 units, marking a growth of 10% in the fourth quarter and 16% in global sales. The company sold over 490,000 units in March 2024, and over 4000 units of its EV model VIDA V1. Hero MotoCorp expanded its VIDA brand presence to over 100 cities and entered into a partnership with Ather Energy for an interoperable charging network. The company expects a double-digit revenue growth in FY'25 due to the launch of new products in the premium motorcycle segment and its expansion into the EV market.
Key Highlights
- Sold 56,21,455 units in FY'24 with a growth of 10% in Q4
- 16% growth in global sales in FY'24
- Sold over 490,000 units in March 2024, highest-ever sales in a month
- Sold over 4000 units of EV model VIDA V1
- Expanded VIDA brand presence to over 100 cities
- Entering into partnership with Ather Energy for an interoperable charging network
- Expecting double-digit revenue growth in FY'25 with new product launches and expansion into EV market