highlights
Hero MotoCorp revenue fell 9.87 percent.
In May 2023, 5,19,474 vehicles were sold.
In June, 82,481 fewer vehicles were sold.
New Delhi. The month of June 2023 was volatile for vehicle manufacturers. On the one hand, sales of electric scooters suddenly fell due to the FAME 2 subsidy cut, on the other hand, Hero MotoCorp, the country’s largest two-wheeler company, also suffered a drop in sales. The company released the sales report for the month of June, according to which the company’s total sales (domestic + export) were 4,36,993 units. In the same period last year, the company had sold 4,84,867 units. Year-on-year, the company’s two-wheeler sales fell by 9.87 percent.
On the other hand, the company saw a huge drop in sales month-on-month. In May 2023, Hero MotoCorp sold 5,19,474 vehicle units. Accordingly, the sale of vehicles in June fell by 15.88 percent. At the same time, the company sold less than 82,481 vehicles by volume. As you can see, the company sold 14,500 two-wheelers a day last month. Let us know the sales report in detail.
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How were bike sales in June 2023?
In June 2023, the company recorded growth in scooter sales, while motorcycle sales fell by 12.34 percent to 4,04,474 units. In June 2023, the motorcycle share fell from 94.20 percent to 92.56 percent. At the same time, scooter sales increased from 23,446 units to 32,519 units.
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Exports also fell
There has also been an enormous decline in the export of vehicles. While the company still exported 21,657 units in June 2022, it fell by 34 percent to 14,236 units in June 2023. In June 2023, the total domestic sales of scooters and motorcycles were 4,22,757 units. This sale was 8.73 percent below the 4,63,210 units sold in June 2022.
Will be launching a new bike soon
Hero MotoCorp is preparing to launch its new premium motorcycle in partnership with Harley Davidson. The new Harley-Davidson X440 Neo Retro Roadster will be launched in India on July 3rd. In June, the company also launched the new Xtreme 160R 4V. It was introduced in three variants – Standard, Connected 2.0 and Pro variant with upside-down forks. Last month the company launched a new line of 100cc HF Deluxe and Passion Plus engines.
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Tags: car news, car sale, Cycles, bike news, Hero Motocorp
FIRST RELEASED : Jul 02, 2023 7:26 PM IST
