Hero December 2023 Sales Report: Crossed 55 Lakh In Calendar Year

Published at January 4, 2024 by BikeJunction

Hero MotoCorp reported sales of the calendar year 2023 saw a 5% increase, crossing the 55 lakh unit mark. Moreover, the total sales reached 55 lakh units in CY 2023.

The company is down by 0.6% in YoY sales from 3,94,179 units in 2022 to 3,93,952 units in December 2023. Also, MoM sales declined by 19.77% from the 4,91,050 units sold in November this year.

Hero Motocrop	Dec-23	Dec-22	Diff	Growth % YoY	% Share Dec 23
Motorcycles	3,54,658	3,56,749	-2,091	-0.59	90.03
Scooters	39,294	37,430	1,864	4.98	9.97
Domestic	3,77,842	3,81,365	-3,523	-0.92	95.91
Exports	16,110	12,814	3,296	25.72	4.09
Total	3,93,952	3,94,179	-227	-0.06	100.00

Here are the details of Hero’s YoY sales:

In the motorcycles segment, Hero has sold 3,54,658 units in December 2023 from last year’s 3,56,749.
The company has seen a growth of 4.98% in scooter sales by selling 1,864 more units than 37,430 scooters in December 2022.
In the previous year's domestic sales, Hero sold 3,81,365 vehicles. In comparison to this, 3,77,842 units were sold in December 2023.
Hero has recorded 25.72% growth in the current year's export sales.

Hero Motocrop	Dec-23	Nov-22	Diff	Growth % MoM	% Share Nov 2023
Motorcycles	3,54,658	4,41,276	-86,618	-19.63	89.86
Scooters	39,294	49,774	-10,480	-21.06	10.14
Domestic	3,77,842	4,76,286	-98,444	-20.67	96.99
Exports	16,110	14,764	1,346	9.12	3.01
Total	3,93,952	4,91,050	-97,098	-19.77	100.00

Below is the data on Hero’s MoM sales:

There is a 19.63% degrowth in motorcycle sales in MoM, with a difference of 86,618 units.
This month, the company sold 39,294 scooters. Meanwhile, last month, the numbers were 49,774.
Hero has registered a hike in domestic sales by 9.12% and sold 1,346 more vehicles.
A decline of 20.67% has been seen in the company’s domestic sales.

Hero Motocrop	FY24 YTD	FY23	Diff	Growth % YoY	% Share FY 24
Motorcycles	38,94,963	37,67,768	1,27,195	3.38	92.10
Scooters	3,34,069	2,90,286	43,783	15.08	7.90
Domestic	40,95,084	39,21,309	1,73,775	4.43	96.83
Exports	1,33,948	1,36,745	-2,797	-2.05	3.17
Total	42,29,032	40,58,054	1,70,978	4.21	100.00

Hero MotoCorp sold more two-wheelers in the current financial year (April-December 2023) than they did in the same period last year.

Sales rose 3.38% to over 37,67,768 units of motorcycles and a 15.08% increase in scooter sales.
The growth was mainly driven by domestic sales, which were up 4.43%. Exports, however, slipped slightly by 2.05%.

Moreover, the brand has tied up with Ather Energy to expand its network and EV charging infrastructure.

Before you go, don’t forget to check out the Ducati’s 8 new motorcycle launch details in India.

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