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Hero January 2024 Sales Report: Increased By 21.56% in YOY

CalenderPublished at February 5, 2024 by BikeJunction
Hero January 2024 Sales Report: Increased By 21.56% in YOY

Hero MotoCorp reported sales in January increased by 21.56% YoY, from 3,56,690 units in 2023 to 4,33,598 units in January 2024. Also, MoM sales hiked by 10.06% from the 3,93,952 units sold in December 2023. 

Hero MotocropJan-24Jan-23Diff Growth % YoY% Share Jan 24
Motorcycles 4,02,0563,33,63868,41820.5192.73
Scooters31,54223,.0528,49036.837.27
Domestic 4,20,9343,49,43771,49720.4697.08
Exports 12,6647,2535,41174.602.92
Total 4,33,5983,56,69076,90821.56100.00


Here are the details of Hero’s YoY sales:
 

  • In the motorcycles segment, Hero sold 4,02,056 units in January 2024 from last year’s 3,33,638.
  • The company has seen a growth of 36.83% in scooter sales by selling 8,490 more units than 23,052 scooters in January 2023. 
  • In the previous year's domestic sales, Hero sold 3,49,437 vehicles. In comparison to this, 4,20,934 units were sold in January 2024. 
  • Hero has recorded 74.60% growth in the current year's export sales. 
Hero MotocropJan-24Dec-23DiffGrowth % MoM % Share Dec 2023
Motorcycles 4,02,0563,54,65847,39813.3690.03
Scooters31,54239,294-7,752-19.739.97
Domestic 4,20,9343,77,84243,09211.4095.91
Exports 12,66416,110-3,446-21.394.09
Total 4,33,5983,93,95239,64610.06100.00


Below is the data on Hero’s MoM sales:
 

  • There is a 13.36% growth in motorcycle sales in MoM, with a difference of 47,398 more units sold. 
  • This month, the company sold 31,542 scooters. Meanwhile, last month, the numbers were 39,. 
  • Hero has registered a degrowth in export sales by 21.39% and sold 12,664 vehicles. 
  • A growth of 11.40% has been seen in the company’s domestic sales. 

 

Hero MotocropFY24 YTDFY23DiffGrowth % YoY% Share FY 24
Motorcycles 38,94,96337,67,7681,27,1953.3892.10
Scooters3,34,0692,90,28643,78315.087.90
Domestic 40,95,08439,21,3091,73,7754.4396.83
Exports 1,33,9481,36,745-2,797-2.053.17
Total 42,29,03240,58,0541,70,9784.21100.00

 

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 4.47% to over 41,01,406 units of motorcycles and a 16.68% increase in scooter sales.
  • The growth was mainly driven by domestic sales, which were up 5.74%. Moreover, exports were increased by 1.82%. 


Before you go, don’t forget to check out the Yamaha FZ-X chrome edition at the Bharat Mobility Expo.
 

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