Hero MotoCorp has sold 519,474 units in May 2023

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold 519,474 units in May 2023.

This translates into a growth of 7% over the corresponding month of May 2022, when the company had sold 486,704 units.

The momentum is expected to continue in the coming months, driven by an uptick in customer sentiments, forecast of normal monsoon and a host of new launches in the premium segment.

During the month of May 2023, Hero MotoCorp introduced the OBD-II & E20 compliant XPulse 200 4V. This is in line with the company's commitment to bring cleaner and technologically advanced mobility solutions.

In line with its plan for global business expansion, the Company announced Motosport SA as its partner in Costa Rica - a key market in Central America. As the exclusive distributor for the sale and service of Hero MotoCorp, Motosport SA will play a key role in the rapid expansion of Hero's network in Costa Rica.

As part of 'Hero We Care' the Company's umbrella Corporate Social Responsibility (CSR) platform, Hero Glamour motorcycles were handed over to the Honorable Chief Minister of Uttarakhand.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 2800.95 as compared to the previous close of Rs. 2763.10. The total number of shares traded during the day was 28722 in over 4787 trades.

The stock hit an intraday high of Rs. 2812.65 and intraday low of 2740.05. The net turnover during the day was Rs. 80299565.00.

Source : Equity Bulls

Keywords

HeroMotoCorp INE158A01026 2Wheelers Motorcycles Scooters May2023 SalesVolume