Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold 491,050 units in the month of November 2023.
The Company registered a double-digit growth of 26% over the corresponding month of the previous fiscal when it sold 390,932 units in November 2022.
Hero MotoCorp expects the demand to be on a healthy trajectory in the coming months on account of favorable economic indicators, including the ongoing marriage season and positive consumer sentiments.
In the month of November 2023, Hero MotoCorp made a splash at EICMA Motor Show in Milan, announcing a slew of strategic initiatives including an extensive growth plans to expand its footprint in electric mobility, enter new ICE vehicles categories and foray into Europe. The company unveiled three concept vehicles - Concept 2.5R XTunt, Lynx and Acro as well as three production-ready vehicles - Xoom (125R & 160), Vida V1 Pro and Vida V1 Coupe.
The company also recorded its highest-ever festive sales, clocking more than 14 lakh (1.4 million) units in retail sales during the 32-day festive period - between the first day of the Navratras and Bhai Dooj - this year.
Hero MotoSports Team Rally, the motorsport team of Hero MotoCorp - has further bolstered its team line-up with the signing of top-rider Joan Barreda Bort. His first outing with the Hero MotoCorp team will be in January next year, at the Dakar Rally 2024.
Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 3758.55 as compared to the previous close of Rs. 3819.05. The total number of shares traded during the day was 40973 in over 4554 trades.
The stock hit an intraday high of Rs. 3867.20 and intraday low of 3740.00. The net turnover during the day was Rs. 155967565.00.