Hero MotoCorp's Sales Rise by 7.5% in 2024, Highlighting Mavrick 440's Impact
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Hero MotoCorp has demonstrated a robust beginning to the new year, with sales data for December 2024 reflecting a positive trajectory. The company has reiterated its dedication to innovation and its ambition to enhance its footprint in both domestic and international markets.
Key Highlights:
* Total Sales: In December 2024, Hero MotoCorp recorded total sales of 3,24,906 units, a decline from 3,93,952 units in December 2023, indicating a year-over-year decrease of 17.55 per cent.
* Domestic Sales: Domestic sales amounted to 2,94,152 units in December 2024, down from 3,77,842 units during the same month last year, representing a decrease of 22.17 per cent.
* Exports: Exports for December 2024 reached 30,754 units, a notable increase from 16,110 units in December 2023, reflecting a substantial growth of 91.14 per cent.
* Year-to-date (YTD) FY25 Sales: As of December 2024, Hero MotoCorp has achieved total sales of 45,18,642 units in FY25, compared to 42,29,032 units in the corresponding period last year, marking an increase of 6.86 per cent.
* Product Launches: The company has made significant strides in the 125 cc segment with the introduction of the Hero Xtreme 125R.
In addition to the Xtreme 125R, the brand celebrated the 30th anniversary of the Splendor, the world's best-selling motorcycle, by launching the Splendor+ XTEC 2.0. The Maverick 440 was unveiled, sharing its foundation with the Harley-Davidson X440. Limited units of ‘The Centennial’ were auctioned to commemorate the centennial anniversary of the Founder Chairman, Dr. Brijmohan Lall Munjal.
The 2024 Hero Glamour was also introduced, featuring new colours and enhancements, while the Xtreme 160R 2V received a 2024 update with minor improvements. The Maverick 440's limited edition, known as the Thunderwheels Edition, was launched in collaboration with Thums Up.
In the scooter segment, Hero MotoCorp launched the Vida V2 series of electric scooters and the Destini 125. The brand also participated in EICMA 2024, showcasing models such as the Vida Z, Xpulse 210, Xtreme 250R, Karizma XMR 250, and the Maverick Scr
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