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Hero MotoCorp sold 5.19 lakh motorcycles & scooters in May 2023

Hero MotoCorp has updated its May 2023 sales figure. Yet again it retained its position as the market leader in two-wheeler sales in India. With total sales coming out as over the 5-lakh unit mark in May 2023. Noteworthy to mention, the brand also had previously sold over 5 lakh units in March 2023.

Detailed Sales Analysis For Hero MotoCorp

But then, Hero’s sales had dipped significantly to 3,96,107 units in April. For the given period, the two-wheeler manufacturer posted cumulative sales of 5,19,474 units. This compares to posting a 7 per cent growth year-on-year and a more notable 31.1 per cent growth month-on-month. Hero MotoCorp also reported sales of 5,08,309 units for the Indian market. This is a good 9 per cent growth over May 2022 and up 31.6 per cent from April 2023.

Cumulative motorcycle sales for the month were at 4,89,336 units. This is up from 4,52,246 units in the same month last year. Numbers were also significantly higher up when compared to April 2023. This was when the brand had reported motorcycle sales of 3,68,830 units. Interestingly, the scooter sales meanwhile were down year-on-year at 30,138 units from 34,458 units. But they were still higher than April’s 27,277 units.  Exports meanwhile continue with a declining trend year-on-year. India’s largest two-wheeler manufacturer reported a total of 11,165 units. This is an upward trend as compared to 9,923 units in April 2023. But then down from 20,238 units last year.

Hero Expecting Sales To Go Up

Hero mentioned that it is aiming for strong sales performance to continue in the coming months. This is because of the slew of new launches in the works. In addition to that, the brand is also witnessing positive customer sentiment. The two-wheeler manufacturer has also been working on a new 400cc motorcycle. This is the all-new Karizma XMR that was recently showcased to the dealer last month ahead of its launch.

Also Read: 2023 Hero MotoCorp HF-Deluxe launched in India at INR 60,760

 

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