Hero Moto Corp Sales February 2024: India’s largest two-wheeler manufacturer, Hero has released its sales figures for February 2024 including domestic sales and exports in all the segments. The two-wheeler giant collected a major part of its revenue from the motorcycles segment. The total motorcycle sales in February 2024 stood at 4.36 lakh units and it is almost 93.28 per cent of the total revenue of Hero in February 2024.
In comparison to the 3,71,854 units sold in February 2023, Hero recorded a 17.50% YoY rise, translating into a 65,075 unit increase in volume. Hero motorcycle sales increased by 8.67% MoM or 34,873 units, in contrast to the 4,36,929 units sold in January 2024.
Hero Moto Corp Year-to-Date Growth
Hero sold 47,33,948 units of Motorcycles so far in FY24 compared to 44,73,260 units in FY23. This represents a volume rise of 2,60,688 units and a YoY growth of 5.83%. Hero’s bikes made up 92.26% of all sales in the YTD sales. Hero sold 31,481 scooters in the previous month, accounting for 6.72% of the company’s total sales.
Remarkable Growth in Exports
While Hero collects its major revenue from the domestic market, the brand recorded remarkable growth in exports in the month of February 2024. The two-wheeler giant exports figure almost doubled in Feb 2024. Exports also saw an 8.73% YoY growth, with 1,69,765 units delivered in FY24. Hero MotoCorp sold 4,68,410 units overall last month and 51,31,040 units so far in FY24 YTD, resulting in an 8.03% MoM growth and an 18.75% YoY growth. There was a 34,812 unit MoM and 73,950 unit YoY volume growth.
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