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Hero MotoCorp achieved 4.68 lakh unit sales in February 2024, marked by robust YoY and MoM growth in motorcycles and scooters, domestically and internationally. Dominating the two-wheeler market.
Key Highlights:
Hero MotoCorp, recognized as the world's largest two-wheeler manufacturer, concluded February 2024 on a positive note with significant growth in sales. This report presents a detailed analysis of Hero MotoCorp's sales performance, focusing on motorcycles and scooters, as well as domestic and export markets.
Hero | Feb’24 | Feb’23 | Difference | Growth% (YoY) |
Motorcycles | 4,36,929 | 3,71,854 | 65,075 | 17.50 |
Scooters | 31,481 | 22,606 | 8,875 | 39.26 |
Domestic | 4,45,257 | 3,82,317 | 62,940 | 16.46 |
Export | 23,153 | 12,143 | 11,010 | 90.67 |
Total | 4,68,410 | 3,94,460 | 73,950 | 18.75 |
Motorcycle Sales:
Scooter Sales:
Domestic and Export Markets:
Hero MotoCorp's YoY sales analysis for February 2024 reflects a commendable performance, characterized by significant growth across motorcycles, scooters, domestic, and export markets.
The company's strategic focus on product innovation, market expansion, and customer-centric approach has resulted in strong sales growth and reaffirmed its position as a leader in the two-wheeler industry.
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Hero | Feb’24 | Jan’24 | Difference | Growth% (MoM) |
4,36,929 | 4,02,056 | 34,873 | 8.67 | |
31,481 | 31,542 | -61 | -0.19 | |
Domestic | 4,45,257 | 4,20,934 | 24,323 | 5.78 |
Export | 23,153 | 12,664 | 10,489 | 82.83 |
Total | 4,68,410 | 4,33,598 | 34,812 | 8.03 |
Motorcycle Sales:
Scooter Sales:
Domestic and Export Markets:
Hero MotoCorp's MoM sales analysis for February 2024 demonstrates positive growth trends in motorcycle sales, domestic, and export markets, despite a marginal decline in scooter sales.
The company's ability to adapt to changing market conditions and capitalize on growth opportunities underscores its resilience and strategic acumen in navigating the competitive landscape of the two-wheeler industry.
Hero MotoCorp's sales report for February 2024 underscores its robust performance and market dominance in the two-wheeler segment. The company's strong focus on motorcycles, coupled with strategic initiatives in the scooter segment and international expansion, has propelled its sales growth. With promising future endeavors and a favorable market outlook, Hero MotoCorp is poised for continued success in the global two-wheeler market.
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