Hot Pursuit     02-May-24
Hero MotoCorp edges higher after two-wheeler sales rise by 35% YoY in April
Hero MotoCorp added 1.60% to Rs 4614.95 after the company said that it had sold 533,585 units of motorcycles and scooters in April 2024, which is higher by 34.7% as compared with sales of 396,107 units recorded in April 2023.

While the company’s motorcycles sales rose by 35% to 496,542 units, scooters sales recorded a growth of 36% to 37,043 units in April 2024 over April 2023.

During the period under review, sales of motorcycles and scooters in the domestic market aggregated to 513,296 units (up 33% YoY) and exports of the same added up to 20,289 units (up 104% YoY).

Hero MotoCorp is engaged in the manufacturing and selling of motorised two-wheelers, spare parts and related services. The Company is a leading two wheeler manufacturer and has a dominant presence in domestic market.

The company has reported 51% jump in standalone net profit to Rs 1,073 crore on a 21% increase in revenue to Rs 9,724 crore in Q3 FY24 as compared with Q3 FY23.

Previous News
  Hero MotoCorp Ltd soars 0.16%, gains for fifth straight session
 ( Hot Pursuit - 13-Jun-24   13:00 )
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 ( Hot Pursuit - 11-Jun-24   13:05 )
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 ( Hot Pursuit - 05-Jun-24   13:05 )
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 ( Hot Pursuit - 03-Jun-24   12:07 )
  Hero MotoCorp Ltd gains for fifth session
 ( Hot Pursuit - 14-May-24   13:00 )
  Hero MotoCorp joins ONDC network for selling two-wheeler parts and accessories
 ( Corporate News - 14-May-24   10:16 )
  Hero MotoCorp Ltd gains for third straight session
 ( Hot Pursuit - 10-May-24   13:05 )
  Barometers edge lower in early trade; breadth positive
 ( Market Commentary - Mid-Session 09-May-24   09:39 )
  Hero MotoCorp consolidated net profit rises 16.13% in the March 2024 quarter
 ( Results - Announcements 08-May-24   16:19 )
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 ( Hot Pursuit - 08-May-24   16:06 )
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