Business News
1 min read | Updated on November 02, 2024, 09:36 IST
SUMMARY
Hero MotoCorp's October sales rose 18% to 6.79 lakh units, driven by strong demand in the 100cc and 125cc segments. Domestic dispatches reached 6.57 lakh units, and VIDA recorded 8,750 electric vehicle dispatches, marking a significant achievement.
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Domestic dispatches to dealers rose to 6.57 lakh units compared to 5.6 lakh units in the year-ago period
The scrip closed at ₹5,020.50 apiece, marking a rise of 0.62% (+₹30.95) on Friday, November 2 on Muhurat trading.
The country's largest two-wheeler maker has sold 5.75 lakh units in October 2023.
Domestic dispatches to dealers rose to 6.57 lakh units compared to 5.6 lakh units in the year-ago period, the company said in a statement. The company's exports rose to 21,688 units last month from 15,164 units in the year-ago period, it added.
This significant growth was primarily driven by robust demand from key urban and rural areas, particularly in the 100cc and 125cc segments during the festive period, the company said.
Hero MotoCorp said its electric vehicle brand VIDA continued to have a strong growth trajectory this year and achieved its highest-ever monthly dispatches, reaching 8,750 units in October 2024.
The motorcycle manufacturer has a market capitalisation of ₹1 lakh crore.
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