Hero MotoCorp share price falls 3% as company reports 17% drop in sales volume for December

Hero MotoCorp sold 324,906 motorcycles and scooters in December 2024, down 17.53% from December 2023. In the domestic business, the company sold 294,152 units in December 2024, while it exported 30,754 units during the same month.

The company capped off the calendar year 2024 on a positive note with sales of 59,11,065 (5.9 million) units of motorcycles and scooters from January to December 2024. This translates into a volume growth of 7.5% over the corresponding period of CY 2023, when the company sold 54,99,524 (5.5 million) units of two-wheelers.

The company recorded a notable double-digit 49% growth in its global business sales during CY2024. In line with its focus on the electric vehicle (EV) segment, the company made significant strides with sales of over 46,662 units of VIDA V1 e-scooters in CY 2024.

In the quarter gone by, the company reported 10% YoY growth in revenue at ₹10,482 crore as compared to ₹9,533 crore in the previous year's similar quarter. The EBITDA for the quarter also posted robust growth of 13% at ₹1,536 crore with an EBITDA margin of 14.65%. Lastly, the net profit for the quarter grew by 15% YoY to ₹1,152 crore for Q3FY25.

Hero MotoCorp Limited manufactures and sells motorised two-wheelers, spare parts, and related services. The company is a leading two-wheeler manufacturer with a dominant presence in the domestic market. Company is also one of the leading EV two-wheeler manufacturers.