Hero MotoCorp falls despite reporting 19% growth in total sales in September 2024

Hero MotoCorp is currently trading at Rs. 5688.90, down by 60.65 points or 1.05% from its previous closing of Rs. 5749.55 on the BSE.

The scrip opened at Rs. 5749.55 and has touched a high and low of Rs. 5749.55 and Rs. 5631.00 respectively. So far 17368 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 6245.00 on 24-Sep-2024 and a 52 week low of Rs. 2925.00 on 09-Oct-2023.

Last one week high and low of the scrip stood at Rs. 6085.85 and Rs. 5631.00 respectively. The current market cap of the company is Rs. 113649.70 crore.

The promoters holding in the company stood at 34.76%, while Institutions and Non-Institutions held 56.75% and 8.49% respectively.

Hero MotoCorp has sold 637,050 units of motorcycles and scooters in September 2024 as compared to 536,499 units in September 2023, i.e. up by 18.74%. The company has sold 3,054,840 units in YTD FY25 (April-September 2024), translating into a 10% growth over the same period last year (April-September 2023) and continues to experience strong demand across the 100cc, 125cc, and premium segments.

In the domestic business the company sold 616,706 units in the month, translating into a growth of 18.65% over the corresponding month (519,789 in September 2023). The company has exported 20,344 units in September 2024. 

The Company also continued to expand its global business and registered a remarkable growth of 30% in its YTD sales. A positive sentiment is prevalent in the industry as it approaches the festive season on the back of a good monsoon. Hero MotoCorp is geared up with a host customer offers, in line with previous festive periods, across its wide and attractive portfolio.

The company has a strong pipeline of bookings and is experiencing increased customer footfall leading up to the festive season. It expects healthy growth during the 32-day period starting from October 3.

In a significant collaboration, Hero MotoCorp teamed up with Thums Up to present the Mavrick 440 Thunderwheels, a limited edition of its flagship motorcycle, the Mavrick 440. Hero MotoCorp has meticulously crafted this exclusive series of 300 motorcycles to provide riders with an exceptional journey on wheels. This motorcycle will be exclusively available to customers who purchase a Thums Up until November 31, 2024.

The company launched the new Hero Xtreme 160R 2V 2024 Edition in September at an attractive price of Rs 1,11,111 across the country. It features the segment-first drag race timer and also boasts a new signature taillight and enhanced rear grip span for improved comfort for pillion riders.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.