{"id":19460,"date":"2025-01-05T23:49:23","date_gmt":"2025-01-05T18:19:23","guid":{"rendered":"https:\/\/timesofpowerandvoice.com\/?p=19460"},"modified":"2025-01-05T23:49:27","modified_gmt":"2025-01-05T18:19:27","slug":"hero-motocorp-concludes-calendar-year-2024-with-sales-of-more-than-59-lakh-5-9-million-motorcycles-and-scooters","status":"publish","type":"post","link":"https:\/\/timesofpowerandvoice.com\/?p=19460","title":{"rendered":"HERO MOTOCORP CONCLUDES CALENDAR YEAR 2024 WITH SALES OF MORE THAN 59 LAKH (5.9 MILLION) MOTORCYCLES AND SCOOTERS"},"content":{"rendered":"\n

GEARS UP FOR 2025 WITH A SLEW OF PRODUCT LAUNCHES<\/strong><\/p>\n\n\n\n

Pune(Voice News Service): Hero MotoCorp<\/strong>, the world’s largest manufacturer of motorcycles and scooters, 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 \u2013 December 2024. This translates into a volume growth of 7.5% over the corresponding period CY\u201923, when the company sold 54,99,524 (5.5 million) units of two-wheelers.<\/p>\n\n\n\n

STRENGTHENING GLOBAL-PRESENCE<\/strong><\/p>\n\n\n\n

Hero MotoCorp recorded a notable double-digit 49% growth in its global business sales during the CY\u201924. The company launched eight new models globally, each designed to cater to region specific customer preferences. The company inaugurated a state-of-the-art assembly facility in Nepal in collaboration with its partner, CG Motors. Additionally, it announced setting-up a wholly owned subsidiary in Brazil. Expanding its reach into Southeast Asia, the company also commenced operations in the Philippines.<\/p>\n\n\n\n

ACCELERATING ELECTRIC MOBILITY<\/strong><\/p>\n\n\n\n

In line with its focus on the electric vehicle (EV) segment, Hero MotoCorp made significant strides with sales of over 46,662 units of VIDA V1 e-scooters in the CY 2024. To enhance customer experience and offer a hassle-free riding experience, the company has established an expansive VIDA fast-charging network with over 3100 charging points across 250+ cities in India and has an extensive network of over 500 service touchpoints.<\/p>\n\n\n\n

HERO MOTOCORP AND HARLEY-DAVIDSON<\/strong><\/p>\n\n\n\n

The Company has extended its partnership with Harley-Davidson Motor Company, Inc. in order to expand the Harley-Davidson X440 into new variants as well as to develop a new motorcycle for both domestic and select international markets.<\/p>\n\n\n\n

Commenting on the sales performance, Niranjan Gupta, Chief Executive Officer (CEO) of Hero MotoCorp Ltd., said<\/strong>, \u201c2024 has been a landmark year for Hero MotoCorp, defined by record-breaking achievements such as our highest-ever H1 FY 25 revenue and profits, a new festive sale record, significant global expansion, and increase in VIDA market share. Growth across multiple segments\u2014from our core offerings, 125cc motorcycle segment and the evolving electric mobility portfolio\u2014has reinforced Hero’s position as the preferred brand for millions of customers across the country.  As we look forward to Calendar Year 2025, we are poised for an exciting journey with key product launches including expansion of EV portfolio, further strengthening of premium portfolio and new scooter models in ICE segment. We believe an improvement in the broader customer sentiment may lead to even stronger demand recovery for us and the industry.\u201d<\/em><\/p>\n\n\n\n

PRODUCT LAUNCHES<\/strong><\/p>\n\n\n\n

The Company made its debut in the upper-premium segment with the Mavrick 440 motorcycle during the year. The ever-popular 125cc segment of Hero MotoCorp was further invigorated with the launch of Hero Xtreme 125R and the unveiling of the new Destini 125. Additionally, the company also entered the mass-segment with VIDA V2 \u2013 range of electric scooters in the sub – Rs.1 Lakh category, making VIDA more aspirational, accessible, and affordable.<\/p>\n\n\n\n

EXPANDING PREMIUM CUSTOMER EXPERIENCE<\/strong><\/p>\n\n\n\n

To make its premium portfolio more accessible, Hero MotoCorp established over 60 Premia dealerships across the country in 2024. These state-of-the-art outlets feature dedicated sections for Hero, VIDA, and Harley-Davidson products, offering customers a seamless and premium retail experience. The company also inaugurated over 400 Hero 2.0 stores during the year, expanding the total number of Hero 2.0 outlets to 685.<\/p>\n\n\n\n

SUSTAINABILITY<\/strong><\/p>\n\n\n\n

The Company’s unwavering dedication to advancing all three metrics of Environment, Social, and Governance (ESG) has resulted in significant improvement in S&P Dow Jones Sustainability Index (DJSI) score from 51 to 69. Hero MotoCorp now ranks no 1 on DJSI score amongst two-wheeler industry in India and fourth in global automotive industry.  Hero MotoCorp achieved significant recognition by winning the prestigious Sword of Honour from the British Safety Council.<\/p>\n\n\n\n

INNOVATION<\/strong><\/p>\n\n\n\n

Hero MotoCorp’s groundbreaking innovation, the Surge S32, has been recognized as one of TIME Magazine’s 100 Best Innovations of 2024. It also received the prestigious Red Dot: Best of the Best Award and won Platinum at the A’ Design Awards.<\/p>\n\n\n\n

EXCITING START TO THE NEW YEAR<\/strong><\/p>\n\n\n\n

As part of its robust product strategy, Hero MotoCorp is geared to unveil an exciting range of premium motorcycles and scooters, including the electric, at the Bharat Mobility 2025. This initiative underscores the company\u2019s commitment to innovation and its strategic focus on catering to the evolving demands of the Indian and global markets.<\/p>\n\n\n\n

Particulars<\/strong><\/strong><\/td>DEC-24<\/strong><\/strong><\/td>DEC’ 23<\/strong><\/strong><\/td>YTD FY\u201925<\/strong><\/strong><\/td>YTD FY\u201924<\/strong><\/strong><\/td><\/tr>
Motorcycles<\/td>        298,516<\/td>     354,658<\/td>  4,217,249<\/td>  3,894,963<\/td><\/tr>
Scooters<\/td>           26,390<\/td>        39,294<\/td>     301,393<\/td>     334,069<\/td><\/tr>
Total<\/strong><\/strong><\/td>        324,906<\/strong><\/strong><\/td>     393,952<\/strong><\/strong><\/td> 4,518,642<\/strong><\/strong><\/td> 4,229,032<\/strong><\/strong><\/td><\/tr>
Domestic<\/td>        294,152<\/td>     377,842<\/td>  4,331,998<\/td>  4,095,084<\/td><\/tr>
Exports<\/td>           30,754<\/td>        16,110<\/td>     186,644<\/td>     133,948<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Highlights | January \u2013 December 2024<\/strong><\/td><\/tr>
Product<\/strong><\/td>Launches\u00b7         Invigorated the 125cc segment with the launch of Hero Xtreme 125R\u00b7         Launched Splendor+ XTEC 2.0 celebrating the 30th anniversary of world\u2019s highest-selling motorcycle\u00b7         Debut of the Mavrick 440 in the upper-premium segment\u00b7         Hero MotoCorp revealed Harley-Davidson 2024 model prices across India- Breakout 117 re-introduced in India along with all new Road Glide and Street Glide\u00b7         Auctioned limited units of \u2018The Centennial\u2019 – for the centennial anniversary of the Founder Chairman, Dr. Brijmohan Lall Munjal\u00b7         Launched the Hero Glamour 2024 with new features and colors\u00b7         Launched the Mavrick 440 Thunderwheels, a limited-edition motorcycle in collaboration with Thums Up\u00b7         Launched the new Hero Xtreme 160R 2V 2024 Edition\u00b7         Launched the VIDA V2 series of electric scooters\u00b7         Unveiled the new Hero Destini 125 Scooter\u00b7         Unveiled the VIDA Z, Xpulse 210, Xtreme 250R, Karizma XMR 250 and the Mavrick Scrambler at EICMA 2024<\/td><\/tr>
Business<\/strong><\/td>\u00b7         Hero MotoCorp joined the ONDC network, the country\u2019s first auto company to join the network\u00b7         Achieved highest-ever retail sales during the recent 32-day festive period\u00b7         Expanded Hero Premia reach to 60 outlets\u00b7         Launched Hero For Startups to promote the future mobility ecosystem\u00b7         Achieved highest-ever monthly dispatches for VIDA V1 with retail market share grown to over 5%<\/td><\/tr>
Global Business<\/strong><\/td>\u00b7         Inaugurated assembly facility in Nepal with partner CG Motors\u00b7         Announced setting-up a wholly owned subsidiary in Brazil\u00b7         Entered Southeast Asian geography by Commencing operations in the Philippines\u00b7         Announced plans to enter multiple European and UK marketsby the second half of 2025.<\/td><\/tr>
Sports Initiatives<\/strong><\/td>\u00b7         Hero MotoSports Team Rally Secured second place at the Dakar Rally 2024\u00b7         Ross Branch won the FIM World Rally-Raid Championship (W2RC) 2024 \u2013 making Hero MotoSports the first Indian manufacturer to earn a FIM world title\u00b7         Entered a partnership with the International Hockey Federation (FIH) for a period of 5 years and signed on as the Title Sponsor for Hockey India League for the next 3 seasons<\/td><\/tr>
Customer engagement initiatives<\/strong><\/td>\u00b7         Lit up the festive season with \u2018Shubh Muhurat Aaya, Hero Saath Laya\u2019 marking the third edition of Hero MotoCorp\u2019s Grand Indian Festival of Trust (GIFT)\u00b7         Hero MotoCorp\u2019s unveiled \u201cChallenge the Xtreme\u201d campaign for the Hero Xtreme Power Brand featuring global icon Virat Kohli\u00b7         VIDA partnered with Procam International for TCS Word 10K<\/td><\/tr>
Brand<\/strong><\/td>\u00b7         Honored with the prestigious Platinum A\u2019 Design Award in the Vehicle, Mobility and Transportation Design category and won the Red Dot: Best of the Best award for the Surge S32<\/td><\/tr>
ESG\/CSR<\/strong><\/td>\u00b7         Gurugram manufacturing facility received the prestigious CII National Award for Excellence in Water Management under \u2018Within the Fence\u2019 category\u00b7         Hero MotoCorp certified as Zero-Waste-to-Landfill (ZWL)\u00b7         Raised Rs. 8.6 Crores for Charitable Initiatives through \u2018The Centennial\u2019 auction.\u00b7         Hero MotoCorp received the prestigious Sword of Honour from the British Safety Council.<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

GEARS UP FOR 2025 WITH A SLEW OF PRODUCT LAUNCHES Pune(Voice News Service): Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, 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 \u2013 December 2024. This translates into a volume growth of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[],"class_list":["post-19460","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/19460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19460"}],"version-history":[{"count":1,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/19460\/revisions"}],"predecessor-version":[{"id":19461,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/19460\/revisions\/19461"}],"wp:attachment":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}