Hero To Expand Its EV Portfolio With New Products This Fiscal

Hero To Expand Its EV Portfolio With New Products This Fiscal

Automobile maker Hero MotoCorp said that it sold 503,448 units of motorcycles and scooters in June 2024. This translates into a growth of 15% over the corresponding month (June 2023). The company has now planned to expand its electric vehicle portfolio with more offering and diversified products, the company said.

During the month, the company achieved its highest-ever dispatches for the VIDA V1. Hero MotoCorp will be expanding its EV portfolio with new products in the mid and mass segments this fiscal. The company registered an impressive growth of 44% in its global business sales during Q1 FY’25, on the back of the expansion of Nepal operations, growth in Colombia & Mexico and increased market penetration in Turkey.

In the domestic business the company sold 491,416 units in the month, translating into a growth of 16% over the corresponding month (422,757 in June 2023). For the quarter ended June 2024, the company’s total sales grew by 13.5% over the previous year (Q1FY’25 – 15.35 lakhs vs. Q1FY’24 – 13.52 lakhs).

“Continuing to bolster its presence in the 125cc, premium and EV segments, Hero MotoCorp is witnessing strong demand for products like the Xtreme 125 and VIDA V1. The company is simultaneously expanding its network of Hero Premia and Hero 2.0 stores to enhance the overall customer experience,” a media statement said.

Hero MotoCorp has also been certified as Zero-Waste-to-Landfill (ZML). This goal was achieved well before the set target of 2025 while reducing the overall waste generated by 40%.

Hero MotoCorp has also partnered with the Indian army to commemorate the 25th anniversary (Silver Jubilee) of ‘Operation Vijay’ of the Kargil War. In celebration of this historic achievement, the Indian Army is undertaking the D5 Motorcycle Expedition on the Mavrick
440 and Xpulse 200 4V motorcycles.

Hero MotoSports Team Rally completed the Desafio Ruta 40 rally with a top 5 result. The team maintains its World Championship lead, with Ross Branch in the leadership position for the third consecutive round this season.