Stock Report

Hero MotoCorp sells 436,993 units in June 2023

Posted On : 2023-07-02 08:50:36( TIMEZONE : IST )

Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold 436,993 units in June 2023.

The onset of monsoon in most parts of the country and overall economic indicators bode well for a growth in demand, and industry volumes are expected to pick up leading into the upcoming festive season.

Setting a momentous milestone in its premium journey, Hero MotoCorp and HarleyDavidson will unveil their first co-developed premium motorcycle Harley-Davidson X440 at the Hero Centre of Innovation and Technology (CIT) on Monday, July 3rd in Jaipur.

With a slew of new launches lined up during this year, Hero MotoCorp has already accelerated its rapidly expanding presence in the premium space with the unveiling of the Xtreme 160R 4V in the month of June. It offers a combination of unparalleled performance, masculine stance, smart & connected features and sharper control. The new Xtreme 160R 4V will be available in three variants of Standard, Connected 2.0, and Pro variant with Upside Down forks.

In June 2023, the company also launched a refreshing new range of its highly popular 100cc motorcycles - the HF Deluxe and Passion+. The four new stripes enhance the overall dynamic appearance of the HF Deluxe. The Canvas Black Edition in HF Deluxe strives to take customer aspirations to newer heights, backed by enhanced safety and convenience. Building on the strong legacy of iconic brand Passion, the new Passion+ gets a fresh touch to its youthful design while enhancing the utility and comfort factor for riders.

As part of its unique 'Hero Salutes Heroes of the Nation' initiative under the flagship Corporate Social Responsibility (CSR) platform of 'Hero We Care', the Company is partnering with the Navy Welfare and Wellness Association (NWWA) to support their community development initiatives. As per this partnership, the company will support CHETNA - an Early Intervention Center in Delhi that provides occupational therapy, speech therapy, play and counselling to children born with neurodevelopmental disabilities.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 2909.40 as compared to the previous close of Rs. 2828.75. The total number of shares traded during the day was 40284 in over 5797 trades.

The stock hit an intraday high of Rs. 2919.35 and intraday low of 2831.05. The net turnover during the day was Rs. 116565703.00.