Hero MotoCorp dispatches 393,952 units in December 2023

Continuing to further consolidate its market leadership, Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold more than 54.99 lakh units during the January-December period. This translates into a growth of 5% over the corresponding period (January-December 2022), when it had sold 52.47 lakh units.

The company dispatched 393,952 units of motorcycles and scooters in the month of December 2023.

With increased government spending and improved liquidity, encouraging farm activity and the upcoming marriage season, the company expects a positive momentum to build up from the fourth quarter onwards.

In the month of December 2023, Hero MotoCorp announced strengthening of its leadership team with the appointment of two senior executives - Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO). Both Vivek and Rachna will report to Niranjan Gupta, CEO, Hero MotoCorp.

The company announced its partnership with Ather Energy for an interoperable fastcharging network across India. Through this collaboration, EV users will be able to seamlessly use both VIDA and Ather grids across the country. The combined network will cover 100 cities with over 1900 fast-charging points.

Hero MotoSports Team Rally unveiled its team for the Dakar Rally 2024. A full-rider squad of four Rally GP class pilots - Joan Barreda Bort, Joaquim Rodrigues, Ross Branch, and Sebastian Buhler - will represent the only Indian team at the Dakar 2024.

Shares of Hero MotoCorp Limited was last trading in BSE at Rs. 4088.80 as compared to the previous close of Rs. 4115.65. The total number of shares traded during the day was 16067 in over 1525 trades.

The stock hit an intraday high of Rs. 4119.90 and intraday low of 4025.15. The net turnover during the day was Rs. 65567970.00.

Source : Equity Bulls

Keywords

HeroMotoCorp INE158A01026 December2023 SalesVolume