Hero MotoCorp's Stellar Growth: A Landmark Year in Global Sales & EV Expansion

Hero MotoCorp reported a 7.5% increase in sales in 2024, selling 59,11,065 units. The global business grew by 49%, with eight new models launched. In the EV sector, it sold over 46,662 VIDA V1 e-scooters. CEO Niranjan Gupta anticipates further growth with new product launches in 2025.

Hero MotoCorp, a prominent player in the two-wheeler industry, has announced a 7.5% increase in its total sales for 2024, with numbers reaching 5,911,065 units compared to the previous year's 5,499,524 units.

The company saw a significant 49% rise in global business sales this year and introduced eight new models aimed at region-specific markets.

In the electric vehicle segment, over 46,662 units of the VIDA V1 e-scooters were sold. CEO Niranjan Gupta highlighted the successes across different segments and expressed optimism for 2025, with plans for new launches in EV and premium portfolios.

(With inputs from agencies.)