Hero MotoCorp Limited — Updates, 02-01-2025: Press Release

Hero MotoCorp has concluded calendar year 2024 with impressive sales, achieving over 59 lakh (5.9 million) units of motorcycles and scooters, reflecting a 7.5% increase compared to the previous year. The global business also saw a robust 49% growth, with the company launching eight new models tailored to diverse markets. In electric mobility, Hero recorded sales of more than 46,662 units of VIDA V1 e-scooters and established an extensive charging network across India.

The expansion includes a new assembly facility in Nepal and an upcoming wholly owned subsidiary in Brazil, with further plans for Southeast Asia. The company has also enhanced its premium offerings by developing partnerships, notably with Harley-Davidson. Key product launches in 2024, such as the Hero Xtreme 125R and VIDA V2 electric scooters, underline its commitment to innovation and growth. Looking ahead, Hero MotoCorp aims for a strong start to 2025 with numerous new model unveilings planned, creating a positive outlook for the upcoming year amid a recovering market sentiment.