Hero MotoCorp’s May Two-Wheeler Despatches Rise Slightly; Scooter Sales Up 21%

Hero MotoCorp overall two-wheeler despatches in May grew just under 2% year on year, driven mainly by strong scooter sales, according to the company’s exchange filing late Sunday. Export growth remained flat, contrasting with broader industry trends.

The company sold 507,701 units to dealerships in May, up slightly from 498,255 units a year ago. So far this financial year, it has despatched 813,107 two-wheelers, down about 21% compared with the same period last year.

Motorcycles accounted for most of the despatches, with 475,164 units sold in May, barely up from 471,186 a year earlier. Scooters performed better, with sales rising nearly 21% to 32,537 units.

Domestic sales stood at 488,997 units, up nearly 2%, while overseas sales were 18,704 units, flat on year.

The company said export growth is expected soon, reflecting rising demand in key markets such as Bangladesh and Colombia. Electric two-wheeler sales under the VIDA brand reached 8,361 units in May. A new electric model is set to launch on July 1.