Hero MotoCorp's June Sales Up 10% On Rural, Urban Demand

Hero MotoCorp Ltd. sold 553,963 units in June, up 10% on year, driven by steady demand across both urban and rural markets, the company said in an exchange filing Tuesday.

Domestic sales rose to 525,136 units from 491,416 units a year ago, while exports jumped to 28,827 units from 12,032 units. Motorcycle sales grew over 8% on year to 512,658 units and scooter volumes surged nearly 37% to 41,305 units.

The company said it expects demand to pick up further with the onset of monsoon and a positive economic outlook ahead of the festive season.

For the April–June quarter, total sales fell nearly 10% on year to 1.37 million units due to weakness in the domestic market. However, exports rose 26% on year to 64,413 units during the quarter.

“Driven by a focused strategy to deepen its presence in key markets while expanding into new geographies, the company continued its strong performance in global business,” Hero MotoCorp said.