Hero MotoCorp Clocks 5% YoY Sales Growth in CY2023, Sells 54.99 Lakh Units

Hero MotoCorp released its sales figures for 2023, noting that from January to December, the manufacturer sold over 54.99 lakh units. The maker's volume sales increased by 5 per cent in comparison to the 52.47 lakh units sold in the same time in 2022. However, the firm witnessed a slight decline in volume, selling 3,93,952 units in December 2023 as opposed to 3,94,179 units delivered in December 2022, even though sales for the year finished on a positive note. Commenting on the occasion, Hero MotoCorp said, "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".

Also Read: 2023 Hero Karizma XMR vs Suzuki Gixxer SF 250 Comparison Review: Is This the Return of the Legend?

Hero MotoCorp Sales Figures

Going into further details, motorcycle sales for the company in December were 3.55 lakh units, almost unchanged from 3.57 lakh motorcycles sold in the same month the previous year. Nonetheless, the business reported that scooter sales in December 2023 increased to 39,294 from 37,430 in the same month the previous year. Comparing 3,77,842 units to 3,81,365 units in 2022, domestic sales were unchanged. On the other hand, exports increased by 25 per cent last month, shipping 16,110 units abroad as opposed to 12,814 units in December 2022.

The Xoom 110, the Xtreme 160R 4V, the Karizma XMR 210, and the Passion Plus's comeback were among the highlights for Hero in 2023. Additionally, the company unveiled the X440, its first product developed in collaboration with Harley-Davidson. The brand also announced a partnership with Ather Energy to create a nationwide network of interoperable fast-charging stations. Hero MotoCorp also unveiled the 2.5R Xtunt Concept, the Xoom 125R, and the Xoom 160 at EICMA 2023, along with the confirmation of Vida's arrival into the European market.

Also Read: Top Scooters of 2023: Hero Xoom, Ola S1 X, Ather 450S and More

Hero MotoCorp to Launch Harley X440-based Bike

Following the release of the X440, Hero is currently preparing to debut an X440-based motorcycle on January 22, most likely a naked streetfighter with a sporty look. While the Harley-Davidson X440 and the new 440cc Hero bike may share the same underpinnings, their design will most likely differ. The forthcoming motorcycle will be more appealing to young riders and will include more amenities in comparison to the X440. 

Hero MotoCorp's upcoming offering will feature the same engine as the X440 when it comes to powertrain, but the engine sound will be distinct. For the uninitiated, the Harley-Davidson X440 is powered by a 440cc single-cylinder, air/oil-cooled unit with a 6-speed gearbox. The engine cranks out 27bhp at 6,000rpm and 38Nm at 4,000rpm. Moreover, the all-new Hero bike may come with features like Bluetooth connectivity, turn-by-turn navigation, a 3.5-inch digital instrument console, and more.