The two-wheeler manufacturer Hero MotoCorp recorded a 2% increase in wholesale sales of January 2025, reaching 4.43 lakh units. Despite this positive update, the company’s stock opened with a 1% gain on BSE, but later went into a red mark. The company’s market capitalization reached Rs 87,500 crore.
Hero MotoCorp’s total sales figures in January
Hero MotoCorp sold a total of 4,42,873 units of two-wheelers in January 2025, of which:
- Motorcycle: 4,00,293 units
- Scooters: 42,580 units
In the same month last year, the company sold 4,33,598 units of vehicles, which was slightly lower than this year.
Demonstration in domestic and global markets
- Domestic Market: In January 2025, the company sold 4,12,378 two-wheelers, while the number was 4,20,934 in January 2024. This means that domestic sales declined by 2%.
- Global Market: Internationally, Hero MotoCorp sold 30,495 units, which shows a 141% increase against 12,664 units sold in January 2024.
Hero MotoCorp’s share increased 9% in a week
Although Hero MotoCorp shares fell by 17% in the last 6 months, it saw a strength of 9% in the last one week. By the end of December 2024, the promoters stake in the company 34.74%. The face value of the stock is Rs 2.
Results of December quarter will come on 6 February
Hero MotoCorp will release its October-December 2024 quarter financial results on 6 February 2025.
- In July-September 2024 quarter:
- The company’s standalone revenue was Rs 10,463.21 crore.
- The net profit was recorded at Rs 1,203.54 crore.
Hero MotoCorp’s CEO will change
Recently, there was news that Hero MotoCorp CEO Niranjan Gupta has decided to step down after 8 years.
- He will hold the post of CEO till 30 April 2025.
- In his place, Executive Director (Operations) Vikram Kasbekar will be appointed as acting CEO from 1 May 2025.
After Hero MotoCorp’s future strategy and leadership change, the company’s shares can see more fluctuations.
