Hero MotoCorp

Hero MotoCorp reported a 22 percent de-growth on a YoY basis while MoM sales increased 25.65 percentImage – Vlogger Satyam GuptaHero MotoCorp, the world’s largest two wheeler maker has reported a 21.98 percern YoY decline in sales in March 2022. Sales which had stood at 5,76,957 units in March 2021 dipped to 4,50,154 units in the past month. It was, however, a 25.65 percent MoM growth over 3,58,254 units sold in February 2021.The company has recently introduced the new Destini 125 ‘XTEC’ scooter that comes in with a new design and the latest in technology, priced at Rs 79,990. The company expects this new 125 cc scooter to boost sales in the months ahead.Hero MotoCorp Sales March 2022Motorcycle sales in the past month stood at 4,25,721 units, down 18.85 percent or 98,887 units when compared to sales of 5,24,608 units sold in March 2021. Motorcycles commanded a 94.57 percent share in March 2022 up from 88.96 percent held in February 2022. Hero motorcycles on offer are Splendor, HF Deluxe, Passion, Glamour, Xpulse, Xtreme.Scooter sales dipped 53.33 percent YoY to 24,433 units in March 2022, down from 52,349 units sold in March 2021. Hero scooters on sale are Passion, Pleasure, Maestro, Destini. Domestic sales fell to 4,15,764 units last month, down 23.62 percent over 5,44,340 units sold in March 2021 while exports increased 7.09 percent to 34,930 units over 32,617 units shipped in March 2021.Hero MotoCorp Sales March 2022Month on month (MoM) sales on the other hand saw more positive results. Total sales increased 25.65 percent from 3,58,254 units sold in February 2022 with sales growth seen across motorcycle and scooter sales both in domestic and global markets.Motorcycle sales increased 25.78 percent from 3,38,454 units sold in February 2022. There was a 23.40 percent growth in scooter sales to 24,433 units in March from 19,800 units sold in February 2022. Total domestic sales also surged 25.43 percent from 3,31,462 units sold in February 2022 while exports increased 30.37 percent over 26,792 units shipped in February 2022.Hero MotoCorp Q1 and YTD SalesHero MotoCorp has also reported a de-growth both in terms of Q1 and YTD sales. Q1 2022 sales stood at 11,88,884 units, down 24.19 percent over 15,68,313 units sold in Q1 of 2021. De-growth was seen both in motorcycle and scooter sales which dipped 21.94 percent and 48.94 percent respectively.Hero MotoCorp Q1 2022 and YTD FY 2022 salesMotorcycle and scooter sales stood at 11,22,020 units and 66,864 units in the Q1 of 2022, down from 14,37,368 units and 1,30,945 units sold in Q1 of 2021. Domestic sales dipped 26.10 percent to 11,05,886 units down from 14,96,549 units while exports increased 16.41 percent to 83,538 units in Q1 2022 from 71,764 units shipped in Q1 of 2021.On a YTD basis, Hero MotoCorp saw sales 14.63 percent to 49,44,150 units in FY2022 period, down from 57,91,539 units sold in FY2021. De-growth was seen both in the case of motorcycle (-13.23 percent) and scooter (-30.93 percent) sales to 46,27,7654 units and 3,16,385 units respectively. Domestic sales dipped 17.08 percent to 46,43,526 units while exports increased substantially by 56.89 percent to 3,00,624 units in FY2022 period over 1,91,609 units shipped in FY2021.In related news, Hero MotoCorp has announced an upward revision in prices of both motorcycles and scooters with effect from 5th April 2022. The company stated that this was necessary so as to offset the impact of increase in commodity prices. The quantum of price hike will be upto Rs 2,000 and will be subject to specific models. More

New Hero Destini 125 XTEC is now available in a new exclusive colour – Nexus BlueNew Hero Destini 125 XTECHero MotoCorp today launched the new Destini 125 XTEC. Hero XTEC variants are already available in Glamour 125, and Pleasure+ 110. It brings with it new design and theme elements. With new LED headlamps, enhanced retro design and chrome elements, the scooter hopes to appeal. A new Nexus Blue colour has been added to the line-up, and enhances exclusivity.Hero Destini 125 XTEC Features Tech features that continue to offer value proposition include i3S Technology (for improved fuel efficiency), (Idle Stop-Start System), front USB charger, New Digi Analogue Speedometer with Bluetooth connectivity with call and SMS alerts, side-stand engine cut off and seat backrest. This adds to pillion comfort during rides.These connectivity and comfort features amplify convenience. There’s also a side-stand visual indication. Ex-sh Delhi price is listed at Rs 69,900 for STD variant, Rs 74,300 for the LX trim and Rs 79,990 for top of the line Destini 125 XTEC.Destini 125 XTEC’s LED headlamp, the company says ‘provides unprecedented illumination’. Light intensity now has a longer and wider road reach. Anti-fog advantage maximises on-road visibility in varied riding conditions.New Hero Destini 125 XTECThe scooter’s retro character is enhanced through premium chrome elements. This can be seen on mirrors, muffler protector, and handlebar. Other enhancing design elements include the ‘XTEC’ badging, dual tone seat and coloured inner panels. The digital analog speedometer with Bluetooth connectivity displays incoming, and missed call alerts, and message alerts. Important info displayed includes timings along with RTMI, and low fuel indicator. Hero Destini 125 XTEC features a 125cc BS-VI compliant engine with power output of 9 BHP @ 7000 RPM, and torque on demand of 10.4 NM @ 5500.Hero XTEC editionsMalo Le Masson, Head of Strategy and Global Product Planning, Hero MotoCorp, said, “The XTEC technology package has started to make a name of itself, being the signature for latest technology and segment first feature. We introduced XTEC editions on the Glamour 125, the Pleasure+ 110 with great success and today, on the Destini 125, which will further strengthen its popularity.”New Hero Destini 125 XTEC – 8 Colours Ranjivjit Singh, Chief Growth Officer, Hero MotoCorp, said, “The Destini 125 scooter enjoys a strong connect with the customers. Riders waiting for a distinctive experience will be drawn to the multi-faceted Hero Destini 125 XTEC. The new Destini 125 XTEC shows our continued technological advancements and follows after our other key scooter portfolio brands including Maestro Edge 125 Connect and Pleasure+ XTEC. Now in the new ‘XTEC avatar’, the Hero Destini 125 has upped the excitement once again in its segment. Designed with a clear focus on comfort and styling, the new Hero Destini 125 XTEC is surely going to strengthen our scooter portfolio in the country.” More

Hero MotoCorp reports YoY and MoM domestic sales decline in February 2022 in a slow start to Q4 FY22Image – Unseen AutoHero MotoCorp reports 31.58 percent decline in domestic sales in February 2022. Sales are down to 3,31,421 units from 4,84,405 units at volume loss of 1,52,984 units. MoM sales decline is reported at 7.58 percent, down from 2,58,607 units. Volume loss stood at 27,186 units. Performance in the first two months of the ongoing quarter is already stressed.Hero Sales Breakup Feb 2022Of this, Splendor sits atop the sales chart at 1,93,731 units, down from 2,47,422 units. Volume decline stood at 53,691 units at 21.70 percent decline. MoM sales decline is at 7 percent, down from 2,08,263 units at volume loss of under 15k units. For both January, and February 2022, Splendor sales accounted for over 58 percent of Hero’s domestic sales.Hero HF Deluxe sales fell by 40 percent, down at 75,927 units from 1,26,309 units. Volume loss stood at 50,382 units. Mom sales declined 11.64 percent, down from 85,926 units. Volume loss stood at 10k units. Glamour sales were flat at 37,406 units, up from 27,375 units. MoM sales improved 12 percent, up from 24,473 units at volume gain of just under 3k units.While Hero motorcycles rule the two-wheeler market, its scooter sales volume is much smaller. Pleasure sales fell to 14,207 units from 23,106 units. At 38.51 percent decline, volume loss is 8.9k units. MoM sales are up from 13,195 units at volume gain of just over 1k units. Passion sales fell to a fifth at 7,196 units from 34,417 units. Volume loss is 27,221 units at 79.09 percent decline. MoM sales fell 38.80 percent, down from 11,759 units.Hero Sales Breakup Feb 2022Hero Maestro sales are down at 4,417 units from 5,899 units. Sales fell by a quarter at volume decline of 1,482 units. MoM sales fell from 5743 units at a 23.09 percent decline. Xpulse 200 sales are up at 4,270 units from 2,861 units. MoM sales improved by over a third, up from 3,132 units.Hero Xtreme 160R sales fell to 3,593 units, down from 4,985 units. Volume loss stood at 1,392 units at 27.92 percent decline. Mom sales improved from 3,067 units. Destini 125 sales decline is steepest at 94.40 percent, down to 674 units from 12k units. MoM sales are down from 3,049 units.Hero Exports Breakup Feb 2022Compared to domestic sales, Hero MotoCorp Feb exports volume is marginal. For Feb ’22, the manufacturer reported growth of 27.98 percent. Exports are up at 26,792 units from 20,934 units. Volume gain is just below 6k units. Mom export growth is reported at 22.81 percent, up from 21,816 units. Volume gain is reported at just under 5k units.Hero Exports Breakup Feb 2022Exports are topped by Hunk at 9,458 units, up from 1,846 units. Volume gain stood at over 7.5k units. MoM exports fell from 20,642 units. Splendor exports are up at 7,684 units from 6,631 units. MoM export is up from 4,030 units at volume gain of 3,654 units. HF Deluxe exports more than doubled at 5,454 units, up from 2,444 units.MoM Glamour exports are up at 1.9k units from 1.2k units. MoM exports fell from 2,772 units to a 31.31 percent decline. Passion export volume stood at 1,904 units, up from 630 units. Maestro exports fell to 342 units from 430 units. Export volume for Pleasure, Destini 125, Xpulse 200 and Xtreme 160/200 totaled to less than 250 units. More

Image – Unseen AutoWith easing of Covid restrictions and favourable announcements made in FY23 Union Budget, Hero MotoCorp expects sales to improve in coming monthsWorld’s largest two-wheeler manufacturer, Hero MotoCorp has reported sales of 3,58,254 units in February 2022. This is negative YoY growth, as compared to 5,05,467 units in the corresponding period last year. YTD FY22 numbers are at 44,93,996 units. It is negative growth, as compared to 52,14,581 units in YTD FY21.Hero MotoCorp Sales Feb 2022In February 2022, Hero MotoCorp sold a total of 3,38,454 motorcycles. YoY growth is negative, as compared to 4,63,723 motorcycles sold in February last year. YTD numbers are 42,02,044 units for FY22 and 48,08,849 units for FY21. Motorcycles on sale from Hero include the likes of Glamour, Splendor, Passion, HF Deluxe, Xpulse, Xtreme, etcScooter sales are also negative in February 2022. As compared to 41,744 scooters in February last year, sales were at 19,800 units in February 2022. YTD numbers are 2,91,952 units for FY22 and 4,05,732 units for FY21. Scooters on offer from Hero are Pleasure, Maestro, Destini, etc.In overall volumes, share of domestic sales was 3,31,462 units in February 2022. YoY growth is negative, as compared to 4,84,433 units sold in the corresponding period last year. YTD numbers are 42,27,762 units in February 2022, as compared to 50,55,590 units in FY21.Hero MotoCorp Sales Feb 2022Hero MotoCorp exports in February have registered positive YoY growth. A total of 26,792 units were exported in February 2022, as compared to 21,034 units in February last year. YTD numbers are 2,66,234 units in FY22, as compared to 1,58,991 units in FY21.Hero MotoCorp ongoing initiativesWhile it continues to dominate petrol-powered two-wheeler segment, Hero MotoCorp has started working proactively in EV space as well. It is apparent that the company wants to achieve a leading position in EV space as well. Hero MotoCorp has yet to launch its first EV, but that could change soon.The company is currently focusing on developing two-wheeler charging infrastructure across the country. It has tied up with Bharat Petroleum Corporation Limited (BPCL) to set up charging stations for two-wheelers. These will cater to all EV brands and will not be limited to upcoming Hero MotoCorp EVs. The company believes that such infrastructure is urgently needed to achieve the shift to an all-electric ecosystem.Plan is to setup an extensive network of charging stations totalling around 7,000. BPCL is in the process of upgrading its existing retail outlets to support both EV charging as well as petrol/diesel refuelling. Such a vast network will be crucial, considering that the majority of the population relies on two-wheelers.With an eye on emerging opportunities, Hero MotoCorp has introduced changes to its organizational structure. Functions like marketing, sales, after-sales and parts business have been integrated into a single unit. Ranjivjit Singh will be heading this new unit in the position of Chief Growth Officer. He was earlier in charge of marketing at Hero MotoCorp.In other updates, Hero MotoCorp has been lending a helping hand to those impacted by Covid-19. The company has come out in support of orphaned children and women who have lost their spouses to Covid-19. Hero MotoCorp is currently supporting around 500 families that have been impacted by Covid. More

Image – YMN VlogsHero MotoCorp Splendor was the best-selling bike in the company lineup for domestic market while the Hunk found more buyers in export marketsHero MotoCorp has reported a de-growth in domestic sales in the past month. Sales which had stood at 4,67,753 units in January 2021 dipped 23.33 percent to 3,58,607 units in January 2022. MoM sales also fell 4.22 percent from 3,74,415 units sold in December 2021.Hero Sales Breakup Jan 2022Hero Splendor topped sales lists last month. It saw sales of 2,08,263 units in January 2022, down 7.60 percent over 2,25,382 units sold in January 2021. Splendor commands a 58.08 percent share in the company lineup. This was against 60.56 percent share held in December 2021 when sales stood at 2,26,759 units.Hero Splendor was the best-selling motorcycle in January 2022. At No. 2 was Hero HF Deluxe with sales of 85,926 units, down 36.29 percent over 1,34,860 units sold in January 2021. MoM sales increased by 3.43 percent from 83,080 units sold in December 2021 causing share percent to go up from 22.19 to 23.96 percent.Hero Glamour sales increased on a YoY basis by 7.90 percent to 24,472 units, up from 22,681 units sold in January 2021. This was a MoM de-growth of 22.54 percent over 31,595 units sold in December 2021. Share percentage dipped from 8.44 percent held in December 2021 to6.82 percent in the past month.Hero Sales Breakup Jan 2022Hero Pleasure (13,195 units) and Passion (11,759 units) also posted a YoY de-growth of 3.68 percent and 3.28 percent respectively while MoM sales increased 43.35 percent and 5.50 percent respectively.Hero Maestro sales dipped 10.10 percent YoY to 5,743 units while Xpluse 200 sales were at 3,132 units, up 78.97 percent over 1,750 units sold in January 2021. MoM sales of Maestro and Xpulse increased 5.58 percent and 23.55 percent over 5,425 units and 2,535 units respectively. Lower down the order it was Xtreme 160R and Destini 125 that experienced YoY and MoM growth to 3,067 units and 3,049 units respectively.Hero Exports Breakup Jan 2022Hero MotoCorp has seen its exports grow significantly over the past 2 months. Exports in December 2021 stood at 20,282 units relating to a 7.54 percent MoM growth. On a YoY basis, exports increased to 21,816 units, a 20.44 percent growth over exports of 18,113 units seen in January 2021.Hero Exports Breakup Jan 2022In global markets, it was the Hero Hunk that was most in demand. Its exports surged 579.57 percent YoY to 10,462 units and was the only model in the company lineup to see exports above the 10,000 unit mark. MoM sales also increased 19.94 percent over 8,873 units shipped in December 2021.At No. 2 was the Splendor though exports dipped 28.94 percent YoY to 4,030 units while MoM shipments increased 76.44 percent from 2,284 units sold in December 2021. Likewise, exports of the HF Deluxe (3,596 units), Glamour (2,772 units) and Maestro (312 units) also saw YoY and MoM growth along with the Pleasure scooter (274 units).Hero MotoCorp has seen exports of the Xpulse 200 dip significantly. It was down to just 132 units in the past month, 88.91 percent lower as compared to 1,190 units sold in January 2021. It was also a MoM de-growth of 54.64 percent over 291 units sold in December 2021. Destini 125 scooter exports were down to 58 units last month from 200 units shipped in January 2021 while 0 units were exported in December 2021. More

Image – Unseen AutoHero MotoCorp has opened online bookings for the second batch of XPulse 200 4-Valve, after the first lot was completely sold outAmidst the third wave of the pandemic, ongoing semiconductor shortage and staggered production operations, Hero MotoCorp has accelerated its global expansion plans. The two wheeler major has added impetus to markets across Central America and retail sales have been initiated from the new flagship store in San Salvador.In domestic markets, the company announced a price hike across range from January 2022. Prices have been increased upto Rs 2,000 and depends on model and variant.Hero MotoCorp Sales Jan 2022Hero MotoCorp has also released their sales report for January 2022. It may be seen from the attached table that total sales were down to 3,80,476 units in January 2022. This was against 4,85,889 units sold in January 2021. Total Year-to-Date (YTD) sales also fell substantially with 41,35,742 units sold in the April to January 2022 period as against 47,09,114 units sold in the same period of 2021.Taking motorcycle and scooter sales separately, motorcycle sales dipped to 3,57,845 units in the past month. This was significantly lower than 4,49,037 units sold in January 2021. YTD sales also fell to 38,63,590 in the 2022 period from 43,45,126 motorcycles sold in the April to January 2021 period. In the motorcycle segment, the company has models such as the Splendor, Passion, HF Deluxe, Glamour, Xtreme, Xpulse.Hero MotoCorp Sales Jan 2022Last month, Hero MotoCorp commenced online bookings for the second batch of their latest motorcycle XPulse 200 4 Valve. The first lot of bikes was completely sold out. The XPulse 200 4 Valve is priced at Rs 1,30,150 (ex-showroom Delhi) and bookings can be made at an advance payment of Rs 10,000.Scooter Sales January 2022Scooter sales also suffered a YoY de-growth to 22,631 units in the past month, down from 36,852 units sold in January 2021. YTD sales dipped to 2,72,152 in the 2022 period from 3,63,988 scooters sold in the same period of the previous year.This took total domestic sales to 3,58,660 units in January 2022, down from 4,67,776 units sold in January 2021. YTD sales also suffered a de-growth to 38,96,300units in the April to January 2022 period from 45,71,157 units sold in the same period of last year. Hero scooter range includes the likes of Pleasure, Destini, Maestro.Hero MotoCorp ExportsDespite de-growth in domestic markets, Hero MotoCorp has recorded growth in terms of exports. Two wheeler exports stood at 21,816 units in January 2022, up from 18,113 units sold in January 2021. YTD exports also increased substantially to 2,39,442 units, from 1,37,957 units sold in the same period last year.Last year, Hero MotoCorp indicated launch of a new e-scooter, which would hit the streets by March 2022. It was at the end of 2021 that Hero MotoCorp filed as many as six trademarks for ‘Vida’. Hero MotoCorp is likely to sell EVs under the Vida electric vehicle subsidiary.The electric vehicle project is in advanced stages and production will likely take place at the company plant in Chittoor, in Andhra Pradesh. Once launched, this upcoming e-scooter from Hero MotoCorp will compete with the likes of the Bajaj Chetak electric, Ather 450X and TVS iQube, etc. More