Hero MotoCorp

Hero MotoCorp suffered a de-growth in domestic sales by 23.62 percent while exports increased 5.44 percent on a YoY basisImage – Patna BikesHero MotoCorp, the world’s largest two wheeler manufacturer saw its domestic sales dip in the past month. Every model in the company lineup suffered a de-growth except for the Xpulse 200. Total domestic sales in the past month stood at 4,15,726 units, down 23.62 percent from 5,44,320 units sold in March 2021. MoM sales performed better relating to a 25.44 percent growth over 3,31,421 units sold in February 2022.Hero Domestic Sales Breakup March 2022Hero Splendor was the best selling model in the company lineup in the past month. Sales stood at 2,48,577 units, down 11.25 percent over 2,80,090 units sold in March 2021. The Splendor commands a 59.79 percent share up from 58.45 percent held in February 2022 when sales stood at 1,93,731 units. Hero Splendor was also the best selling motorcycle in India in FY2022 with sales of 26,65,386 units, up 8.30 percent over 24,61,172 units sold in FY 2021.Hero HF Deluxe sales at No.2 saw a 30.65 percent YoY de-growth to 1,00,216 units down from 1,44,505 units sold in March 2021. It was a MoM growth of 31.99 percent as against 75,927 units sold in February 2022 with share percentage increasing from 22.91 percent to 24.11 percent during the said months. These were the only two bikes in the company lineup to post sales above the 1 lakh unit mark.Next in line was the Glamour with 4.12 percent YoY de-growth to 31,037 units, down from 32,371 units sold in March 2021. MoM sales improved 13.25 percent over 27,406 units sold in February 2021. Domestic sales of Pleasure (15,498 units), Passion (6,751 units) and Maestro (4,938 units) also suffered a YoY de-growth while MoM sales improved for all except the Passion that also took a 6.18 percent dip in MoM sales from 7,196 units sold in February 2022.Hero Domestic Sales March 2022Hero XPulse domestic sales increased 83.62 percent to 4,563 units in the past month, up from 2,485 units sold in March 2021 while MoM sales improved 6.86 percent from 4,270 units sold in February 2022. Destini 125 (2,825 units) and Xtreme 160R (1,321 units) also saw a YoY dip in demand.Hero MotoCorp has also announced a hike in prices of its scooter range from April 2022. The company currently offers 4 scooters – Pleasure Plus, Maestro Edge 110, Maestro Edge 125 and Destini 125 and prices have been increased by Rs 2,000 depending on variant. Hero has not increased prices of the Xtec lineup of Destini 125 as the scooter was has only been recently launched.Hero Exports – Hunk, Splendor, HF DeluxeTotal exports in the past month stood at 34,390 units, up 5.44 percent over 32,617 units sold in March 2021. MoM exports improved 28.36 percent from 26,792 units shipped in February 2022. Hero Hunk was most in demand in global markets. Exports increased 317.14 percent YoY to 11,267 units, up from 2,701 units sold in March 2021. Currently holding a 32.76 percent share, MoM exports increased 19.13 percent from 9,458 units sold in February 2022.Hero Exports March 2022Hero Splendor also posted a YoY and MoM surge in exports to 8,913 units while HF Deluxe suffered a YoY dip by 16.73 percent to 7,570 units, down from 9,091 units sold in March 2021. MoM shipments increased 38.80 percent from 5,454 units sold in February 2022.Hero Glamour saw YoY and MoM increase in exports to 3,272 units while Xpluse 200 exports dipped 41.64 percent to 1,386 units. MoM exports of the XPulse 200 surged 3365 percent from just 40 units shipped in February 2022. The export list also included Hero Passion (810 units), Maestro (724 units), Destini 125 (328 units) and Pleasure (120 units). More

EV exports will play a crucial role in helping Hero MotoCorp achieve its ambitious global sales targetImage for referenceWhile the likes of Bajaj and TVS currently dominate export markets, Hero MotoCorp is stepping up focus in this space. The company already has a presence across Latin America, Africa and Asian countries like Nepal and Bangladesh. Hero MotorCorp EVs can be introduced at these locations and newer geographics like Europe as well.EVs to boost overseas businessAccording to Hero MotoCorp, its upcoming EVs will power the next phase of growth in overseas markets. Mature markets like Europe will be among the ones that will be targeted. There’s greater awareness about climate change at these locations and growing preference for EVs. Setting up charging and battery swapping infrastructure will also be more convenient in European countries.By 2025, Hero MotoCorp has plans to generate 15% of its overall sales from overseas markets. The strategy seems similar to Bajaj and TVS, which have been able to establish themselves as global two-wheeler brands.Export numbers of FY22 have been encouraging for Hero, as growth has zoomed to 57%. As compared to sales of 191,609 units in global markets in FY21, the numbers were at 300,624 units in FY22. This is the highest ever overseas sales numbers for the company.Hero MotoCorp First electric scooter under brand VIDAOne of the effective strategies Hero has deployed in overseas markets is to launch products that specifically suit local needs and preferences. For example, there’s Hunter 100 for Nigeria and Hunk 150 for the Middle East. Similarly, Hunk 200 has emerged as a popular choice in Latin American countries. There are also bikes such as Xpulse 200 and Xtreme 160R that have emerged as bestsellers across multiple geographies.Battery swapping infra pushHero MotoCorp will be launching its EVs under Vida brand. First Vida EV, which will be an electric scooter, is planned to be unveiled on July 1, 2022. The event marks the birth anniversary of the late Brijmohan Lall Munjal, the original founder of Hero MotoCorp. Vida electric scooter will be manufactured at the company’s production unit in Chittoor, Andhra Pradesh. Deliveries are expected to commence later in the year.Aiming to offer something truly unique, Hero MotoCorp will be replicating the Taiwan model in India. EVs with swappable batteries are the most preferred in Taiwan and much of the business is owned and operated by Gogoro. Hero has forged an alliance with Gogoro to develop similar battery swapping infrastructure in India. This collaboration is likely to be utilized for global markets as well.Gogoro has also played a role in the development of the Vida electric scooter. Much of the work has been carried out at Hero’s in-house R&D centres. Inputs have been sourced from Ather Energy as well. Hero MotoCorp has consistently increased its shareholding in Ather and currently holds 34.8% stake. However, there doesn’t seem to be any plans for a merger. Ather will continue on its journey as a separate EV brand. More

Prices of scooters from Hero MotoCorp have been increased by up to Rs 2,000 depending on variantNew Hero Pleasure Plus XTECHero MotoCorp is the latest auto brand to increase prices of its models. The company currently offers four scooters under its portfolio namely Pleasure Plus, Maestro Edge 110, Maestro Edge 125 and Destini 125. Prices of almost all variants have been increased this month.Hero Scooter Prices April 2022Hero Pleasure Plus has received a price hike of up to Rs 1,450, Destini is now dearer by up to Rs 1,550. On the other hand, Maestro Edge has received a price hike of Rs 1,250 for its 110cc version and Rs 2,000 for its 125cc guise. Price increments of all models are marginal and should not drastically change buying decisions for prospective consumers.Pleasure Plus is now available at a starting price of Rs 63,520 and goes up to Rs 72,870 for the top-spec XTec Drum Jubilant Yellow variant. Prices of Hero Destini 125 start at Rs 71,500 and go up to Rs 76,900 for the top-spec VX Platinum variant.Xtec lineup of Destini 125 has not witnessed any price update since the scooter was launched only a couple of weeks earlier. Hero recently launched the feature-packed Xtec variant of the Destini 125, priced at Rs 79,990.Hero Scooter Prices April 2022Coming to Maestro Edge, the 110cc version of the sporty-looking scooter is priced at Rs 66,820 for the drum brake variant and Rs 72,870 for the disc brake variant after the latest price update. Whereas the 125cc iteration of Maestro Edge is now priced between Rs 75,450 and Rs 84,320. All prices mentioned above are ex-showroom. No other updates have been reported on any of these four scooters.Hero Scooters SpecsPleasure Plus and Maestro Edge 110 are powered by the same 110.9cc single-cylinder, air-cooled engine that produces 8 bhp at 7,500rpm and a peak torque 8.75 Nm at 5,500rpm. On the other hand, Destini and Maestro Edge 125 are powered by a 124cc single-cylinder, air-cooled engine that churns out 8.7 bhp and 10.2 Nm of torque. All scooters are available with a CVT automatic gearbox.All scooters from Hero MotoCorp are offered with a drum brake as standard on both wheels that are aided by combined braking system (CBS). Out of the four models mentioned above, all barring Pleasure Plus are offered with an optional front disc brake.Hero will soon mark its entry into the electric mobility space with its upcoming electric scooter under its new subsidiary brand called Vida. This new Hero electric scooter will rival the likes of Bajaj Chetak, TVS iQube, etc. More

Honda ended the past month with sales of 3,21,343 units relating to a 21.82 percent YoY de-growthImage – Auto Travel TechTwo wheeler sales have not been particularly noteworthy over the past few months. Rising fuel prices have resulted in more demand for electric vehicles while the work from home or hybrid work culture continues even as the pandemic abates.Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) has posted a YoY de-growth both in terms of domestic sales and exports. MoM sales however, ended more positively though the company has also reported significant de-growth in Q1 2022 sales.Honda 2W Sales March 2022Honda’s domestic sales in March 2022 stood at 3,09,549 units. This was a YoY de-growth of 21.64 percent over 3,95,037 units sold in March 2021. Exports on the other hand dipped 26.29 percent to 11,794 units down from 16,000 units shipped in March 2021. Total sales that included domestic + export stood at 3,21,343 units during the past month. This was a 21.82 percent de-growth to 3,21,343 units as compared to 4,11,037 units sold in March 2021.MoM sales also dipped 2.79 percent from 3,12,621 units sold in February 2022. Domestic sales increased 8.36 percent to 3,09,549 units from 2,85,677 units sold in February 2022 with a share percentage of 91.38 percent. This increased to 96.33 percent in March 2022.Honda Two Wheeler Sales Mar 2022Honda experienced a substantial MoM fall in exports by 56.23 percent from 26,944 units shipped in February 2022. Even as the Honda Activa sells well in the Indian market, Honda’s most exported scooter remains the sporty Dio. Honda Q1 2022 vs Q1 2021 SalesTaking into account Q1 2022 sales, Honda sold 9,88,173 units during the said period. This was a 23.45 de-growth over 12,90,916 units sold in the same Q1 period of 2021. Domestic sales dipped 25.58 percent to 9,10,422 units in Q1 2022 as against 12,23,331 units sold in Q1 2021 commanding a share percentage of 92.13. Exports on the other hand increased 15.04 percent to 77,751 units in Q1 2022 from 67,585 units sold in Q1 2021 with share percentage at 7.87.Honda recently hit the 30 lakh two wheeler export milestone in 21 years. Honda Navi, which has been recently launched, failed to find much demand in Indian markets but has been a topmost export for Honda over the past few months. Exports are conducted to over 29 global markets where along with the Navi, the Dio, X-Blade, Dream, CB Shine, Hornet, Unicorn, Activa and CB350 Hness see good demand.Honda Two Wheeler now plans to launch a range of new scooters and motorcycles in India, to boost sales. They will also be bringing in electric scooters considering its increased demand. Last month, they filed design patents for 3 new scooters, images of which have appeared online while Honda has also filed a trademark for CBR150R in India. Honda 2W continues to strengthen and expand its BigWing Networks which has touched 100 points across the country while the company’s Service on Wheels continues to offer quality service at customer’s doorstep. More

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