Last month in August, the two-wheeler Hero MotoCorp company’s total sales rose 1.92 per cent to 462,608 units compared to 453,879 units sold in August of FY22. Total domestic sales of the company stood at 450,740 units (up 4.55 per cent). Total units sold by the company were 430,799 units of motorcycles (up 2.42% YoY) and 31,809 units of scooters (down 4.39% YoY).

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India’s largest motorcycles and scooters company, Hero MotoCorp, recorded a 71 per cent rise in standalone net profit to Rs 625 crore in the first quarter of FY23 from Rs 365 crore in the first quarter of FY22. Revenue from operations stood at Rs 8,393 crore Q1FY23, a growth of 53 per cent over the corresponding quarter in the previous financial year. On the Bombay Stock Exchange (BSE), the shares of Hero MotoCorp fell 0.57 per cent to Rs 2,859.05.