Hero MotoCorp share price falls over 3% after December sales drop 17.5%
Hero MotoCorp share price dropped over 3% in early trade on Friday after the company reported a sharp fall in December sales. Hero MotoCorp shares declined as much as 3.5% to ₹4,159.90 apiece on the BSE.
Hero MotoCorp, the largest two-wheeler manufacturer in the world, reported a 17.5% fall in its December 2024 sales at 324,906 units as against 393,952 units in the same month a year-ago.
The company’s domestic sales in December 2024 plunged 22.1% to 294,152 units from 377,842 units, year-on-year (YoY), while exports jumped 90.9% to 30,754 units from 16,110 units, YoY.
For the full year 2024, Hero MotoCorp recorded a 7.5% growth in volumes as it sold 59,11,065 vehicles as compared to 54,99,524 two-wheelers sold in 2023.
In December,…
