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Hero Scooter market share reaches 20% in October 2015

Chethan Thimmappa by Chethan Thimmappa
November 3, 2015
in Bikes, Hero
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Hero MotoCorp October Sales 2015
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Hero MotoCorp October Sales 2015

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Hero Scooter market share reaches 20% in October 2015

Hero MotoCorp Ltd, India’s and world’s largest two-wheeler manufacturer, today reported sales of 639,802 units in October – its highest ever sales in any month. This is a growth of 11.25% over the corresponding month last year when the company had sold 575,056 units.

Hero MotoCorp’s previous highest sales in any month was in October 2013 when it sold 625,420 units.

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With over 108,000 units of scooters sold in October, Hero MotoCorp crossed the landmark 1-lakh unit sales in scooters in a month. In the domestic market, Hero MotoCorp scooter sales grew by 74.6% in October this year over the corresponding month in 2014.

With this, the market share of Hero MotoCorp in the domestic scooter market has risen from 13% in September to almost 20% at the end of October.

The highlight of October has clearly been the overwhelming success of the company’s newly-expanded scooters range – Maestro, Pleasure, and the two newly-launched scooters – Maestro Edge & Duet. The success of the scooters, coupled with its over 52% share in motorcycles, Hero MotoCorp has further strengthened its overall leadership in the two-wheeler market.

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HMCL has been the only Indian two-wheeler manufacturer to ever exceed the landmark of 6-lakh plus monthly sales, that too on multiple occasions. The company has crossed this milestone on four previous occasions – September 2015 (606,744), September 2014 (604,052), May 2014 (602,481) and October 2013 (625,420).

Hero October 2015 Sales Highlights

  • Hero MotoCorp sells 639,802 units of two-wheelers in October, grows by 11.25%
  • The company crosses landmark 1 lakh unit sales in scooters in a month, grows by 74.6%
  • Hero reports 20% market share in scooters up from 13% in September
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Chethan Thimmappa

Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries.

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