Hero MotoCorp Vs Royal Enfield: Which Brand Sold More Two-wheelers Last Fiscal

Hero MotoCorp registered a growth of 16 percent in its global business sales during this financial year while Royal Enfield reported a growth of 9 percent during the same time.
Hero vs RE Times Drive

During the year Hero MotoCorp added 6 new models to its premium motorcycle segment

The Indian market for two-wheelers is massive and highly competitive, with manufacturers vying for the attention of consumers. Hero MotoCorp and Royal Enfield are two of the major players in this industry, both having ended the most recent financial year on a positive note, with sales growth. Here are the details of their sales in the financial year 2023-2024.

Hero MotoCorp Sales

Hero Motocorp closed FY 24 with sales of 56,21,455 units of motorcycles and scooters. This translates to a growth of 5.49 percent when compared to the 53,28,546 units sold in FY23. Meanwhile, the brand registered a growth of 16 percent in its global business sales during this fiscal year. At the same time, there was a growth of 10 percent in the fourth quarter (Jan-Mar 24) of FY24. The two-wheeler manufacturer sold 490,415 units of the two-wheeler in March 2024 which is a decrease of 5.57 percent.
The brand managed to achieve these numbers because of significant changes in its product lineup and expansion in multiple global markets. For instance, Hero MotoCorp added six new products to its premium motorcycle lineup. This includes Mavrick 440, Karizma XMR, Xtremer 160R 4V, Harley Davidson X440, Xtreme 200S, and Xtreme 125R. Expanding its presence globally, the brand announced plans to begin operations in Europe in FY25.

Royal Enfield Sales

Royal Enfield ended FY23-24 on a high note with sales of 9,12,732 motorcycles which is a growth of 9 percent when compared to the same period in the previous year. Furthermore, the brand also reported a growth of 14 percent in the domestic market over the previous financial year. The financial year ended with the sales of 75,551 units in March 2024. This translates to a growth of 5 percent when compared to 72,235 units sold during the same time in the previous year.
Royal Enfield currently has a diverse portfolio of motorcycles including the Hunter 350, Meteor 350, Super Meteor 650,Interceptor 650, Continental GT 650, Shotgun 650, Himalayan 450, Scram 411, Bullet 350, and Classic 350.
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