Hero MotoCorp stock rises over 2% after 19% jump in February sales figures

Hero MotoCorp Share Price: Hero MotoCorp jumped over two per cent in morning deals in a special session on BSE on Saturday (March 2, 2024) after the automaker's February sales soared by 19 per cent to 4.68 lakh units Year-on-Year (YoY). 

The stock of Hero MotoCorp ended the trading session on Saturday higher by 1.52 per cent, or Rs 68.50, at Rs 4572.90.  

The stock began the trading session on Saturday at Rs 4590.95 to jump to the day's high of Rs 4598.30, a 2.08 per cent jump from Friday's close of Rs 4504.40.

Hero MotoCorp Feb Sales Figures

Among other sales figures, Hero MotoCorp's total exports increased by 90.67 per cent to 23,153 units YoY.

Its motorcycle sales were up by 17.50 per cent to 4.37 lakh units YoY.

The scooter sales were up by 39.26 per cent to 31,481 units YoY.

Its total domestic sales were up by 16.46 per cent to 4.45 lakh units (YoY).

The company said that the increase in February volume reflects an improvement in consumer sentiment.

The company expects the positive trend to continue in the coming months.

It said that strong demand is expected due to favourable economic signals.

The company's Mavrick 440's deliveries will start from April.

It said that it is working on increasing the volume of the Harley-Davidson X440 and the Mavrick 440, and the first phase of work will be completed in the middle of this year.