Hero MotoCorp stock slides after automakers December 2023 vehicle sales slip
The stock of Hero MotoCorp was trading lower by 2.03 per cent, or Rs 83.00, at Rs 4005.80 on Wednesday after the company reported below Zee Business research estimate numbers in auto sales on Tuesday.
Hero MotoCorp Share Price: Hero MotoCorp shares were off colour in morning deals on BSE on Wednesday (December 3, 2023) after the automaker's sales for the December month declined Year-on-Year (YoY).
The stock of Hero MotoCorp was trading lower by 2.03 per cent, or Rs 83.00, at Rs 4005.80 on Wednesday after the company reported below Zee Business research numbers in auto sales on Tuesday.
HeroMotoCorp Auto Sales
In an update on Tuesday, Hero MotoCorp said that its auto sales for December 2023 was 393952, lower than 394179 reported in the same month in 2022. Zee Business research had estimated the sales of 438240 for the company in December.
The company's sales for motorcycles in December 2023 declined from 356749 to 354698, while its sales for scooter in the same period jumped from 37430 to 39294.
Partnership with Ather Energy
On Tuesday, Hero MotoCorp also announced its partnership with Ather Energy for an interoperable fastcharging network across India.
Through this collaboration, EV users will be able to seamlessly use both VIDA and Ather grids across the country.
The combined network will cover 100 cities with over 1900 fast-charging points.
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