Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters has announced its financial results for Q4 FY2024 and for FY2024. 

The company reported revenue of INR 9,519, up 15 percent as compared to INR Rs 8,307 crore for the same period last year. The uptick was driven by a rich product mix, lower commodity costs, higher savings, and judicious price increases. The net profit came at INR 1,016 crore, up 18 percent, compared to INR 859 crore last year.

In terms of performance for FY2024, the revenue came at INR 37,456 crore, up 11 percent, and net profit of INR 3,968 crore, up 36 percent YoY respectively. Hero MotoCorp sold 56.21 lakh motorcycles and scooters as compared to 53.29 lakh two-wheelers last year. 

Niranjan Gupta, CEO, Hero MotoCorp said, “FY2024 has been a remarkable period for Hero MotoCorp. During the year, our focus on product launches, network upgrade and customer satisfaction drove us to new heights. From the highest number of product launches to the expansion of new format retail outlets and upgrade at super speed, to a digital‐first approach in premium, we set the building blocks in place for accelerated growth in future. Our fiscal prudence and strategic actions ensured that our financial performance has been robust, resulting in highest ever annual revenue and profits.”

“Moving forward, we expect the macro‐economic factors to aid the industry’s growth. With commodity prices remaining stable, expectations of normal monsoons, and government spending expected to increase, we see multiple tailwinds for the sector over the upcoming quarters. We will be driving market share gains on the back of our launches in premium and125 cc segment done in FY2024.”

“Further, we are going to boost scooter portfolio by launching Xoom 125cc and Xoom 160cc in first half of the fiscal. Coming year will see us taking big strides in EV, through product launches in mid and affordable segment. Overall, we see a very positive outlook for upcoming years,” he concluded.

During the year, Hero MotoCorp expanded its offering in the premium segment with the launch of six new products – Xtreme 125R, Xtreme 200S, Xtreme 160R 4V, Harley-Davidson X440, Karizma XMR and the Mavrick 440

It also upgraded its retail network with new-age Premia outlets and the launch of over 400 Hero 2.0 stores. In keeping with its aggressive product strategy, the company also unveiled its exciting future roadmap at the EICMA Motor Show in Milan and at its own bi-annual event Hero World. The company showcased the world's first class-convertible vehicle - Surge S32, path-breaking EV concepts - Lynx and Acro – flex-fuel options for popular motorcycle models and its upcoming range of scooters - Xoom (125 & 160), new VIDA V1 and V1 Coupe. 

Furthermore, it expanded VIDA network, to over 100 cities in the country and along with Ather Energy has also expanded the charging network to over 2,000 charging points in over 100 cities. 

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Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, announced that it dispatched 553,963 motorcycles and scooters during June 2025, which was 10 percent higher than the 503,448 units it sold last year.

In terms of retail, the company shared that it achieved 394,000 units sales across urban and rural markets in the country, which will be further augmented by the onset of monsoon across parts of the country and a positive economic outlook.

What’s more, the company recently introduced a new model and Battery-as-a-Service offering under the Vida VX2, which further expands the company's EV offerings. Last month, the company’s electric vehicle brand Vida dispatched 7,178 units and recorded 7,665 registrations in the country.

Furthermore, Hero MotoCorp and Harley-Davidson have also announced the 2025 model year line-up and pricing for Harley-Davidson motorcycles in India. The range introduced the new CVO Street Glide and CVO Road Glide limited-edition models. The Harley-Davidson range starts at INR 239,000 for the H-D X440 in India and goes up to INR 4.23 million for the Road Glide.

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Suzuki Motorcycle India reported sales of 95,244 units in June, which represents an 8 percent YoY growth, as compared to 88,287 units sold last year.

In the domestic market, the sales grew by 4 percent at 73,934 units, while exports grew by 24 percent at 21,310 units.

Deepak Mutreja, Vice-President – Sales & Marketing, Suzuki Motorcycle India, said, “We remain optimistic as our growth continues across both domestic and international markets. Our continued focus on delivering superior riding experience and customer centric approach is driving this performance. We will continue to offer greater value to our customers as we strengthen our presence across markets and gear up for the months ahead.”

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has reported its strongest-ever quarterly sales performance in Q1 of FY2026, hitting a record 1.27 million units. This robust growth was underpinned by significant increases across both two-wheeler and three-wheeler segments, alongside a substantial boost in international business.

For June 2025, the company reported sales of 402,001 units, a 20 percent jump compared to 333,646 units sold in June 2024. Two-wheeler sales accounted for 385,698 units, up 20 percent YoY as compared to 322,168 units last year. Of this domestic market sales grew by 10 percent YoY at 281,012 units.

On the other hand, while demand for TVS iQube remains strong, the company reported sales of 14,400 units sold, a slight decrease from 15,859 units last year. This dip it attributed to the ongoing disruptions in the EV supply chain, particularly concerning the availability of magnets, which continues to pose short to medium-term challenges.

On the exports front, the company shipped 117,145 units last month, which was 54 percent higher as compared to 76,074 units in June 2024. Two-wheeler exports were particularly strong, growing by 58 percent to 104,686 units from 66,434 units in the previous year.

During the first quarter, two-wheeler sales grew 17 percent, with sales rising from 1.05 million units to 1.23 million units in Q1 FY2026.

Three-wheelers experienced 46 percent increase, with sales climbing from around 31,000 units in Q1 FY25 to about 45,000 units in the current quarter.

Total exports for the quarter grew by 39 percent, reaching 352,000 units compared to 254,000 units in the first quarter of FY2025.

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Chennai-headquartered mid-sized motorcycle specialists Royal Enfield has announced its monthly sales performance with 89,540 units sold in June 2025, up 22 percent from the same month last year.

This includes 76,957 units in the domestic market, up 16 percent YoY and 12,583 units in exports, up 79 percent YoY.

Looking at Q1 FY2026 performance, the motorcycle maker reported a healthy 12 percent growth in domestic sales at 228,779 units, as against 204,686 units sold last year. The exports also grew by 65 percent at 36,749 units, as against 22,221 units sold last year.

B Govindarajan, Managing Director, Eicher Motors, and Chief Executive Officer, Royal Enfield, said, “We saw strong double-digit growth in June, reflecting the steady momentum we have built across markets. Our motorcycles continued to perform well not just in India but in several key global markets, driven by a growing community of riders who resonate with our brand and purpose. We are confident of the growth momentum and are looking forward to building on this growth with a sharp focus on innovation, quality, and delivering a pure motorcycling experience.”

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