Whereas in July 2021, the company sold a total of 4,54,398 units. Talking about the sales of Hero MotoCorp in the domestic market, there was a marginal increase in comparison to last year and the company sold 4,30,684 units, while exports fell by 41 percent to 14,896 units as compared to July 2021.
During the period under review, the company has sold 4,21,288 units of motorcycles, a decrease of 1 percent on a year-on-year basis, while on the other hand, the company has sold 24,292 units of scooters as compared to July last year. There has been a decline of 20 per cent on an on-year basis.
Giving information about its sales, Hero MotoCorp said that with normal monsoon in most parts of the country and the coming festive season, agricultural production is expected to remain positive and help pick up the momentum further. Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.
The two-wheeler major’s standalone net profit declined by 27.51 per cent to Rs 627.05 crore, following a 14.55 per cent decline in net sales to Rs 7,421.73 crore in Quar-4 March 2022 from Quarter-4 March 2022. Let us tell you that recently Hero MotoCorp launched the Xtreme 160R bike with an update.
The new Hero Xtreme 160R has been launched at a price of Rs 1,17,148 (ex-showroom). A new gear position indicator has been given in the dashboard of the new Hero Xtreme 160R. Apart from this, a new design seat and grab rail has also been given in the bike. Everything else remains unchanged in the new Xtreme 160R.
This bike has been given a single-pod headlight, muscular design, side-slung exhaust and black alloy wheels. Hero MotoCorp offers this bike in three variants – Single Disc, Dual Disc and Stealth Edition. All the variants share the same design, mechanical specifications and hardware pack.
The bike uses a 163cc single-cylinder, air-cooled engine that produces 15bhp at 8,500rpm and 14Nm of peak torque at 6,500rpm. The engine of the bike is mated to a 5-speed gearbox. The motorcycle rides on 17-inch wheels with 100/80 and 130/70 section front and rear tyres, respectively.