Chennai: The month of September 2022 saw Honda Motorcycle and Scooter India overtake the world’s largest two-wheeler manufacturer Hero Motocorp Ltd in terms of retail sales.
Last month, more than 2.85 lakh two-wheelers rolled out by Honda Motorcycle and Scooter were registered across the country against more than 2.51 lakh two-wheelers from Hero Motocorp, according to the Indian government’s Vahan portal.
This is the first time Honda Motorcycle and Scooter Hero has promoted Motocorp in retail.
Hero MotoCorp said on Saturday it had shipped 519,980 units of motorcycles and scooters for sale in the month of September 2022.
It also said it is ready to launch its first electric vehicle, VIDA, on October 7.
Hero MotoCorp is finalizing a partnership agreement with Zero Motorcycles, the California-based manufacturer of premium electric motorcycles and powertrains. The cooperation will focus on the joint development of electric motorcycles.
The company’s board of directors also approved an equity investment of up to $60 million in Zero Motorcycles.
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