Hero MotoCorp , India's leading two-wheeler manufacturer, has reported impressive sales figures for March 2025, signaling a robust end to the financial year 2024-25. The company's performance exceeded market expectations, showcasing its resilience and market leadership in the competitive two-wheeler segment.

March Sales Surge

Hero MotoCorp announced total sales of 549,604 units in March 2025, compared to 490,415 units in the same month last year. This represents a significant year-on-year growth of approximately 12%, surpassing market estimates of 503,000 units. The strong performance in March was driven by sales of both motorcycles and scooters, with motorcycles accounting for the lion's share at 506,641 units.

Financial Year 2025 Highlights

The March figures cap off a successful financial year for Hero MotoCorp. Here are the key highlights for FY'25:

• Total Sales: The company sold 5,899,187 units (5.9 million) during FY'25, maintaining its position as the world's largest manufacturer of motorcycles and scooters.
• Domestic Market: Hero MotoCorp sold 5,611,758 units in India, showing growth over the previous financial year.
• Global Business: The company's international sales reached 287,429 units, marking a robust 43% increase from 200,923 units sold in FY'24.
• Electric Vehicle Segment: VIDA, Hero MotoCorp's electric vehicle brand, dispatched over 58,000 electric scooters between April 2024 and March 2025, growing around 200% compared to FY'24.
• Premium Segment: The company sold more than 11,000 units of the Harley-Davidson X440 during FY'25, strengthening its position in the premium motorcycle segment.

Expanding Reach and Innovation

Hero MotoCorp has been actively expanding its market presence and product offerings:

• Established over 80 Premia dealerships across India, offering a premium retail experience for Hero, VIDA, and Harley-Davidson products.
• Expanded the Hero 2.0 network to 930 outlets.
• Launched new models including the Destini 125 scooter and commenced dispatches of the Xoom 125 scooter.
• Announced bookings for the highly anticipated Xpulse 210 and Xtreme 250R premium motorcycles.

Strategic Investments and Future Outlook

In a significant move towards diversification, Hero MotoCorp announced a strategic investment of up to ₹525 crores in Euler Motors Private Limited, marking its entry into the electric three-wheeler category. This investment aligns with the company's commitment to sustainable mobility solutions and expanding its footprint in the electric vehicle market.

Hero MotoCorp's strong performance in March and throughout FY'25 demonstrates its ability to navigate market challenges and capitalize on growing demand in both domestic and international markets. With a focus on innovation, expansion into new segments, and a robust product pipeline, the company appears well-positioned to maintain its market leadership in the coming years.

Hero MotoCorp , the world's largest manufacturer of motorcycles and scooters, has announced a significant move into the electric vehicle (EV) market. The company's board has approved a strategic investment of up to Rs 525 crore in Euler Motors Private Limited, a prominent player in the electric three-wheeler segment.

Strategic Expansion into Electric Three-Wheelers

The investment, to be made in one or more tranches, will give Hero MotoCorp approximately a 32.5% stake in Euler Motors on a fully diluted basis. This move marks Hero MotoCorp's entry into the rapidly growing electric three-wheeler market, where EVs are projected to account for 35% of total sales in the near future.

About Euler Motors

Euler Motors, incorporated in January 2015, has established a presence in over 30 cities across India. The company specializes in designing, manufacturing, selling, and servicing electric three-wheelers. Recently, Euler Motors expanded its portfolio by launching its first electric commercial four-wheeler.

Financial Performance of Euler Motors

Euler Motors has shown impressive growth over the past three years:

Hero MotoCorp's Vision

Dr. Pawan Munjal, Executive Chairman of Hero MotoCorp, stated, "Our strategic investment in Euler is a bold step towards realizing our vision to 'Be the Future of Mobility.' This investment reinforces our commitment to accelerated growth through both organic and inorganic expansion, while highlighting the power of collaboration and adaptability in an ever-evolving market."

Investment Details

The investment will consist of a mix of primary and secondary transactions. Hero MotoCorp will invest in Equity Shares and Series D Compulsory Convertible Preference Shares of Euler Motors. Additionally, the company may acquire shares from existing shareholders of Euler through secondary sales.

Timeline and Regulatory Approvals

Hero MotoCorp expects to complete the acquisition by April 30, 2025. The company has stated that no governmental or regulatory approvals are required for this strategic investment.

Implications for the EV Market

This move by Hero MotoCorp signifies a major shift in the Indian automotive landscape, as traditional two-wheeler manufacturers are increasingly diversifying into the electric vehicle segment. The investment in Euler Motors allows Hero MotoCorp to tap into the growing demand for electric three-wheelers and four-wheelers, potentially reshaping the future of urban mobility in India.

As the EV market continues to evolve, this strategic partnership between Hero MotoCorp and Euler Motors could play a crucial role in accelerating the adoption of electric vehicles in the commercial segment, contributing to sustainable transportation solutions in India's cities.