Hero MotoCorp announced on May 8 that it will introduce the Xoom 125 cc and Xoom 160 cc scooters ahead of this year’s festive season. The management said that it is ready to expand its scooter lineup by releasing the Xoom 125 cc and Xoom 160 cc during the first half of the fiscal year.
The 2-wheeler major also said that the last fiscal year 2023-24 was marked by introduction of new products and improvement in the network, which benefited the company and set the foundation for accelerated growth in the future.
The company witnessed an increase in sales, with 13.92 lakh units sold in Q4 FY24, up from 12.70 lakh units in Q4 FY23. The total volume for FY24 was 56.21 lakh units, higher than 53.29 lakh units in FY23.
Hero MotoCorp reported sales of 533,585 motorcycles and scooters in April 2024, marking an impressive increase of 35 percent compared to April 2023, when it sold 396,000 units.
Also read: Hero MotoCorp seeks market share gains in FY25 riding on premium bikes, 125 cc models
The company expects new bikes in the premium segment, namely Maverick 440, Harley Davidson X440, and Karizma to perform well. Further, the 125 cc segment, which includes Xtreme 125R, Splendor, and Glamour, is witnessing an impressive response, it added.
The launch of the Xoom 125 cc and Xoom 160 cc scooters is timed ahead of the festival season, which commences from October, with Vijayadashami on October 12, 2024, and Diwali on November 1, 2024.
During FY24, Hero MotoCorp unveiled six new products in the premium motorcycle segment, including the Xtreme 125R, Xtreme 200S, Xtreme 160R 4V, Harley-Davidson X440, Karizma XMR, and the Mavrick 440.
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