However, on year-on-year basis, the sales for the reporting month, has declined by 7.7 per cent from 706,365 units in May 2018.
The country's largest two-wheeler maker said it had surpassed the six lakh units-mark in monthly sales for the first time since February 2019 when it had sold 617,215 units of motorcycles and scooters.
Last month, HMCL launched three new motorcycles -- XPulse 200, XPulse 200T and Xtreme 200S. Apart from these, it had also launched two scooters -- Maestro Edge 125 and Pleasure+ 110.
"The bookings for most of these new products have already commenced at Hero MotoCorp
dealerships across the country," the statement said.
The management remains optimistic about long-term two-wheeler demand scenario and expects HMCL to be the key beneficiary of the same. The management has six focus areas for HMCL to accelerate growth – continuously growing in Entry/Deluxe segments, building on premium motorcycle portfolio, increasing its scooter market share, scaling up international business, nurturing emerging segments like EVs and leading sustainably.
Analysts at Prabhudas Lilladher expect near-term growth challenges, however, normal monsoons and pre-buying ahead of BS VI are expected to boost demand from festival season.