Over in the Indian market, Hero MotoCorp is one of the biggest motorcycle manufacturers in terms of sales volumes. In 2022 alone, the motorcycle giant sold more than five million motorcycles. On average, the company has been selling close to half-a-million motorbikes every month in India. More specifically, it sold 519,474 motorcycles in May, 2023, according to data from a Livemint report.
That being said, Hero, being the hero that it is, isn't immune to issues. On June 15, 2023, anonymous sources told Reuters that India's Ministry of Corporate Affairs has ordered an investigation be conducted on Hero MotoCorp. Specifically, this involves the brand's relationship with a third-party vendor, wherein there has been an alleged diversion of funds.
