Hero MotoCorp (HMCL), the leading two-wheeler manufacturer in India, has registered a 1.45% increase in total sales at 5,05,467 units in February.
The company had sold 4,98,242 units in the same month of the previous year.
The growth in sales – despite the ongoing challenges on account of supply chain issues that the industry is facing – has been possible due to the state of preparedness and quick countermeasures taken by the company.
Total motorcycle sales stood at 4,63,723 units in February 2021 as against 4,79,310 units in February 2020, down 3.25%.
Total scooter sales, however, increased over two-fold to 41,744 units as compared with 18,932 units in the year-ago month.In the domestic segment, sales rose marginally to 4,84,433 units last month as compared with 4,80,196 units in the same period a year ago.
Exports last month stood at 21,034 units as compared with 18,046 units in the year-ago period.
Hero MotoCorp remains optimistic about growth in the coming months, as a credible recovery in the Indian economy and a positive momentum towards personal mobility is likely to further strengthen the demand for two-wheelers.
With the vaccination drive also gaining pace across the country, the company expects a swift recovery for businesses and the economy in the coming months.
Hero MotoCorp, has set up a separate vertical to drive its new business of Harley-Davidson products and merchandise distribution in India.
Global automotive expert Ravi Avalur has been appointed as the Business Unit Head of the new vertical. Ravi will report to Pawan Munjal, Chairman & CEO, Hero MotoCorp.
The Company has also commenced wholesale dispatches of Harley Davidson products to the dealers from January 18. Hero MotoCorp has on-boarded 11 existing Harley-Davidson dealers in key geographies across the country.
XPulse 200 – the adventure motorcycle from Hero MotoCorp, crossed the landmark 10,000 sales mark in Kerala, thus strongly establishing the company’s modern premium brand appeal.
Shares of the company gained Rs 46.5, or 1.36%, to settle at Rs 3,462.15. The total volume of shares traded was 84,268 at the BSE (Friday).