Hero MotoCorp sells 5.77 lakh units of two-wheelers in March 2021, 72 pc more than March 2020

NE BUSINESS BUREAU

NEW DELHI, APR 2

World’s largest two-wheeler manufacturer Hero MotoCorp Ltd announced that it has sold 576,957 units of motorcycles and scooters in March 2021, registering a growth of 72% over the corresponding month in the previous year. The company had sold 334,647 units in March 2020, says a company release.

In March last year, sales were adversely impacted due to the impending transition to BSVI from April 2020, in addition to the nationwide lockdown towards the latter half of the month due to coronavirus pandemic, the release added.

Significantly, the Company registered its highest-ever sales in Global Business (GB) in a single month by clocking 32,617 units in the month of March, a growth of 82% over the corresponding month in 2020 when it had sold 17,962 units in its global markets.

Sanjay Bhan, Head – Global Business, Hero MotoCorp said, “Hero MotoCorp’s global business has been gaining traction and we are optimistic of maintaining the healthy growth trajectory across geographies in the coming months. The recovery in consumer demand and efficient collaboration with our global distributors has enabled us to achieve these numbers. While the coronavirus pandemic continues to impact the global auto industry, we are witnessing strong preference for the wide range of motorcycles and scooters – including the premium motorcycles Xpulse and Hunk 160R – across markets, especially in Latin America.”

In FY’21, the auto industry witnessed significant disruptions triggered by the Coronavirus pandemic, restricting customer movement. Despite these challenges, Hero MotoCorp sold 57,91,539 units of two-wheelers in the fiscal year (April 2020-March 2021).

Naveen Chauhan, Head – Sales and After-Sales, Hero MotoCorp said, “The financial year 2020-21 for us has been a period of sharp revival and setting new milestones, despite the backdrop of a significant downturn in the automotive market. During the fiscal, we surpassed the monumental milestone of 100 million units in cumulative sales since our inception. We are currently offering the broadest-ever range of scooters and motorcycles, each with its own distinctive personality that resonates with our customers. In keeping with our vision to ‘Be the Future of Mobility’, Hero MotoCorp will be launching a host of new motorcycles and scooters over the next five years.”