NE BUSINESS BUREAU
NEW DELHI, SEPT 1
The country’s largest two-wheeler maker Hero MotoCorp on Tuesday reported a 7.55 per cent increase in sales in August at 5,84,456 units as compared to the same month last year.
The company had sold 5,43,406 units in August 2019, Hero MotoCorp said in a statement.
In domestic market, the company sold 5,68,674 units, up 8.52 percent from 5,24,003 units in August 2019.
Hero MotoCorp had sold 5,14,509 units in July, thus registering a sequential sales growth of 13 percent in August, it added.
The company said it is witnessing strong retail offtake with semi-urban centres driving the demand.
With August marking another step forward in the market’s recovery, the company cautiously anticipates sales to continue their upward trajectory with favourable factors such as the upcoming festive season, increasing consumer confidence and continued government policy support, it added.
Hero MotoCorp’s latest addition to its range of premium motorcycles – the Xtreme 160R – has received very positive feedback from the market and has led to an increase in the company’s premium segment market share.
“Now operating at nearly 100 percent production capacity with almost all customer touchpoints open, the company remains committed to the health and safety of everyone in its ecosystem, including its customers,” Hero MotoCorp said.
| Aug’19 | Aug’20 | YTD FY’20 | YTD FY’21 | |
| Motorcycles | 498,547 | 544,658 | 2,71,6339 | 1,546,107 |
| Scooters | 44,859 | 39,798 | 205,797 | 116,126 |
| Total | 543,406 | 584,456 | 2,922,136 | 1,662,233 |
| Domestic | 524,003 | 568,674 | 2,841,008 | 1,613,961 |
| Exports | 19,403 | 15,782 | 81,128 | 48,272 |
