Hero MotoCorp registers 16.9% Y-O-Y sales growth in Sep

Hero MotoCorp - the world’s largest manufacturer of motorcycles and scooters - registered record sales of 715,718 units in Sep’20 �" its highest sales in a single month in the calendar year of 2020.

This translates into a growth of 16.9% over the corresponding month of the previous year(Sep'19) when the company had sold 612,204 units.

Despite the disrupted network of components supply chain due to the non-availability of labour and issues with regard to logistics, Hero MotoCorp sold 18,14,683 units in the second quarter (July-September) of the current fiscal (FY’21), clocking a healthy Y-o-Y growth of more than 7.3%. The Company had sold 16, 91,420 units in the second quarter of FY'20.

With the peak festival season coming up in the months of October and November, Hero MotoCorp remains cautiously confident of achieving yet another benchmark in post-Covid retail sales with the help of positive consumer sentiments and continued government policy support.

To partially offset the rising input costs and commodity prices, the Company has made an upward revision in the ex-showroom prices of its motorcycles and scooters by up to 2%, with the exact quantum varying on the basis of the model and specific market. The revised prices are effective from 1 Oct '20. Operating at nearly 100% 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.

Owing to its strong reach in the Indian rural areas, the Indian two-wheeler manufacturers are likely to see a strong turnaround despite the inauspicious periods of Shraadh and Adhik Maas in the northern and western regions. Also, the strong demand revival is expected on the back of increased preference for personal mobility amid the coronavirus pandemic.

Sep’20 Sales Data: