HomeAUTOHero MotoCorp hopes for revival during festive season after sales dip 22%...

Hero MotoCorp hopes for revival during festive season after sales dip 22% in August

New Delhi:  Hero MotoCorp has reported a 22% deduction in August 2021, as compared to August 2020. The homegrown two-wheeler manufacturer registered 453,879 units last month in comparison of 584,456 units last year in the same month.

As many as 19,32,784 units of two wheelers in FY22 is sold by the company between April-August. 

At the same time in the last fiscal, the company sold 16,62,233 units of two wheelers.

Hero MotoCorp sold 431,137 units of two-wheelers last month, in the domestic market.  Almost 568,674 units of domestic sales got registered by the company in the same month last year. It registered 18,01,052 units between April-August this fiscal.

Hero MotoCorp got sold 420,609 units of motorcycles and 33,270 units of scooters last month.

The two-wheeler manufacturer has said that “it is not gearing up for the upcoming festive season. The festive season is usually the time when the auto manufacturers in India registered the most sales.”

The company also said that “with several positive indicators, such as the decent monsoon resulting in encouraging agricultural activity in the major parts of the country, and the several government schemes in the social sector, the company is optimistic about higher demand in the coming months.”

As the Covid-19 vaccination is gaining pace around the country and last-mile retail is opening up further, Hero MotoCorp says that “the number of sales is likely to be in a positive zone in the coming months.” Not just in the domestic market, with the economic activities reviving in faster pace around the world, the company believes its export numbers will increase as well.

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