Hero MotoCorp sells 514,509 units of motorcycles & scooters in July 2020

Date: 02 Aug 2020

 Hero MotoCorp sold 514,509 units of motorcycles and scooters in July 2020. Despite a gradual improvement in sales during the covid-19 pandemic period, the company sales fell marginally lower compared to July 2019 when it sold 535810 units. Domestic sales in July 2020 were marginally lower compared to July 2019 at 506946 units (511374 units).

 

 

Jul’19

Jul’20

YTD FY’20

YTD FY’21

Motorcycles

490058 

478666 

2217792 

1001449 

Scooters

45752 

35843 

160938 

76328 

Total

535810 

514509 

2378730 

 1077777

Domestic

511374

506946 

 2317005

 1045287

Exports

24436 

7563 

61725 

 32490

 

The company registered a sequential growth of 14% over the previous month (June 2020) and reached more than 95% of wholesale dispatch numbers of the corresponding month in the previous year (July 2019).

While there is cautious optimism on the demand trajectory going forward, sales continue to be impacted by the micro-lockdowns in several parts of the country. For the growth momentum to continue, it would be pertinent for state and local authorities to provide a stable and consistent business environment as the situation evolves. 

Following stringent protocols for safety and wellbeing of its employees, Hero MotoCorp made significant progress in ramping-up the production across all of its eight manufacturing facilities - six in India and two at global locations. More than 95% of Hero MotoCorp customer touch-points are currently operational, with strict safety measures and protocols in place.

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