Hero MotoCorp sells more than 5 lakh units in Feb 2021

Date: 04 Mar 2021

Hero MotoCorp sold 505,467units of motorcycles and scooters in February 2021. The company had dispatched 498,242 units of two-wheelers during the corresponding month of the previous year (February 2020).

The growth in sales – despite the ongoing challenges on account of supply chain issues that the industry is facing – has been possible due to the state of preparedness and quick countermeasures taken by the company.

Hero MotoCorp recently announced its highest-ever revenue for any single quarter. The Company reported revenue of Rs. 9,776 Crore for the third quarter (October-December 2020) of FY’21 (vs Rs. 6,997 Cr. in Q3 FY’20). The company also declared interim dividend of Rs. 65 per share amounting to 3250% and announced a special interim dividend of Rs 100 Crore@ Rs. 5 perequity share.

 

Feb’21

Feb’20

YTD FY’21

YTD FY’20

Motorcycles

463723

479310

4808849

5684508

Scooters

41744

18932

405732

390564

Total

505467

498242

5214581

6075072

Domestic

484433

480196

5055590

5914773

Exports

21034

18046

158991

160299

 

Highlights February 2021

Harley- Davidson Business Unit

Hero MotoCorp, has set up a separate vertical to drive its new business of Harley-Davidson products and merchandise distribution in India

Global automotive expert Ravi Avalur has been appointed as the Business Unit Headof the new vertical. Ravi will report to Dr. PawanMunjal, Chairman & CEO, Hero MotoCorp

The Company has also commenced wholesale dispatches of Harley Davidson products to the dealers from January 18

Hero MotoCorp has on-boarded 11 existing Harley-Davidson dealers in key geographies across the country

Product Milestone

XPulse 200 – the adventure motorcycle from Hero MotoCorp, crossed the landmark 10,000 sales mark in Kerala, thus strongly establishing the company’s modern premium brand appeal.

 

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