Hero MotoCorp records overall sales dip in 2020-21 financial year

Capping off FY’21 on a positive note, Hero MotoCorp, the world's largest two-wheeler manufacturer sold  576,957 units of motorcycles and scooters in March 2021, registering a growth of 72%over the corresponding month in the previous year. The company had sold 334,647units in March 2020.

Overall sales for the entire fiscal 2020=21 was lower as compared to the previous year. The fiscal ended March 2021 saw Hero MotoCorp sell 5791539 units of motorcycles and scooters combined both in the domestic as well as export markets.  In the previous year it had sold 6409719 units.

In March last year, sales were adversely impacted due to the impending transition to BSVI from April 2020, in addition to the nationwide lockdown towards the latter half of the month due to coronavirus pandemic.

Significantly, the company registered its highest-ever sales in Global Business (GB) in a single month by clocking 32,617 units in the month of March, a growth of 82% over the corresponding month in 2020 when it had sold 17,962 units in its global markets.