New
Delhi, December 01, 2020.
Strengthening its market leadership, Hero MotoCorp Ltd, the world’s largest two-wheeler manufacturer, registered
yet another month of strong sales. The company sold 591,091units of motorcycles and scooters in November 2020.
Continuing to ride over the challenging market conditions caused
by Covid-19, Hero MotoCorp reported a robust double-digit growth of 14.4% over the corresponding month of the
previous year (November 2019), when the company had sold 516,775 units.
Hero MotoCorp has led the revival in the two-wheeler industry this
year and this was witnessed in the record retail sales that the company
registered in the recently concluded festival period. More than 14 lakh units were retailed in the 32- day period starting from
Navratras till Bhai-Duj.
A best-in-class product portfolio, various festive initiatives,
new-age digital sales solutions and a safe and sanitized customer buying
experience at dealerships enabled the surge in sales.
The strong growth in sales has seen the company further strengthening
its market leadership across motorcycle and scooter category, signaling the
strong faith that Indian buyers continue to show for the most trusted brands.
The company has been continuously ramping up supply and production
across its manufacturing units to cater to the increased demand. Hero MotoCorp believes
that the growth in personal mobility post Covid-19 restrictions will further
strengthen the demand for two-wheelers. The company intends to further strengthen
its product portfolio, as well as consumer offerings to ride this wave further.
|
Nov’20 |
Nov’19 |
YTD FY’21 |
YTD FY’20 |
Motorcycles |
541,437 |
479,434 |
34,80,990 |
43,07,141 |
Scooters |
49,654 |
37,341 |
294,900 |
343,222 |
Total |
591,091 |
516,775 |
37,75,890 |
46,50,363 |
Domestic |
575,957 |
505,994 |
36,78,348 |
45,34,499 |
Exports |
15,134 |
10,781 |
97,542 |
115,864 |