New Delhi, March, 2022.
Hero
MotoCorp, the world’s largest manufacturer of motorcycles and scooters, sold
358,254 units in February 2022.
With a sharp decline in the number of Covid-19 cases and the
economy gradually opening up with several other positive indicators, such as
easing of the lockdown restrictions, as well as the measures announced in the
FY’23 Union Budget, a swift revival in sales is expected in the coming months.
In the month of February 2022, Hero MotoCorp became the first
automotive OEM to tie up with a leading Public Sector Undertaking (PSU) to set
up charging infrastructure across the length and breadth of the country. The
company has collaborated with Bharat Petroleum Corporation Limited (BPCL), to
establish charging infrastructure for two-wheeled electric vehicles (EVs)
across the country in its endeavor to electrify India.
As part of its ongoing Corporate Social
Responsibility (CSR) initiatives towards the COVID-19 relief efforts, Hero MotoCorp announced a welfare
package for nearly 200 Covid-19 affected families in the states of Andhra
Pradesh and Gujarat. Under its CSR platform “Hero We Care”, the company aims to
support children who lost their parents or guardians and women who lost their
spouses to Covid-19. In addition to providing them essential services such as
food security and nutrition along with education for their children, this
initiative aims at empowering the women to earn their own livelihood by
providing suitable vocational training.
With this, Hero MotoCorp is now
supporting nearly 500 Covid-affected families across Uttarakhand, Rajasthan,
Haryana, Andhra Pradesh and Gujarat.
With an eye on making the best of emerging opportunities in the post-Covid
world, Hero MotoCorp integrated Marketing, Sales, After-Sales and Parts
Business functions. Ranjivjit Singh, who was previously in charge of Marketing,
has been elevated to this newly created position of Chief Growth Officer.
In the arena of motorsports, Hero MotoSports Team Rally, added
Ross Branch, a leading international rider, in the team to further strengthen
its rider line up.
|
Feb’ 22 |
Feb’21 |
YTD FY’22 |
YTD FY’21 |
Motorcycles |
3,38,454 |
4,63,723 |
42,02,044 |
48,08,849 |
Scooters |
19,800 |
41,744 |
2,91,952 |
4,05,732 |
Total |
3,58,254 |
5,05,467 |
44,93,996 |
52,14,581 |
Domestic |
3,31,462 |
4,84,433 |
42,27,762 |
50,55,590 |
Exports |
26,792 |
21,034 |
2,66,234 |
1,58,991 |