The company sold 488,069 vehicles in the domestic market in January 2020 against 569,866 vehicles in January 2019.
Hero MotoCorp share price shed 3 percent intraday on February 3 after the company posted weak sales numbers for January 2020.
The company’s total sales declined 13.9 percent at 5,01,622 units in January 2020 against 5,82,660 in January 2019.
The company sold 494,390 motorcycles in January 2020 compared with 528,489 in January 2019. It sold 7,232 scooters in January 2020 against 54,171 units in the same period a year ago.
The company sold 488,069 vehicles in the domestic market in January 2020 against 569,866 vehicles in the year-ago period.
At 1520 hours, Hero Motocorp was quoting at Rs 2,375.80, down Rs 73.95, or 3.02 percent, on the BSE.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.First Published on Feb 3, 2020 03:40 pm
