Hero MotoCorp has capped the fiscal year FY21 on a positive note with sales of 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 334,647 units in March 2020.
Sanjay Bhan, Head – Global Business, Hero MotoCorp said, “Hero MotoCorp’s global business has been gaining traction and we are optimistic about maintaining the healthy growth trajectory across geographies in the coming months.
The recovery in consumer demand and efficient collaboration with our global distributors has enabled us to achieve these numbers. While the coronavirus pandemic continues to impact the global auto industry, we are witnessing strong preference for the wide range of motorcycles and scooters – including the premium motorcycles Xpulse and Hunk 160R - across markets, especially in Latin America.”
As per the regulatory filing, significantly, the Company registered its highest-ever sales in Global Business (GB) in a single month by clocking 32,617 units in March, a growth of 82% over the corresponding month in 2020 when it had sold 17,962 units in its global markets.
For fiscal FY21, Hero MotoCorp said that the auto industry witnessed significant disruptions triggered by the Coronavirus pandemic, restricting customer movement. Despite these challenges, Hero MotoCorp sold 57,91,539 units of two-wheelers in the fiscal year (April 2020-March 2021).
Naveen Chauhan, Head – Sales and After-Sales, Hero MotoCorp said, “The financial the year 2020-21 for us has been a period of sharp revival and setting new milestones, despite the backdrop of a significant downturn in the automotive market. During the fiscal, we surpassed the monumental milestone of 100 million units in cumulative sales since our inception. We are currently offering the broadest-ever range of scooters and motorcycles, each with its distinctive personality that resonates with our customers. In keeping with our vision to ‘Be the Future of Mobility', Hero MotoCorp will be launching a host of new motorcycles and scooters over the next five years.”
At around 1.32 pm, Hero MotoCorp was trading at Rs2888.70 per piece lower by 2.4% on Sensex.