In what spells good news for the domestic two-wheeler industry, Hero MotoCorp has reported dispatches to dealerships of over 4,50,744 units – a record sequential growth of four times over the 1,12,682 units despatched in May 2020 (LINK).
Commenting on the numbers, Dr Pawan Munjal, chairman and CEO, Hero MotoCorp, said: “We have demonstrated phenomenal leadership quality and tenacity to clock a sharp vertical growth in our sales at a time of massive disruption and uncertainty. This is an overwhelming reiteration of the enduring trust and faith that our customers repose in Brand Hero. Sale of over 4,50,000 two-wheelers in a highly disrupted month is also a clear signal of the resilience of the Indian economy to be able to revive in the face of any adversity. This has vindicated our strong belief in the robust fundamentals of the Indian economy.
A major part of the market demand is emanating from the rural and semi-urban markets, which have been helped to a large extent by the various stimulus packages rolled out by the government.”
The sales in the first quarter of FY2021 were subdued due to the impact of COVID-19 and the effects of the closure of the plant operations and the retail outlets through April and most of May. Hero MotoCorp sold a total of 5,63,426 motorcycles and scooters in the April-June 2020 period.
Hero MotoCorp says it has made significant progress in ramping up the production across all its eight manufacturing facilities – six in India and two in global markets. More than 95 percent of the customer touch-points have been operational, also with strict safety measures and protocols in place.
Also see:
Hero launches online two-wheeler buying service
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