Saturday, Jan 22 2022 | Time 20:19 Hrs(IST)
image
Business Economy


Hero MotoCorp sells 3.5 lakh motorcycles and scooters in Nov ‘21

Hero MotoCorp sells 3.5 lakh motorcycles and scooters in Nov ‘21

New Delhi, Dec 1 (UNI) Hero MotoCorp, a leading manufacturer of motorcycles and scooters in India reported sales of 3,49,393 units in November 2021 as compared to 5,41,437 units sold in November 2020. The company sold 3,28,862 units in the domestic market last month as against 5,75,957 units sold in the same year-ago period, as per monthly data released by the company on Wednesday.

The company sold 3,29,185 motorcycles and 20,208 scooters in November 2021 as against the 5,41,437 motorcycles and 49,654 scooters sold in November 2020. Exports for the month of November 2021 amounted to 20,531 units as opposed to 15,134 units sold in the international market in the same year-ago period.

Delay in harvesting due to the late withdrawal of monsoon in many parts of the country, impacted the demand post festive season, a company statement said, adding that it expects a swift revival in sales in the fourth quarter buoyed by gradual opening up of the economy coupled with several other positive indicators, such as encouraging farm activity, confident consumer index and marriage season.

Additionally, commodity prices showing some signs of softening aided with the reduction of excise duty on fuel, and increased spending on Capex programmes by the government is likely to bring back the momentum in the two-wheeler industry.

The company’s electric vehicles (EV) project is progressing as per plans, and the Chittoor manufacturing facility in Andhra Pradesh is gearing up to produce green vehicles. Efforts are on to work across the entire EV eco-system such as battery technology and battery management systems, power train, telematics, analytics and diagnostics and charging infrastructure.

UNI NMJ RKM 2109

More News
Zed Black, HelpUsGreen sign MoU to launch new incense sticks from floral waste

Zed Black, HelpUsGreen sign MoU to launch new incense sticks from floral waste

22 Jan 2022 | 5:26 PM

Mumbai, Jan 22 (UNI) Mysore Deep Perfumery House with its flagship brand Zed Black, has inked a deal with HelpUsGreen, the pioneer in flower recycling technology, to launch 'Nature Flower' fragrant incense sticks made from recycled flowers.

see more..
HFCL calls STL's patent infringement allegations 'baseless'

HFCL calls STL's patent infringement allegations 'baseless'

22 Jan 2022 | 4:03 PM

Mumbai, Jan 22 (UNI) Himachal Futuristic Communications (HFCL), which is currently embroiled in the alleged patent infringement litigation filed by Sterlite Technologies, on Saturday claimed that the allegations are "baseless".

see more..
Flipkart Samarth sale on Jan 26

Flipkart Samarth sale on Jan 26

22 Jan 2022 | 3:26 PM

Bengaluru, Jan 22 (UNI) Close on the heels of Flipkart Samarth witnessing 1.7x growth in its seller base in Karnataka compared to last year, the company will be hosting its first-ever dedicated sale event on January 26 to mark Republic Day celebrations.

see more..
Bullion Market Closing Rates

Bullion Market Closing Rates

22 Jan 2022 | 3:20 PM

Chennai, Jan 22 (UNI) Following is the bullion market
closing rate here today.

see more..
Yes Bank net profit up 77 pc in Q3 at Rs 266 crore

Yes Bank net profit up 77 pc in Q3 at Rs 266 crore

22 Jan 2022 | 3:17 PM

New Delhi, Jan 22 (UNI) Private lender Yes Bank on Saturday reported 76.8% jump in its net profit at Rs 266.43 crore in the third quarter (Q3) of current financial year as compared to Rs 150.71 crore in the corresponding period of FY21.

see more..
image